The Prime Minister’s promise to let first-time buyers get mortgages with just a 5% deposit could see some interesting results on Wearside.
Boris Johnson aims to turn ‘generation rent’ into ‘generation buy’ – meaning any property on the market for £100,000 or less could be secured with a £5,000 deposit.
He told the virtual Conservative Party conference our 'broken housing market’ needs fixing by helping young people onto the property ladder who cannot otherwise afford deposits.
Experts have suggested the plan could cost tens of billions of pounds – and even the PM admits reforms will take time.
But the plan has created some excitement among young people planning to buy their first home.
So here are 10 homes for sale in and around Sunderland, all for less than £100,000.
1. Barmston Close, Columbia, Washington
Rightmove has put this two-bedroom terraced property on the market at £90,000. Photo: Sunderland Echo
2. Mowbray apartments, city centre
This modern one-bedroom, first floor apartment is on the market for £95,000 with Rightmove. Photo: Sunderland Echo
3. Thirlmere Crescent, Houghton
Three-bedroom semi-detached house for sale with Rightmove at £95,000. Photo: Sunderland Echo
4. Withernsea Grove, Ryhope
This two-bedroom semi is going for £94,500 with Rightprice. Photo: Sunderland Echo