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

Seaside Properties UK
Breaking News

Isle of Wight best sun-seeking hotspot for homebuyers

Isle of Wight ranks as most affordable sun-seeking hotspot for homebuyers The latest research from over-50s property specialists, Regency Living, reveals that in the UK’s sunniest county, homebuyers are paying an average of £835 for every minute of daily sunshine. For some homebuyers, living in a place that offers warm weather and sunshine is a…
Read More →
Coastal and sea front property
Breaking News

Coast to city cuts property values by £4,300 per minute

Commuting from coast to city can save homebuyers as much as £4,300 per minute New research from Yopa, the full-service estate agents, has revealed where the nation’s homebuyers can secure a coastal lifestyle whilst also remaining within commutable distance of a major city, saving themselves hundreds of thousands of pounds in the process. Yopa analysed…
Read More →
Breaking News

Time is running out’ for property industry to take web accessibility seriously

Leading expert ahead of June 2025 regulation overhaul says ‘Time is running out’ for the property industry to take web accessibility seriously. Leading digital accessibility expert urges property sector to ‘act now’ ahead of June 2025 regulation overhaul He warns that web accessibility and inclusivity should be part of a long-term strategy and shouldn’t be…
Read More →
Breaking News

Renters’ Rights Bill parliamentary progress

The Renters’ Rights Bill has completed its Committee Stage in the House of Lords and will move on to the Report Stage imminently. Allison Thompson, National Lettings Managing Director of LRG, comments on the progress of the Bill: “As the Renters’ Rights Bill completes its committee stage in the House of Lords, it is disappointing…
Read More →
Kerb appeal
Breaking News

Housing Market Surges as Stamp Duty Changes Drive Buyer Activity

UK Finance today releases its latest Household Finance Review for Q1 2025, which explores trends in household spending, saving, and borrowing. Mortgage lending surged in the first quarter of 2025, driven by homebuyers seeking to complete purchases before changes to Stamp Duty took effect in April. Household savings continued to grow, particularly in notice accounts…
Read More →
Breaking News

Mortgage Approvals Down in April

The latest figures show that: – Mortgage approvals on house purchases for April sat at 60,463 down (-4.9%) from 63,603 in March. This signals four consecutive months of decline. Approvals are also lower (-2.1%) than the 61,740 seen in April 2024. Despite the decline, there is still optimism for growth in the coming months, especially…
Read More →