The County You Live, Work And Play
Home For £1
The bargain £1 price is for a long-neglected, rundown three-bedroom flat which has a shared balcony, clipped gardens and a lot of renovation work required before someone could live in it.
Pictures advertising the property in Upperton, North Lanarkshire show the ceiling of one bedroom has caved in, with debris and litter left lying on the floor.
Meanwhile, the door to the dirty bathroom has collapsed off its hinges and the bare kitchen has been left to rot away.
Other properties in the block of flats have previously sold for more than £30,000.
Despite its obvious faults the online description of the flat hails it as an “exceptional property”.
The copy says: “Exceptional opportunity to purchase this three-bedroom top floor flat in a quiet residential area of Upperton. The property is comprised of entrance hallway, lounge, kitchen, vestibule, three bedrooms and family bathroom. There is also a shared balcony that can be accessed via the kitchen.
“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.”
Mandi Cooper, associate director of sellers Auction House Scotland, is confident that the property will sell when it goes to auction in Glasgow on 18 May.
She said: “What else can you even buy for a pound?
“Because it’s so cheap it’s ideal for someone looking to buy their first property.”