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Britain's Cheapest Home Could Be Yours For As Little As £1

Britain's Cheapest Home Could Be Yours For As Little As £1

Bargain.

Mark McGowan

Mark McGowan

At the moment, I could do with the price of living coming down.

Not only does rent fuck me over every month, but it's impossible to simply live off lager and KFC, so I have to buy proper food and lots of other essential crap.

A lot of you probably feel the same way, so buying Britain's cheapest home for just £1 presumably sounds mouthwatering to you.

A three-bedroom flat in Upperton, North Lanarkshire could be yours for as little as that, as it has just gone on the market at the same price as a loaf of bread.

However, there is a bit of a drawback - it's a bit of a shit tip.

Credit: SWNS

But, you know, you've seen 'Homes Under the Hammer', right? Miracles can happen.

If you do wish to renovate the property, you'll have your work cut out for you as the ceiling of one bedroom has caved in, the place is covered in litter, the bathroom door is coming off its hinges and the kitchen is pretty much just rot.

A description of the flat on Auction House Scotland reads: "The property is comprised of entrance hallway, lounge, kitchen, vestibule, three bedrooms and family bathroom. There is also a shared balcony that can be accessed via the kitchen. The property requires significant upgrading throughout but offers huge potential for development. On completion of works, this fantastic opportunity would be an ideal buy to let investment offering an outstanding potential rental yield."

I've always loved the Scottish sense of humour, and 'outstanding potential' epitomises it.

Credit: SWNS

Gillian Cochrane, director at Auction House Scotland, revealed it wasn't the first time that they've put a property up for sale for £1, but isn't a technique they frequently use.

She said: "We have done it once before and the flat sold for £14,500 to a London-based property manager. It's a not a strategy that we'd use for all types of property. It's very run-down and the seller is desperate to get a quick sale - it's a one-off."

Credit: SWNS

Mandi Cooper, associate director of sellers at Auction House Scotland, is very confident that despite the flat's condition it'll be snapped up for an ultra-low price.

She said: "What else can you even buy for a pound? Because it's so cheap it's ideal for someone looking to buy their first property."

Any takers on this?

Words by Mark McGowan

Featured image credit: SWNS

Featured Image Credit:

Topics: Home, Scotland, House