Cheapest new Lancashire properties for sale right now from just £5k

Properties on the market are located in Blackburn, Colne, Darwen and Accrington

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The prices of everything in our lives has soared due to the cost of living crisis, so it may seem that getting on the property ladder is just a pipe dream.

For many it might seem even more difficult right now to find the right home, but there are some gems on the market that are more affordable than you may think. Whether you're a first time buyer or looking for a new development opportunity, Rightmove have some exciting properties on their website at the moment.

Located across Lancashire, most of these properties are in desirable locations, close to local amenities, transport links and schools. Here are some of those homes that are being sold through estate agents and auctioneers, with prices starting as little as £5,000.

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Fir Street, Nelson - £5,000

This two-bedroom terrace property is on the market in Nelson, to be sold at auction. It is understood to be a mid-terrace house that requires extensive cleaning and refurbishment throughout due to its deteriorated internal condition.

It comprises of two bedrooms, an upstairs bathroom and two ground floor rooms. There is also an outhouse in the rear yard.

Situated in Nelson, the house is positioned approximately 0.5 miles from the town centre and in close proximity to shops, restaurants and parks.

Nelson Railway Station is approximately 0.5 miles from the property too and primary schools are also under one mile from the house. Full details can be found here.

Hunslet Street, Burnley - £20,000

This two-bedroom property is on sale by online auction, which will start on Tuesday, June 20. It is an end-terraced property which is ideal for a buy-to-let investor, first-time buyer or developer.

Comprising of two bedrooms, spacious reception room, kitchen and bathroom, it's the perfect size for an individual or couple. Externally, there is also an enclosed yard to the rear.

On Hunslet Street, it is close to Burnley town centre and a short walk to the canal and Towneley Park and local amenities, including schools, colleges and supermarkets. If needed, it is well situated for public transport links and is also a short drive from the M65 motorway, so it's perfect for commuters.

The let is currently at £5,700 per annum, with a guide price of £20,000 - £40,000. Full details can be found here.

Cleveland Street, Colne - £40,000

For sale by auction, this property will be on sale for a starting bid of £40,000. It is a mid-terrace, two-bedroom house in Colne and is perfect for developers and investors.

The property is over two floors, comprising of a large lounge, under stairs storage cupboard, large kitchen, WC and hallway to the enclosed rear yard. Upstairs, there is a double bedroom to the front and second bedroom to the rear.

There's also a family bathroom which includes a low-level WC, pedestal hand wash basin and a panelled bath. Located on Cleveland Street, the property is situated in a popular residential area and close to local schools and amenities.

Colne Station is one mile away and the nearest primary school is 0.2 miles away. Full details can be found here.

Coal Clough Lane, Burnley - £50,000

A three-bedroom mid-terrace is on sale in Burnley via auction, starting off at £50,000. It is ideal as an investment property as it has much potential with its size and location.

The home comprises of three bedrooms, two reception rooms, a bathroom, kitchen and external space. On the first floor, the hallway has a gas central heating radiator and stairs, alongside two reception rooms.

On the same floor, the kitchen has a stainless steel sink and drainer, space for cooker, fridge freezer, washing machine, gas central heating radiator. Upstairs, there are three bedrooms and a family bathroom.

Outside, there is a garden forecourt to the front and an enclosed gated yard to the rear. Full details can be found here.

Railway Street, Nelson - £50,000

A two-bedroom mid-terrace dwelling is on sale in the popular town of Nelson, which will be available to purchase at auction. It is situated close to local amenities, transport links and a short drive to the M65 motorway.

The house comprises of a comfortable sized living room, inner hallway with staircase leading to the first floor, fitted kitchen and utility room with access out to the rear yard. On the first floor, there are two bedrooms and a three-piece bathroom suite.

Outside, there's a forecourt at the front and to the rear, an enclosed yard with a gate to shared access road. Full details can be found here.

Oswald Street, Accrington - £54,950

A two-bedroom terraced home is on sale on Oswald Street in Accrington, which is perfect for investors. The property is within walking centre of the town centre, meaning local amenities are nearby for the resident.

Brimming with potential, the property has two bedrooms, one bathroom, a living room and a kitchen. Outside, there's an enclosed yard.

Although the size of the rooms are spacious, the property is in need of a full renovation and will require a lot of money and dedication to be put into it, making it ideal for someone looking to invest. Accrington station is 0.5 miles away and the nearest primary school is 0.2 miles away. Full details can be found here.

Duchess Street, Lower Darwen - £54,950

Located on Duchess Street in Lower Darwen, this property has a spacious lounge, complete with a fireplace, as well as a kitchen/diner and a flagged rear yard. Upstairs, there's two large bedrooms and one bathroom.

It is the perfect development opportunity for the lucky buyer, as it is in a great location and close to motorway links. It is also in an excellent location for local amenities, including shops and schools.

It has great rental potential as it is in a highly sought after area of Lower Darwen. Full details can be found here.