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Four-Bedroom House With Three Living Rooms - For Just £1

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Liverpool man buys four-bedroom house with three living rooms - for just £1

onepoundhouse.jpg

A man in Liverpool has purchased a four-bedroom house complete with three living rooms, a cellar and two bathrooms - all for just £1.

Taxi driver Jayalal Madde, 49, purchased the property on Cairns Street, Toxteth, from Liverpool Council, who put 20 properties up for sale for just £1 a year ago.

After spending £30,000 on renovating the property, Mr Madde is now hoping to move his family in before Christmas.

article here....

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Yep this has being doing the rounds this week.

Apparently, according to the Daily Mail, its now worth 150k. Balls.

Its Lieverpool, whcih has and will continue to loose its population at a rapid.

Bte he'll move in asylum seekers before christmas.

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I like how the daily mail accepts how its a good thing that cheap housing was available to house people...then celebrates the proposition its now 'worth' £150,000...probably about 10 times the local median wage...

They really do have the memory of a goldfish. Or are just hypocrites.

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what a good news story,

sensible council - family home brought back into use.

Agree .......£150k made in months borrowed to buy in London £1 deposit. ;)

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Good news if you can find work in Liverpool. How long do you have to have been resident in the area to qualify?

It might be a good scheme on the face of it, but really it's just another government handout to politically favoured demographics based on arbitrary criteria.

If the council owns whole streets why on earth is it giving them away? It's like a 99% Right to Buy discount.

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