* It’s cheap! You get a lot of bricks and mortar for the money. It offers good value, or at least appears to.

* Cheap property is perfect for cash investors. The price may be low enough to make a cash purchase possible, ie. no mortgage needed, no need for the property to meet lending criteria.

*  Minimises the Stamp Duty bill for investors.

* Low deposit, low repayments, low interest. Where bought with a mortgage the mortgage will be smaller meaning that the cost of financing the project will be smaller too.

* Low risk. Less money invested broadly means less risk for the investor.

* Less competition. Cheap property is often, by association, located in less prosperous areas – which means fewer people can afford to buy. So there is often plenty of property to choose from but less competition when buying.

* Good rental prospects. Less prosperous areas where few people can afford to buy often have very strong levels of rental demand.

But this is probably the most important advantage of buying cheap property:

* High and even super-high rental yields are possible. Since prices are much less than ‘expensive’ areas but rents are not comparatively much less (and may even be the same) yields can be excellent – sometimes double or even quadruple those in higher priced areas.