A growing number of first-time buyers are opting to buy “fixer-uppers” as a quicker way to get on the property ladder.
Emma Mortimer, 33, is one such person who opted for a home that requires extensive renovation to save money.
She paid £190,000, with a 10 per cent deposit, for a three-bed semi-detached property in Bolton, Greater Manchester, and said the price was the “main reason”.
“The area we wanted to live in is generally quite expensive, and the thought of a new build would be lovely, but the prices would just not suit our financial position,” she said.
Emma, who lives with her partner and young son, said she was determined not to overstretch herself financially.
