Derelict houses in Liverpool to be sold for just £1

by liamssoft | February 19, 2013 at 04:47 am

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The decision to let the homes go at the rock-bottom price comes after months of delays caused by the council's decision to break off talks with developer Leader1.

The firm had been in line to redevelop hundreds of homes in the "Granby Triangle" but city leaders pulled the £25m tender after the company failed to meet deadlines for signing the contract. Since it was revealed the deal had fallen through in November last year the boarded up homes have remained empty.

Now, the council proposes to sell off a cluster of houses for just £1 to residents - on the condition they will be brought up to a decent standard. Private landlords will also be able to bid for the tender to refurbish some of the vacant homes and then buy the freeholds for £1.

Last night, deputy mayor and council finance chief Cllr Paul Brant said: "This allows people who may be excluded from mortgages but have construction skills to play a part in the regeneration of their communities.

"It's been proven to work in other parts of the region. We've seen that the private sector model has not succeeded so far and, through this way of doing things, if there is any profit it will stay with local people."....Read more