What £80K buys you in London compared with France and Thailand

  • Clapton pad dubbed London's cheapest flat sold for £79,000 in January 
  • Seller accepted cash buyer because banks wouldn't lend on tiny space 
  • Same amount buys a four-bed 19th century property with land in Sweden...
  • Or an uber-modern pad in Thailand, villa in Spain or lodge in Ireland
  • Expert advises caution, saying overseas property law is often dubious  

A flat in London that promised just seven tiny square metres of living space earlier this year sold for an eye-watering £79,000 earlier this year. 

The Clapton abode was so small that the buyer had to pay cash for it, because no bank would offer a mortgage on the diminutive East London property.

While the capital's property prices are famously inflated, leaving first-time buyers in the city weeping into their cornflakes, the money required to get a foot on the property ladder is all the more astounding when you consider what you can buy elsewhere. 

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Swing a cat? This East London property, dubbed the 'Clapton cupboard' sold for £79,000 in January this year

Swing a cat? This East London property, dubbed the 'Clapton cupboard' sold for £79,000 in January this year

The diminutive property, seen here from the outside, sold to a cash buyer after the banks weren't prepared to issue a mortgage for such a small space 

The diminutive property, seen here from the outside, sold to a cash buyer after the banks weren't prepared to issue a mortgage for such a small space 

A London cupboard may set you back £79,000 but travel a little further afield and, for the same amount, you'll be rewarded with much, much more for your hard-earned cash. 

From a traditional stone dwelling in Italy's south to a four-bedroom mansion in the Philippines, the potential for getting more bricks for your money is dizzying but overseas property hunters should tread with caution says Graham Norwood, editor of Estate Agents magazine. 

Norwood told Femail: 'In general terms, buying in other countries can offer much better value but buyers would be advised to do their homework first to ensure a safe transaction. Choosing a preferably British-based estate agent with a proven track record in buying overseas is obviously a good start.

It sounds obvious but Norwood also warns about signing anything that you don't understand, saying that contracts can often be presented to prospective buyers in another language, which can you on shaky legal ground if there are issues later. 

Still tempted? Then here's just how much you can get for £80 in countries around the globe: 

THAILAND 

Dream home? This contemporary four-bedroom pad in Chiang Mai costs around a sixth of the price of an average London property at £80,000

Dream home? This contemporary four-bedroom pad in Chiang Mai costs around a sixth of the price of an average London property at £80,000

Room to breathe! Switch continents and this chic family home would cost considerably more

Room to breathe! Switch continents and this chic family home would cost considerably more

WHAT'S ON OFFER? A four-bedroom contemporary house in leafy Chiang Mai

THE PRICE: £80,000

WHAT YOU'LL GET:  A roomy, super modern pad with four-bedrooms, air conditioning, a jacuzzi and mountain views. There's also access to a swimming pool and tennis courts. 

SPAIN   

Holiday home? For the same price as the Clapton bolthole, you can buy a three-bed villa near Alicante on the Costa Blanca in Spain

Holiday home? For the same price as the Clapton bolthole, you can buy a three-bed villa near Alicante on the Costa Blanca in Spain

And you get a pool thrown in too! The complex comes with a shared swimming area
Interior: Inside the £79,000 villa

And you get a pool thrown in too! The complex comes with a shared swimming area. Right, inside the £79,000 villa

WHAT'S ON OFFER? A three-bedroomed semi-detached villa in Aguas Nuevas, near Alicante

THE PRICE: £79,000

WHAT YOU'LL GET:  A master bedroom with a terrace, air conditioning, paved garden and a shared pool...all within 45 minutes' drive of Alicante airport   

USA    

Florida here we come: A town house in Davenport puts you in the heart of the Sunshine State, with the main theme parks a short drive away

WHAT'S ON OFFER? A three-bedroom town house in Central Florida

THE PRICE: £79,390

WHAT YOU'LL GET:  Easy access to the Funshine state's biggest attractions: Walt Disney World and Legoland are an easy drive away in Kissimmee. On-site amenities include volleyball, a shared pool and a playground for the kids.  

PHILIPPINES 

A British-based family have renovated this family home near Tabaco City in the Philippines

A British-based family have renovated this family home near Tabaco City in the Philippines

WHAT'S ON OFFER? A three-bedroom house set on 1350 square metres of land near Tabaco City

THE PRICE: A colourful snip at £70,000

WHAT YOU'LL GET: A 12-year-old three-bedroom house with mature gardens including your own coconut trees and a view of the nearby island Catanduanes.

GOA 

The recent BBC show The Real Marigold hotel highlighted how much more you can get for your money in India...this three-bedroom Goan apartment, on offer for £72,000 is a case in point

The recent BBC show The Real Marigold hotel highlighted how much more you can get for your money in India...this three-bedroom Goan apartment, on offer for £72,000 is a case in point

WHAT'S ON OFFER? A three-bedroom apartment in a complex near the beach resort of Colva in the West Indian beach hotspot of Goa

THE PRICE:  Your own pied-a-terre for £72,000

WHAT YOU'LL GET: Three ensuite double bedrooms, access to a swimming pool, clubhouse and a gym.

Roomy: The three-bed Colva apartment comes with free use of the complex's leisure facilities

Roomy: The three-bed Colva apartment comes with free use of the complex's leisure facilities

MONTENEGRO  

Room with a view: A one-bed apartment close to the popular Montenegrin resort of Kotor costs £75,000
A modern kitchen with pretty stone walls awaits inside

Room with a view: A one-bed apartment close to the popular Montenegrin resort of Kotor costs £75,000 

And relax...even the jacuzzi looks out onto the resort's pretty coastline

And relax...even the jacuzzi looks out onto the resort's pretty coastline

WHAT'S ON OFFER? A one-bed apartment close to pretty tourist hotspot Kotor

THE PRICE:  £75,000

WHAT YOU'LL GET:  A bay view, oak flooring, air conditioning and access to three onsite heated swimming pools and a spa.

GREECE   

Cor-phew, that's a snip! Greece property prices have tumbled. This renovated two-bedroom house on Argolis costs £77,000

Cor-phew, that's a snip! Greece property prices have tumbled. This renovated two-bedroom house on Argolis costs £77,000

WHAT'S ON OFFER? A two-bedroom traditional stone house on the Peloponnese isle of Argolis

THE PRICE:  £77,000

WHAT YOU'LL GET: This fully-renovated stone house has all the mod cons and is just a short walk from the beach  

SCOTLAND  

Outside of London, the UK property market still throws up plenty of bargains including this apartment in a cottage close to Edinburgh, currently on sale for £80,000

Outside of London, the UK property market still throws up plenty of bargains including this apartment in a cottage close to Edinburgh, currently on sale for £80,000

WHAT'S ON OFFER? Two-bedroom flat in a traditional stone cottage in the village of Kirkliston, near Edinburgh

THE PRICE:  £80,000

WHAT YOU'LL GET: Village life, a short ride from one of the UK's most beautiful cities. Ideal for first time buyers keen to bring it back to life 

ITALY 

A slice of Italian heritage: It may not look much, but a traditional trulli house, found in the up-and-coming area of Puglia could be an investment for the future

A slice of Italian heritage: It may not look much, but a traditional trulli house, found in the up-and-coming area of Puglia could be an investment for the future

WHAT'S ON OFFER? A trulli, a much sought-after traditional Puglian-style house in Italy's heel  THE PRICE:  £77,000

WHAT YOU'LL GET: The chance to opt out of modern life for a while. This centuries-old conical dwelling is inhabitable...but has bags of potential and faces the Pirro valley. There are beaches galore in nearby Capitolo.  

 AUSTRALIA 

Buy into Queensland life: This Longreach two-bed house costs just over the 

Buy into Queensland life: This Longreach two-bed house costs just over the 

WHAT'S ON OFFER? Open-plan two-bed living in Longreach, Queensland

THE PRICE:  £87,000

WHAT YOU'LL GET: A newly-renovated two bedroom bungalow with an additional study/nursery room

FRANCE  

A year in Limousin? This stone country house with outbuildings and land costs £80,000

A year in Limousin? This stone country house with outbuildings and land costs £80,000

Pastoral French life is within easy reach, even with a modest budget...
Late summer evenings on the terrace, peut-etre?

 Pastoral French life is within easy reach, even with a modest budget...

WHAT'S ON OFFER?  A slice of French joie de vivre for less than £80,000; a pretty stone country house in the Limousin region of France

THE PRICE: £77,000

WHAT YOU'LL GET: A gorgeous two-up two-down with exposed beams, a covered terrace and potential wine cellar 

SWEDEN

Scandi dream: This huge four-bedroom property in Sweden's south needs some tlc but is a bargain at £74,000

Scandi dream: This huge four-bedroom property in Sweden's south needs some tlc but is a bargain at £74,000

Shabby but could be chic: This 19th century property in Liatorp comes with a 5,000 metre plot

Shabby but could be chic: This 19th century property in Liatorp comes with a 5,000 metre plot

WHAT'S ON OFFER? A 19th century four-bedroom traditional Swedish home in Kronoberg 

THE PRICE: £74,000

WHAT YOU'LL GET: A cheap as chips project in the small village of Liatorp in Southern Sweden. With four bedrooms and a 5,000 square metre plot, there is plenty of room to roam.

IRELAND   

Lodge in a lodge: A modern wooden house in a rural location near Ballinamore in Ireland's heart is currently on sale for £77,000 

Lodge in a lodge: A modern wooden house in a rural location near Ballinamore in Ireland's heart is currently on sale for £77,000 

Communal living: For your hard-earned cash, you get a new-build on a residential development

Communal living: For your hard-earned cash, you get a new-build on a residential development

WHAT'S ON OFFER? A cute-as-a-button wooden lodge on a rural residential development in the north of Ireland

THE PRICE: £77,000

WHAT YOU'LL GET: Ideal holiday retreat in a rural setting boasting three bedrooms on a residential estate close to Ballinamore, two hours north-west of Dublin

SOUTH AFRICA 

A drive-thru garage and your own pool come with this three-bedroom house in KwaZulu-Natal

A drive-thru garage and your own pool come with this three-bedroom house in KwaZulu-Natal

In addition to three bedrooms, there's a one bedroomed 'flatlet', perfect for vistors...

In addition to three bedrooms, there's a one bedroomed 'flatlet', perfect for vistors...

WHAT'S ON OFFER?  A three-bedroom house in the KwaZulu-Natal area of South Africa

THE PRICE: £77,000

WHAT YOU'LL GET: A drive-thru garage, your own pool, a gazebo with an additional one-bedroom flat thrown in too

BRAZIL   


A little piece of paradise for £80K? This property in Rio Grande do Norte in the Natal region of Brazil comes with its own private pool and en suites for every room 

A little piece of paradise for £80K? This property in Rio Grande do Norte in the Natal region of Brazil comes with its own private pool and en suites for every room 

WHAT'S ON OFFER?  A three-bedroom villa with private pool in the coastal Natal region of Brazil

THE PRICE: £80,000

WHAT YOU'LL GET: Your own private pool, three en-suite bedrooms, private parking and the beach is just a ten-minute stroll away 

All properties featured above are currently on sale on Rightmove

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