But it is still possible to pay five figures for a house, especially if you’re prepared to put in some work in and renovate the property.
We’ve trawled the latest listings on Rightmove to find the cheapest houses for sale right now across the North West.
They start from just £25,000 and include a four-bedroom house with a guide price of only £40,000.
But several require extensive refurbishment and some are up for auction, so could easily for well above their guide price.
We’ve only looked at houses for sale and not included flats, caravans or retirement homes in our list of the region’s cheapest houses.
The homes in our gallery, located across Lancashire, including in Blackpool, Wigan, Manchester, Liverpool, Burnley, Lancaster and Preston, are listed from cheapest to most expensive.
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5. 77 Neville Street, Platt Bridge, Wigan WN2 5BN - £41,000
This two-bedroom terraced house with a front yard and rear garden has a total floor area of 81sqm. The property, which is in need of modernisation, is for sale by auction, with a guide price of £41,000. | Rightmove/Auction House, Fulwood Photo: Rightmove/Auction House, Fulwood
6. Bagot Street, Blackpool, FY1 6EZ - £42,500
This 'charming' two-bedroom terraced house with an open plan lounge/diner and enclosed rear garden is described as an 'ideal investment opportunity'. It's going up for auction with a £42,500 guide price. | Rightmove/Pattinson Estate Agents, Auction Photo: Rightmove/Pattinson Estate Agents, Auction
7. 425 Manchester Road, Droylsden, Manchester M43 6QF - £
This two-bedroom terraced house with two reception rooms and a rear yard is well located for local amenities and transport links but requires thorough refurbishment. It is for sale by auction, with a guide price of £50,000. | Rightmove/Auction House, Fulwood Photo: Rightmove/Auction House, Fulwood
8. Ecroyd Road, Ashton-on-Ribble, Preston, Lancashire, PR2 - £67,500
This two-bedroom terraced house is located in a sought-after area of Preston. It has two reception rooms and, although requiring renovation, has plenty of potential. | Rightmove/Reeds Rains Photo: Rightmove/Reeds Rains