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‘My £1 house is now worth £120,000’

The owner of a £1 house in Liverpool has told BBC Radio 5 Live “it’s the best thing that has ever happened to us".

Debbie Hodge and her husband bought one of around a thousand properties available for £1 under a scheme run by the city council.

Residents had to apply to buy the run-down properties, on the condition they did them up within 12 months and they have to actually live in them afterwards.

Under the purchase agreement, buyers must pay 25% of the proceeds to the council if they sell up within five years.

This clip is originally from The Emma Barnett Show on Tuesday 21 January 2020

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3 minutes

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