UK’s cheapest flat goes on sale for just £1…. but there’s a catch hidden in the fine print – would you make an offer?

BRITAIN’S cheapest level has gone up for merchantability for conscionable £1 - but there’s a drawback hidden.

The one-bedroom, 1 bath property, successful Birmingham, has deed the marketplace for little than a tin of fare coke.

However, it’s acceptable to beryllium sold astatine auction and has lone 5 years near connected the lease, reports Luxury Property News.

The flat, located connected the 3rd level of an awesome building, is presently vacant.

While the exterior of the building, is polished and modern, the interior is successful request of important renovation.

Potential buyers should beryllium prepared to re-tile, repaint, and regenerate the flooring passim to bring the location up to standard.

Although the level is listed astatine conscionable £1, determination are important hidden costs involved.

The yearly work complaint is £1,374, and further fees see an admin interest of £1,200(£1,000 positive VAT) positive a buyer’s premium, which volition besides acceptable you backmost different £1,200 (£1,000 positive VAT).

Buyers are besides advised to reappraisal the ineligible battalion carefully, arsenic further fees-estimated to beryllium nether £500-may apply.

The level volition beryllium sold astatine auction successful Coventry connected Thursday, November 21, astatine the Village Hotel.

While the terms tag is enticing, buyers are advised to peek astatine the ineligible battalion for immoderate further fees.

If you are looking to get connected the spot ladder without breaking the bank, knowing wherever to find the UK's astir affordable and cheapest areas is key.

Whether you're a first-time purchaser oregon an capitalist hunting for a bargain, immoderate locations connection amazingly debased prices that marque homeownership much accessible.

Here's a database of the cheapest places to bargain spot successful the UK close now.