The cut price sales are part of a plan to bring 179 homes back into use in the Kensington, Granby and Picton areas of Liverpool.

The initiative include a pilot ‘Homesteading’ scheme which would see up to 20 properties being given to local people for £1.

Residents would then be expected to refurbish properties to Decent Home Standard and live in the property for five years without sub-letting it within that time.

The council will also transfer vacant properties to The Riverside Group who will refurbish them and offer them for sale at 25% less than market value.

The model has already worked in other parts of the city with The Riverside Group bringing 250 properties back into use.

Liverpool City Council’s Cabinet Member for Housing, Councillor Ann O’Byrne, said: “We think that these plans provide a really good foundation for the future of housing in Granby, Kensington and Picton.

“We want to find innovative ways of bringing properties back into use and attracting people back into our neighbourhoods – whether that’s through offering homes for £1, or working with Registered Providers to refurbish homes and selling them at discounted prices.

“Ultimately, it’s about driving forward housing renewal, investing in the future of our communities and doing everything we can to provide good quality, affordable housing for the people who need it most.”