£465,000 English home heads to auction for £1 after landslip, with occupancy ban in place

The owners have listed the house at auction with a £1 guide price and no reserve, hoping to cut their losses after the landslip. A house with four bedrooms, multiple living rooms and a private driveway would usually attract buyers looking for space and a quieter pace of life. But one property in the English seaside town of St Leonards-on-Sea is being offered for less than the price of a cup of coffee. Its guide price is just £1, and the reason has little to do with the condition of the house itself. A devastating landslip destroyed its garden, leaving the property uninhabitable and its future uncertain, states an online report by Domain.From dream home to an uncertain futureAccording to Domain, the two-storey brick house was purchased by a couple in December 2020 for £465,000. With four bedrooms and approximately 126 square metres of living space, it offered the kind of room and potential that could make it a long-term family home. The owners had plans to modernise the property and make it their own. Those ambitions took a dramatic turn in February 2024, when a major landslip tore through the backyard, sending the garden more than 15 metres down a slope.The outdoor space had previo...