UK’s cheapest homes to sell for just £1

THESE are Britain’s cheapest homes – set to go on sale for just a POUND.

 

The Victorian terraced houses were originally bought for as much as £70,000 EACH – but are now being offered at the rock-bottom price to DIY enthusiasts.

Each buyer will have to prove they can bring the house up to scratch using “construction skills” before they can own the property.

Homes in the Granby Triangle area in Kensington, Liverpool were part of former Deputy Prime Minister John Prescott’s plan to destroy thousands of homes across the country.

UK's cheapest ... homes for a pound

Mercury Press & Media

Under his regeneration Pathfinder scheme, around £2.2bn was blown on buying and demolishing homes – but not enough new homes were built for the displaced occupants.

Residents in the Granby area fought to save the properties and now the city council has agreed to sell them to locals who will be able to revamp them.

As part of the initial pilot scheme, 20 houses will be offered for sale to residents for £1.

Derelict ... the homes are being sold to DIY enthusiasts to be revamped

Mercury Press & Media

Liverpool’s Deputy Mayor and Finance Chief Cllr Paul Brant said: “This allows people who may be excluded from mortgages but have construction skills to play a part in the regeneration of their communities.

“We’ve seen that the private sector model has not succeeded so far and, through this way of doing things, if there is any profit it will stay with local people.”

Jonathan Brown, spokesman for the Merseyside Civic Society, said: “We fought against Prescott’s scheme and it’s great to have won all these years later.

“Local people have been let down over and over again for decades.

“I hope this now rolls out to other areas of the city in desperate need of regeneration.”

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