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2 ultra-cheap UK shares I’d buy right now for 2022!

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I’m looking for the best dirt-cheap UK shares to buy for next year. Here are two top-value stocks on my shopping list today.

Making money with the property boom

Trading at Britain’s listed homebuilders has exceeded most expectations so far in 2021. Springfield Properties (LSE: SPR) has proved no exception as demand for new homes soars past supply.

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Interest in its affordable homes is rocketing and the Scottish homebuilder reported a record order book of £91.5m as of June. It’s possible that enquiries for cheaper properties will pick up the pace too, as soaring inflation puts household budgets under increasing stress.

I’m confident that home sales should remain strong in 2022 as low Bank of England base rates, Help to Buy support for first-time buyers, and intense competition among lenders benefits buyer affordability.

Though I am mindful that residential property demand might fall sharply following the removal of recent Stamp Duty breaks, pulling sales at the likes of Springfield lower. According to HM Revenue and Customs, home transactions slumped 52% month-on-month in October.

However, City analysts are expecting Springfield Properties to report solid and sustained earnings growth over the short-to-medium term right now. They are predicting bottom-line rises of 4% and 15% for the fiscal years to May 2022 and 2023 respectively. Consequently, the homebuilder trades on a forward price-to-earnings (P/E) ratio of just 10 times.

The good news doesn’t end here either. Current dividend projections leave Springfield sporting yields of 4.1% for this year and 4.6% for fiscal 2023. These figures both beat the 3.5% forward average for UK shares by a very decent margin.

Boxing clever

Springfield Properties isn’t the only mega-cheap UK share I’m thinking of snapping up today. Tritax Eurobox (LSE: EBOX) is another British stock I think offers terrific value from both a growth and income perspective.

A chronic shortage of new property is also affecting the commercial warehouse and logistics market. This means that, like residential developers such as Springfield, property companies like Tritax Eurobox can also ask top dollar for the space they provide.

The growth of e-commerce is turbocharging demand for the buildings that retailers, manufacturers and couriers need to get their product to the consumer. Tritax Eurobox is acquiring assets and land at a swift pace to make the most of this opportunity too. It’s sealed property deals in Sweden, Germany and Italy in the past few months alone.

City analysts reckon Tritax Eurobox’s earnings will rise 29% in the financial year ended September 2022. This leaves the company trading on a forward price-to-earnings growth (PEG) multiple of just 0.8. In addition to this, the property powerhouse packs a meaty 4% dividend yield too.

Mistakes in the acquisition process, like paying for an asset that turns out to be in a bad location, is a risk that Tritax Eurobox investors have to swallow. But I believe this danger is baked into the company’s low valuation right now.

5 Stocks For Trying To Build Wealth After 50

Markets around the world are reeling from the coronavirus pandemic…

And with so many great companies still trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.

But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be a daunting prospect during such unprecedented times.

Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…

You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.

That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away.

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Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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