People are astounded as a luxurious house in Liverpool, England, worth 139,000 Pounds (Rs 1.5 crore), is set to be auctioned at a mere 1 pound (Rs 105). Scheduled for the end of January after a delay from December, the property on Wright Street, one of the city’s busiest streets, is generating significant buzz.
The studio apartment boasts a scenic balcony view and neighbouring flats are valued at around 139,000 Pounds (Rs 1.5 crore). Real estate agents affirm its potential for substantial future profits. The flat owner, a Hong Kong resident, aims to sell before departing the country, explaining the remarkably low auction price. However, potential drawbacks include shared kitchen facilities with other residents, a common kitchen for the building, a basement community room, and laundry facilities, alongside 24-hour CCTV surveillance. The location offers a quick 6-minute commute to Liverpool city centre but lacks parking space, with on-street parking as an alternative.
SDL Properties, the auctioning company, notes that the flat’s monthly rent in the area is only Rs 38,000. Additionally, a one-bedroom flat in the same neighbourhood is priced at 139,000 Pounds or approximately Rs 1.5 crore. The company reported a significant influx of applicants as soon as the auction opened, highlighting the property’s appeal.
This auction serves as a rare opportunity for potential buyers to secure a property in a prime location at an exceptionally low cost. It underscores the seller’s urgency to divest assets before departure, making this an enticing prospect for investors or homebuyers seeking a deal in the real estate market. The unique features of the studio apartment, including its balcony and proximity to Liverpool city centre, further contribute to its attractiveness in the property market. As the auction date approaches, interest is expected to intensify, reflecting the broader trend of real estate enthusiasts seeking valuable opportunities in a dynamic market.
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