A two-bedroom flat in Cumbria could be yours for just £1.
The flat, on Barrow Island, is on the third floor of a Victorian tenement and is going up for sale with a £1 minimum bid.
National estate agent GetAnOffer is marketing the property on Schooner Street, which will be available to bid on from Monday.
Tom Cranenburgh, partner of GetAnOffer said “It’s a great chance for someone to get on the
property ladder.
“We expect interest from buy to let investors as its close to BAE Systems – 9,500 people work
at the historic dockyard owned by BAE but I’d love to see it sell to owner-occupiers, just starting
out.”
He said the firm was asking for £1 for the flat because it needed a lot of work.
He added: “The flat needs redecorating internally and externally, the block is undergoing a
program of renovation like the rest of the local area to get it back to its former glory as it was left
pretty unloved until recently.
“A new management team are doing a great job to get it back up to scratch.
“With the average house price in England reaching new highs of £256,000 this could be a chance to
buy a property for fraction of that price.
“There’s only one downside – I don’t think its possible to get a £1 mortgage!”
