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One-bedroom flat in Liverpool goes on sale with a starting price of just £1

A one-bedroom flat could become the cheapest home in Britain when it goes on sale later this month - because it has a starting price of just £1.

The property in Liverpool is being put up for auction by an online house-buying company, hoping that the low starting price will help attract potential buyers.

But anyone hoping to snap up a new home at a bargain price will have to make sure they've got deep pockets as the flat needs an estimated £8,000 of renovations.

House Buy Fast, which claims to be an alternative to estate agents, bought the property and is now hoping to sell it on quickly at auction.