‘Cheapest home in Britain’ goes on the market for just £1 – but there’s a bit of a catch…

  • We earn a commission for products purchased through some links in this article.
  • Got a spare quid kicking around? This property could be yours!

    A three-bedroom flat has gone on the market for the rock bottom price of £1.

    Yes, for less than the price of your daily caffeine fix you could be the proud owner of this North Lanarkshire property.

    But been warned, you’ll need a bit more cash and a hefty dose of elbow grease to get it ship-shape.

    The top floor flat has been neglected for several years, and is in serious need of some TLC before you could move in or rent it out.

    However, the property has certainly got potential.

    The three-bed, one-bath flat has a large 15 ft by 12 ft living room, a balcony and a shared garden, and other flats in the residential block in Upperton have previously sold for £30,000.

    Despite the hard work needed to turn this place around, Auction House Scotland describes the property as a ‘fantastic opportunity’.

    The listing online states: ‘The property requires significant upgrading throughout but offers huge potential for development.

    ‘On completion of works, this fantastic opportunity would be an ideal buy to let investment offering an outstanding potential rental yield.’

    The knock-down price is believed to be in place as the vendor is in a hurry to sell, but given the UK property market, it’s likely the flat will go for more than the £1 asking price.

    Last year, a one-bedroom flat on the Isle of Bute was also advertised as £1, but it was sold for £14,500.

    Fancy your chances? The auction will take place on May 18th in Glasgow. For more information, contact Auction House Scotland.

    All the latest from Ideal Home