Here are 10 homes currently up for sale for £50,000 or less.
5. Two-bedroomed terraced house in Swan Street, Monkwearmouth, Sunderland
Estate agent Peter Heron says: "This deceptively spacious, two bedroom mid terraced property is positioned on a quiet street within the well established area of Southwick and would prove ideal for first time buyers and investors." Price: £40,000. Photo: UGC
6. Two-bedroomed terraced cottage in St Leonard's Street, Hendon, Sunderland
Rightmove says the property is available with no chain, "boasts excellent potential and is likely to appeal to investors looking for something to renovate". Price: £30,000. Photo: UGC
7. One-bedroomed flat in Dunn House, North Bridge Street, Sunderland
Urbanebrix describes this as a "unique investment opportunity and adds: "Dunn House has been identified as a prime location for private investment, due to the shortage of student accommodation in the area." Guide price: £28,500. Photo: UGC
8. Three-bedroomed terraced bungalow in John Candlish Road, Millfield, Sunderland
The property is summarised as holding a "good location in Millfield" with "no upper chain. A "full refurb" is needed with the property on the market for £18,000. Photo: UGC