I think I have just sold my house for £115,000. I say think, because this is the fourth time I have thought I had sold it and each time the sale has fallen through - and each time I have had to reduce the price. This is a council site in Bristol with its associated problems. So I think erwecken, you would be very lucky to get a house at so low a price. The one craft has shown us certainly seems very nice, and so it looks possible that you could buy one. Also there is another house for sale in my street that has been repossessed and the asking price is £110,000, which I am pretty certain you could get for £100,000. So yes, you might be lucky but you would have to be very careful to pick the right district. Don't forget the other costs that go with buying a house - solicitor's fees, estate agents fees, moving fees, all that sort of thing. Best of luck in your search.