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Reading: Flat in major UK city up for auction at just £1 – but there’s a catch
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outside the £1 flat located in the centre of Liverpool available is up for auction.
Property

Flat in major UK city up for auction at just £1 – but there’s a catch

Katie Dollard
Last updated: 2024/01/18 at 3:24 PM
Katie Dollard
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3 Min Read
The £1 flat. (Picture: Jam Press)
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A flat located in the centre of Liverpool has been put up for auction with bids starting at just £1.

With property prices soaring in the UK, people are looking out for steals and deals – and this may very well be the best one on the internet.

The small studio can be found on Wright Street, situated in the Young Village, and has its own en suite.

As can be seen in the listing, the front door takes you straight into the kitchen, which is open plan through to the lounge area.

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READ MORE: London’s dire property market strikes again as flat with shower ATTACHED to KITCHEN dubbed ‘excellent value for money’

Inside the £1 flat located in the centre of Liverpool available is up for auction.
Inside of the £1 flat. (Picture: Jam Press)

There is then a door that leads to the one bedroom.

But… there’s a catch (or two).

The place requires are good clean and will need some TLC from its new owner.

You’ll also share communal areas with others and there’s no parking – but on the plus side, residents will get 24-hour security and have a caretaker to look after the building.

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“Looking to invest in the Liverpool Property market? Check out this ensuite-type pod room with NIL RESERVE,” the description reads.

Inside the £1 flat located in the centre of Liverpool available is up for auction.
The Bedroom. (Picture: Jam Press)

“Check out this ensuite-type pod room with the benefits of communal living rooms with shared kitchens on all floors and a laundry room in the basement, with washing machines and dryers for your convenience.

“The building has 24-hour CCTV in operation with an intercom system and coded doors for your safety and security.

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“And a caretaker who manages the communal areas of the building.

“There is no allocated parking with the property, but there is a good-sized car park area immediately in front of the property.

“Young Village is a contemporary building just a six-minute drive from Liverpool city centre, giving you fast access to all Liverpool offers.”

The ad also boasts that the property could be an investment for landlords, offering a potential rent income of £360 per month in a high-yield area.

The listing on SDL Property Auctions for the £1 flat.
The listing on SDL Property Auctions for the £1 flat. (Picture: Jam Press)

It is currently the cheapest flat available on SDL property auctions.

In fact, it’s £150,000 cheaper than the average flat in Liverpool.

The flat is available to bid through the auction site online on Wednesday 31 January at 10 am.

READ MORE: ‘Dungeon’ London studio hits market at bargain £155,000.. but it’s just bare brick walls and a single toilet

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TAGGED: auction, home, property, renting, Studio flat, uk

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