Champagne tastes and lemonade pockets? Well, fret not!
A bit of lateral thinking means luxury living can be within your reach.
If you’re prepared to get involved in a renovation project, or even consider a more unusual building, you can snap up a bargain and transform it into your fantasy castle.
If you consider the average price house price in 2016 was £220,000 in Edinburgh and £160,000 in Glasgow, putting in some graft means you can live in a far grander property.
There is a cracker in Strathaven in South Lanarkshire. The detached five-bedroomed detached home sits in its own spacious grounds on the edge of the village. Make no mistake, this is a serious renovation project but could make an outstanding home.
A handsome-looking building on sale for offers over £175,000, it boasts gloriously spacious rooms, great countryside views and some stylish flourishes including huge stained glass windows. Take a look here.
Consider, too, properties that were not previously family homes. Look out for church halls, barns and one-time B&Bs coming onto the market.
Many buyers will discount these properties because of the work and expense of converting – but lower demand is always good for you when trying to secure a bargain.
Take a look at the former Dower Hotel in New Aberdour, Aberdeenshire.
The guide price is £45,000 and for that you get an awful lot of property, albeit in need of significant development.
The schedule suggests it could be turned into four different homes; three with five bedrooms and one with six.
Finally, if you’re at a stage of life where you can take on a project from scratch – or pay someone else to – buying a plot of land can be a cost-effective way to super-luxury home ownership.
It also means having a bespoke house in your ideal location.
Plots in sought after suburbs and areas of high demand are obviously going to be more expensive. As you move into less built-up areas, however, the prices can represent real value for money.
While self-builds mean it will be longer before you can hold your housewarming party, in most cases it costs much less to buy a plot and fund the construction costs yourself than to buy the equivalent property on the open market.
Check out this plot in the centre of tourist town Tyndrum, by Crianlarich.
Like many plots it comes with planning permission already in place – here for a three-bedroomed home. It’s on the market for just £28,600. Take a look here.