Where to find a house to do up: Slough is top hotspot for fixer-uppers
Finding a property that needs updating is one way of making your house buying budget stretch a little further.
If you don’t mind putting in the work, it could mean that you end up with a dream home that you could not otherwise afford.
But such homes can be hard to come by, so new research by property website Zoopla has identified the areas where there is most likely to be a renovation project for sale.
Top of the list is Slough, in Berkshire, where properties are more than three times as likely to be in need of renovation as in the rest of Britain.
Zoopla looked at properties for sale around the country that require updating
A total of 3.32 per cent of all properties for sale in the town require work, compared to only 0.86 per cent nationally.
It is followed by Plymouth, in Devon, at 2.55 per cent and Redruth, in Cornwall, at 2.54 per cent.
In terms of parts of the country, Scotland has the most properties that could do with a spruce up, followed by Wales, while the East Midlands has the least, followed by London.
Zoopla based the research on a selection of property listing keywords to reveal which regions and towns have the highest properties that retire renovation.
This one-bed maisonette in Slough, Berkshire, requires updating and is for sale for £190,000 via Express estate agency
This one-bed flat in Plymouth, Devon, requires updating and is for sale for £50,000 via estate agents Connells
|Rank||Region||Percentage of properties that require work (%)||Ratio versus national average of 0.86%||Average £ value for region|
|1||Scotland||1.49%||1.73 / 1||£194,219|
|2||Wales||0.98%||1.14 / 1||£189,410|
|3||South West England||0.92%||1.07 / 1||£306,137|
|4||North East England||0.84%||0.98 / 1||£191,857|
|5||Yorkshire and The Humber||0.83%||0.97 / 1||£179,120|
|6||West Midlands||0.82%||0.95 / 1||£231,841|
|7||East of England||0.81%||0.94 / 1||£357,959|
|8||North West England||0.76%||0.88 / 1||£196,415|
|9||South East England||0.76%||0.89 / 1||£410,476|
|10||London||0.62%||0.72 / 1||£656,217|
|11||East Midlands||0.57%||0.66 / 1||£209,572|
Looking at a regional level, Scotland takes the top spot, with an average of 1.49 per cent, almost twice as high as the national average.
In second place is Wales with an average of 0.98 per cent, followed by South West England at 0.92 per cent.
By contrast, the East Midlands is the region with the lowest proportion of fixer-uppers with an average of just 0.57 per cent, followed by London with 0.62 per cent and the South East of England with 0.76 per cent.
This two-bedroom detached bungalow in Cornwall’s Redruth requires work and is on the market for £185,000 via estate agents Redwood
|Rank||London borough||Percentage of properties that require work (%)||Ratio versus London average of 0.62%||Average £ value for London borough|
|1||Redbridge||1.52%||2.45 / 1||£464,373|
|2||Newham||1.25%||2.02 / 1||£381,058|
|3||Lewisham||1.04%||1.68 / 1||£475,193|
|4||Havering||0.96%||1.55 / 1||£389,326|
|5||Enfield||0.87%||1.40 / 1||£471,600|
|7||Hounslow||0.82%||1.32 / 1||£554,450|
|8||Haringey||0.81%||1.31 / 1||£655,299|
|9||Barking and Dagenham||0.79%||1.27 / 1||£297,571|
|10||Barnet||0.76%||1.23 / 1||£652,874|
In the capital, the London borough of Redbridge is comfortably the capital’s top renovation potential hotspot with 1.52 per cent of properties for sale requiring work.
It is more than twice the London average of 0.62 per cent, according to Zoopla.
In second place is the London borough of Newham at 1.25 per cent, followed by Lewisham at 1.04 per cent.
By contrast, Waltham Forest has the smallest proportion of properties that need updating at 0.48 per cent.
Greenwich holds the second lowest average, with 0.52 per cent and the borough of Kensington and Chelsea is third with 0.56 per cent.
Zoopla’s Lawrence Hall said: ‘It’s interesting to see which areas of the country have the most properties for sale that are in need of work.
‘Whether it’s in the Midlands, Scotland or in London, there are clearly hotspots to be found in all regions.
‘It’s worth bearing these locations in mind if you’re considering moving to a new area and don’t mind putting some work into a property to turn it into your dream home.’
This two-bed flat in Westfield Street, Salford, requires updating and is on the market for £150,000 via estate agents Herwald Sales & Lettings