THESE are some of the region's homes where you only need £5,000 or less to get on the property ladder.
A mix of two and three-bedroom homes across the North-East are currently on the market for less than £50,000 - and some are ready to move straight into.
Marketed towards first-time buyers, these homes are among the cheapest in the region listed on the property website, Zoopla.
They also require a much smaller deposit, with the standard ten per cent usually required to secure a mortgage equalling less than £5,000.
In fact, some lenders offer first time buyers deposits at five per cent, meaning the money needed upfront is slashed even further.
According to Zoopla, there are currently around 375 different deals for those wanting to put down just five per cent on their first home, compared to deals available in 2008.
Although it warns you are likely to pay significantly higher amounts of interest because you are lending more.
It also says you are more likely to be accepted for a mortgage when putting more of a deposit down as you are seen as less of a risk.
Tom Parker, Consumer Spokesperson at Zoopla, said: “The North-East offers home buyers some of the best value for money across the whole country, with it being possible to purchase a modern spacious property including a decent garden for a £5,000 deposit.
"This helps explain why the region is favoured by buy to let investors with locations like Sunderland, County Durham and Hartlepool all proving popular.”
See for yourself below :
Wheatley Terrace, Wheatley Hill, Durham
Described as a "well presented" two-bed mid-terrace home, this property on Wheatley Terrace at Wheatley Hill, near Durham, is on the market for £45,000.
It comes complete with a rear garden, no-onward chain and is priced "attractively" for a quick sale. You'd need a £2,250 (5 per cent) or £4,500 (10 per cent) deposit to buy this home.
Birchington Avenue, Middlesbrough
A three-bedroom on Birchington Avenue in Middlesbrough is on the market with offers over £50,000 - meaning you'd need a deposit of at least £2,500 (5 per cent) or £5,000 (10 per cent).
Coming complete with off-street parking, a 'good-sized' rear garden, downstairs toilet and central heating, it is being targeted towards landlords and first time buyers.
Robinson Street, Loftus
Situated on Robinson Street in Loftus, near Saltburn, this two-bedroom home is described as being ideal for a first time buyer or buy to let landlord.
On the market for £40,000, the quaint home is located on a "quiet street" within minutes of the High Street. You'd need a £2,000 (5 per cent) or £4,000 (10 per cent) deposit.
Ashford Road, Farringdon, Sunderland
A two-bed flat in Farrington, Sunderland, is on the market for £49,950 and has been recently refurbished and includes a number of modern features.
It comes complete with a lobby, reception hallway, living room, fitted kitchen, two double bedrooms and a bathroom. You'd need a £2,497 (5 per cent) or £4,994 (10 per cent) deposit.
Cobden Street, Thornaby
A two-bedroom home on Cobden Street, Thornaby near Stockton, is on the market for £50,000 - and is located in a "perfect rental location."
Described as an investment opportunity, this home has a tenant in situ, but has recently seen new carpets and painting throughout. You'd need a £2,500 (5 per cent) or £5,000 (10 per cent) deposit.
West Avenue, Easington Colliery
This two-bedroom home on West Avenue comes with a conservatory, dining/kitchen area, lounge, family bathroom and an enclosed garden.
On the market for £44,950, it is being marketed as an ideal "investment" opportunity or first home. You'd need a £2,247 (5 per cent) or £4,495 (10 per cent) deposit.
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