Homes for one pound

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.

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