BORDON property prices have shot up in the last few months.

And with fewer homes under £100,000 on the market young people and first time buyers are finding it difficult to get their feet on the property ladder.

The Land Registry recently published its property figures, collating the price paid for every English and Welsh home sold in the three months of April, May and June 2002, which showed the average three-bedroom semi-detached Hampshire home was now £149,859.

And this is around the price that people can expect to pay for the same home in Bordon.

Marcus Redmayne Porter, director of Bushnell Porter in Chalet Hill, told The Herald that there were currently no properties on its books for less than £100,000.

ÒThey (homes under £100,000) tend to sell very quickly when we do have them,Ó said Mr Redmayne Porter.

ÒLast week we had a couple but nothing at the moment.Ó

And he said that the only home people could expect to get for less than £100,000 would be a one-bedroom flat.

ÒThe cheapest would be about £90,000 for a one-bedroom flat. This has gone up quite a bit in recent months because at the beginning of the year you would have paid anything from the late £70s for the same property,Ó he said.

ÒAlthough we are much cheaper than other areas it is still not affordable for some buyers.

ÒA three-bedroom semi-detached would be around £150,000 to £155,000, which three months ago would have sold for around £130,000.

ÒThe demand on the market is between £90,000 and £175,000 at the moment and anything over £200,000 is slow.Ó

And at Mann and Co Ltd in Chalet Hill, demand is also high for cheaper properties.

Manager Anna Wilkinson said that she had three homes for under £100,000 at the weekend.

And the estate agents have only sold five homes under £100,000 between April and June this year because of a lack of supply.

ÒIt is a case of high demand and little supply,Ó she said.

ÒThey sell straight away but they are not coming up at the moment.Ó

And she said that people were ÒdesperateÓ for one and two bedroom homes.

ÒFor a three-bedroom semi-detached you are looking at around £160,000 to £165,000 and for a one-bedroom flat I would say about £90,000,Ó she said.

ÒIt has definitely gone up recently because a one-bedroom place a year ago would have been about £65,000.Ó

First-time buyers may find it difficult to afford a property in Bordon but in surrounding towns Ð including Farnham, Alton and Petersfield Ð prices are even higher.

Over in Alton people would be lucky to get a property for £100,000.

Richard Goodeve, senior partner of Goodeve and Partners in Normandy Street, said it is a tough time for buyers.

ÒWe have nothing at all under £100,000 on our books and the chances of having anything on that level are pretty low,Ó said Mr Goodeve.

ÒIt is the one-bedroom places that are selling for round about £100,000.Ó

And he said the rate at which property prices are rising is ÒdauntingÓ.

ÒThis is one of the main reasons why property is not coming into the market,Ó he said.

ÒTwo years ago people could move. The people that already live in GU34 and GU35 post code areas and who want to move within that area are looking to move up in size, hence up in price.

ÒNow two years ago people could afford the gap, but taking into account the rise in price of their existing property and the rise in price of the next size up they are no longer able to afford it.

ÒYoung people who are trying to get up the first rung on the ladder canÕt afford it and people who want to move canÕt afford to move.

ÒFor £100,000 you could just about buy a one-bedroom place and there is nothing under that.Ó

The average two-bedroom maisonette or flat in Alton would cost £130,000, while a two-bedroom house would be around £140,000 and a three-bedroom house would start at around £175,000.

Meanwhile in Farnham buyers will be lucky to find a house for less than £200,000.

Jeremy Smith, assistant manager of Bells Potter Estate Agents in Farnham, said: ÒHomes under £100,000 are scarce. We do get homes in Aldershot for a little less but generally Farnham is expensive.

ÒA three-bedroom semi-detached would be around £200,000. We had one which went for £165,000 but that needed some work doing to it.Ó

While in Petersfield buyers willing to spend no more than £100,000 are looking at one-bedroom flats.

A spokesperson for Cubitt and West, in The Square, said: ÒWe have four properties on the books for under £100,000 at the moment and two of those are retirement flats.

ÒFor under that you are looking at one bedroom places for two bedrooms it would be over £100,000.Ó

And he said that there would always be a demand for smaller, cheaper properties.

ÒThey always sell quite quickly,Ó he said.

The average price of a three bedroom semi-detached in Petersfield would be around £170,000 while a one-bedroom flat would be sold for between £98,000 and £106,000.