• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Houses selling for £5,000 in ‘ghost town’ that was once thriving location

Home> News

Updated 09:54 1 Jun 2023 GMT+1Published 20:28 31 May 2023 GMT+1

Houses selling for £5,000 in ‘ghost town’ that was once thriving location

The seaside town used to be a bustling place and now it's a ghost town

Joe Harker

Joe Harker

Trying to get on the property ladder can be something of a nightmare these days considering there's a cost-of-living crisis going on and the housing market keeps going up.

An expert's opinion on a first time buyer attempting to secure their first home is that you are 'f**ked' unless your parents already own a home or you can live in to build up some savings before buying one yourself.

Otherwise you're cast adrift into paying high rents and having your income squeezed to the point that it can be hard to save up enough money to get a deposit on a house.

In that case, we might have found just the place for you, if you overlook several considerably challenging downsides in search of the silver lining.

Advert

If you fancy moving to the coastal village of Horden, County Durham, then you can enjoy being beside the seaside and buying a house for the incredibly low sum of £5,000.

I know it doesn't look like much but hey, dream big.
Rightmove

Some properties have popped up on Rightmove for that low, low price, including a couple of two-bed terraced houses and a three bedroom house.

For that price, you could probably expect them to be the sort of fixer-upper that you might see on some sort of property show where people are introduced to stairs going up the bedrooms and whatnot.

A cheap house, coastal living and a train station which has a surprisingly pleasant array of reviews on Google makes this your ticket to getting a foot on the property ladder, albeit on the lowest rung.

Advert

Of course, on the downside you'd be living in what The Independent reports is a 'ghost town', where entire streets are boarded up and there's not much to do since many of the major employers in the area have been closed down.

It might be a 'ghost town' but at least you can make it to the seaside.
Washington Imaging / Alamy Stock Photo

There's only 6,807 people living in the village these days, according to the 2021 census, with Horden's economic heart having been ripped out when the local coal mine was closed down in 1987, thanks to Margaret Thatcher's government.

These days, the village is beset by drug use, few opportunities and high levels of unemployment, so if you're thinking of somewhere to start a life the place where seaside houses are going for £5,000 might not be it.

The houses were put on auction, with the last bidding process closing at shortly before 1pm today (31 May) so it's possible that someone out there is now the proud owner of a £5,000 house and has plans to do something with it.

Featured Image Credit: Wikimedia Commons / Peter Robinson / Washington Imaging / Alamy Stock Photo

Topics: UK News, News

Joe Harker
Joe Harker

Joe graduated from the University of Salford with a degree in Journalism and worked for Reach before joining the LADbible Group. When not writing he enjoys the nerdier things in life like painting wargaming miniatures and chatting with other nerds on the internet. He's also spent a few years coaching fencing. Contact him via [email protected]

X

@MrJoeHarker

Advert

Advert

Advert

Choose your content:

9 hours ago
10 hours ago
11 hours ago
12 hours ago
  • YouTube/ZackD Films
    9 hours ago

    Terrifying simulation shows how surgeon managed to 'brand' his initials on patient's organ with laser

    Simon Bramhall used a device to put his name on their liver

    News
  • (Andrew Kane/Facebook
    10 hours ago

    Mother issues heartbreaking statement after 'big strong' son dies after being bitten by a fly

    Andrew Kane had worked as a farmer in Shropshire

    News
  • Getty/Ekaterina Vasileva
    11 hours ago

    Study reveals which people are most likely to experience bad 'hangxiety'

    Some people are more emotionally affected by their drinking

    News
  • Getty Stock Images
    12 hours ago

    Creatine hair loss explained as study exposes truth about popular supplement

    Many people believe creatine is to blame for their increasing hair loss, but is there any science behind this notion?

    News
  • Joe Wicks responds to 'killer' protein bar criticism after selling product that 'could cause cancer'
  • Mum dies on dream £5,000 holiday after falling ill at ‘unhygienic’ five-star hotel
  • Once-in-a-generation ‘Planetary Parade’ will be visible in UK skies tonight in event that won’t be seen again for decades
  • Couple's real life 'money tree' produces seeds worth £5,000 for the first time