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

google discoverFollow us on Google Discover

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.

Advert

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.

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.

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

Recommended reads

Ten signs your partner is sleeping with someone else as Nikki Glaser admits letting boyfriend do itGetty Stock ImageMelania Trump hits out at 'lies' over Jeffrey Epstein links in rare public statementWhite HouseUK schoolboy shot in head after thinking pistol was BB gun(Solent News)UK calls out Putin after discovering ‘secret operation’ in British waters(MoD)

Advert

Choose your content:

an hour ago
2 hours ago
3 hours ago
  • White House
    an hour ago

    Melania Trump hits out at 'lies' over Jeffrey Epstein links in rare public statement

    The First Lady made a rare public statement at the White House

    News

    breaking

  • (Solent News)
    an hour ago

    UK schoolboy shot in head after thinking pistol was BB gun

    The 11-year-old fortunately survived with just a graze to the head

    News
  • (MoD)
    2 hours ago

    UK calls out Putin after discovering ‘secret operation’ in British waters

    The Russian embassy in London has since denied the claims

    News
  • (PA)
    3 hours ago

    Thief captured in pub stealing bag with £2 million Fabergé egg inside

    The egg and watch set were one of just seven in existence

    News
  • Gorillas seen banging on glass in abandoned UK zoo finally moved to new location
  • ‘Ghost Murmur’ device used for first time that can ‘find you if you have a heartbeat’
  • Major change was made to Cadbury Creme eggs that nobody noticed
  • UK schoolboy shot in head after thinking pistol was BB gun