Homes for one pound

June 19, 2015

Liverpool City Council will open applications to sell more homes for £1 at the end of this June, this follows the successful  pilot  scheme where  20 homes in Granby Four Streets and Arnside Road were brought back to life by buyers who had paid just £1 to buy them, they were required to make a commitment to spend a further £30,000 on renovations.

From the end of June 2015, buyers will be able to apply for the homes if they live or work within the Liverpool City Council boundary, are in paid employment and are a first time buyer, they  will have to live in the property for a minimum of five years, must refurbish it to a decent standard and comply with the agreed schedule of works to be eligible.

Over 150 properties including two and three-bedroom houses in Garrick Street, Bird Street, Richardson Street and Webster Road will be sold for £1 to buyers who meet certain criteria under the Homes for a Pound Plus initiative.

More information available at the council’s website at www.liverpool.gov.uk

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Fall-throughs hit housing market for £1bn annually

The latest Fall-Through Index by the House Buyer Bureau has revealed that the number of fall-throughs in the UK fell by -25% in the final quarter of 2025, but the estimated total cost incurred still stood at £218.3m in those three months alone, pushing the total cost for the year to over £1bn. House Buyer…
Read More →
Breaking News

More tenants enter the rental market

Tenant demand climbs across England in Q1 as rental market pressure builds for letting agents The latest research by The Letting Partnership has found that tenant demand across England remained strong during the first quarter of 2026, with 27.4% of all rental listings already securing a tenant, meaning that the country’s hottest rental markets are…
Read More →
Estate Agent Talk

7 Ways Estate Agents Can Adapt to a Changing Property Market

The UK property landscape is evolving rapidly, and estate agents are under increasing pressure to implement innovative strategies. With shifting buyer expectations, new technologies, and alternative sales models entering the market, adapting your approach is essential. So, if you’re looking to see success with your agency, here are just seven key ways you can remain…
Read More →
Letting Agent Talk

Spring clean drives high maintenance bill for landlord

The latest market insight from property management specialist, Rushbrook & Rathbone, suggests that property maintenance spend is set to surge in April, as the annual ‘spring clean’ by landlords saw the month account for the second highest proportion of total annual maintenance spend in 2025, as well as the largest average spend per work order. Rushbrook…
Read More →
Breaking News

65% of homebuyers blame slow process on conveyancers

The latest research from Lyons Bowe reveals that 65% of recent homebuyers say the conveyancing process was the slowest part of their buying process, with a quarter saying the legal back and forth took more than 16 weeks to complete. Lyons Bowe commissioned a survey of 1,000 UK homeowners who made a purchase in the past…
Read More →
Breaking News

UK Construction Activity Collapses

Glenigan’s April Construction Index uncovers an industry struggling to cushion the blows from ongoing international conflict and a persistently weak economy. Work starting on-site declined by 17% compared to Q4, remaining 18% below 2025 levels. Residential construction starts dropped by 13% during the Index period and fell by 30% against 2025 figures. Non-residential project-starts dipped…
Read More →