WITH the UK’s average house price having increased by £6,000 in the past year, one home in Hampshire offers a more cost-effective solution.

This one-bedroomed terrace house is up for auction with a guide price of just £135,000, well under the average UK house price of £256,000.

Excluding shared ownership arrangements, this property on Abraham Close, Botley, Southampton, is the cheapest house on the market in Hampshire.

The property is situated just 0.3 miles away from several good and outstanding Ofsted rated schools a well as a short walk away from parks, green spaces and streams.

Basingstoke Gazette: RightmoveRightmove

The one-bedroom house is ideal for first time buyers or for those looking to invest in property.

It has been recently decorated and is finished to a high standard, featuring modern décor throughout, off road parking and garden.

This Mews style property has recently been modernized with grey carpets, new kitchen worktops and has been painted throughout.

Basingstoke Gazette: The bedroom, RightmoveThe bedroom, Rightmove

The property offers one double bedroom a large living room with spiral staircase to the first floor, kitchen and bathroom.

Up for on-line auction with Pattinson Estate Agents, the guide price is set at £135,000, with the price having been reduced on Thursday (June 24).

Basingstoke Gazette: The bathroom, RightmoveThe bathroom, Rightmove

According to Rightmove Market statistics, properties in SO30 2RQ had an overall average price of £163,000 over the last year.

Basingstoke Gazette: The living room, RightmoveThe living room, Rightmove

Overall, sold prices in SO30 2RQ over the last year were 22 per cent down on the previous year and 29 per cent down on the 2018 peak of £230,000.

For more information, call 0191 687 0599 or visit the Rightmove listing through this link.