Flat in UK city centre goes on sale for just £1 - but there's a catch

16 December 2023 , 18:38

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The apartment, essentially a single room, offers a chance for someone to get onto the property ladder at least (Image: SDL Property Auctions)

One flat is available for just £1, but there's a catch for any potential buyers.

A flat in Liverpool City Centre is on sale for the cheap, at only just £1 it's the 'cheapest property in Liverpool'. The en-suite pod room, located in Young Village on Wright Street, has been brought to auction by SDL property auctions with a guide price of £1 and no reserve.

The property however is essentially a single room, with a bathroom, and needs some TLC, consisting of a living/bedroom area and an en-suite bathroom. It also benefits from a communal living room with shared kitchen on the same floor and a laundry room in the basement.

The outside of the property (SDL Property Auctions)

The building has 24-hour CCTV, an intercom system, coded doors, and a caretaker who manages the communal areas, the Liverpool Echo reported.

There's no allocated parking but there is a good-sized car park area immediately in front. SDL Property Auctions suggest the room has a rental potential of £360 per month. The room will go to auction on Tuesday, December 19 at 10am.

London flat for rent for £1,400 a month with bed tucked away in kitchen cupboard

The listing reads: "Looking to invest in the Liverpool Property market? Check out this ensuite-type pod room with NIL RESERVE. With a potential rental of £360 pcm, this could be a high-yielding property investment."

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Abigail Nicholson