Going, Going, Gone!

Getting oneself on to the property ladder is a challenge that many of us will have to face at some stage of our lives. For many first time buyers current house prices are simply too high. 

In the UK, Oxford has the highest property prices in relation to wages. The average house price in Oxford is £403,256 (2013) and the average salary is around 21k per annum. Unless you have some kind of financial support, raising a deposit for a mortgage takes a very long time.

However, there are other options available. If you're prepared to get involved in some heavy duty DIY, the house in the photo below, located in a small mining village in South Wales, is 'yours for nothing'! 'The three-bedroom home is boarded up, with an old leather settee dumped in the garden outside, and auctioneers said it has a reserve price of ‘nil’ - meaning it could sell for only a few pounds'.1 

Click on the image below to read more:

Source: image copied from www.dailymail.co.uk