Is this the cheapest house in the south-east?

The exterior of the bungalow

A detached home just a short walk from the Kent coast, costing only £20,000? There must be a catch - and there is.

This brick-built, one-bedroom bungalow in Warden Bay, near Sheerness, is classified as a holiday home, meaning it can only be lived in for ten months of the year.

For the right buyer, though, the place is a bargain, at a fraction of the price of most properties in the south-east. There's a lounge, a decent-sized bedroom with en-suite shower and a kitchen, all in reasonable condition... if a little dated.

There are external window blinds fitted and the front door has its own electric shutter - handy for those couple of months when the bungalow is not in use.

The kitchen appliances are included in the sale, and the agents say that other items of furniture may also be negotiated, if required.

The living room

The property is close to the beach, making it an ideal holiday retreat, and only an hour from London. There are buses to Sheerness town centre, supermarkets and the railway station eight miles away.

"Warden Bay is within walking distance to Leysdown on Sea where you can spend hours of fun on the 2p slot machines and eat a delicious fish and chip lunch," say estate agents Mann. "There are also bus routes to Sheerness town centre, the train station and supermarkets."

The kitchen

The bungalow will seem all the more appealing given the latest news on the London property market. Across the capital, according to Rightmove, the average asking price for a property is £630,974.

Across the country as a whole, average prices have risen by over £2,200 in the last month alone, and the typical starter home now has an asking price of £194,477 - out of the question for many first-time buyers.

With a 10% deposit, though, this house could be had for a mortgage repayment of under £100 a month - all you'll have to do is find somewhere else to go for two months of the year.

Five holiday homes for £100,000 or less
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Five holiday homes for £100,000 or less

This one bedroom, ground floor apartment benefits from access to a stunning communal swimming pool, as well as a private terrace. Well situated near the centre of the bustling, family resort of Cala d'Or with it many restaurants, bars and shops, it is also just 65km from Palma international airport.

Price: €130,000 (£98,000)

Agent: Investa Real Estate Mallorca - 0843 314 3156

Close to the centre of friendly, French ski resort Champagny en Vanoise - part of the Paradiski ski area that also includes Les Arcs and La Plagne - you will find the small apartment block housing this new build, ground floor flat with space for two bedrooms. The 63 square meter space is sold empty, giving you the freedom to create the perfect holiday home for both winter and summer trips.

Price: €120,000 (£90,000)

Agent: RMP Immobilier - 0033 479 221050

With an open plan living/dining area, two double bedrooms, a bathroom and a utility room, this stunning Cretan villa offers plenty of space for families. Outside, there is a private garden and a shared swimming pool. The resort of Chania's white, sandy beaches are also just 10 minutes drive away, while there is a local supermarket and bar/restaurant within easy walking distance.

Price: €128,500 (£97,000)

Agent: Alpha Omega Crete - 0030 282 5031860

This beautiful stone house near the walled town of Lucca has bags of rustic charm from the outside - plus a modern, open plan interior. Arranged over three floors, it also boasts a private garden and fantastic views across the surrounding countryside, as well as the space to easily sleep six people.

Price: €125,000 (£94,000)

Agent: Essegi Immobiliare Lucca - 0843 314 3156

Relaxing on the roof terrace of this modern, two bedroom apartment, you will enjoy blissful views across the pretty coastal town of Lagos to the sea beyond. The property, which is within easy walking distance of the beach, also benefits from two bathrooms, a balcony and underground parking. And while the asking price is slightly above £100,000, an offer of under that amount could seal the deal.

Price: €135,000 (£102,000)

Agent: Sunpoint Properties Praia da Luz - 0035 191 861263


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