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Living in London left me £10,000 in debt and I cleared it by buying an 85p house
Summary
A 33-year-old said he moved from London to Sicily, bought a run-down one-euro (about 85p) house, renovated it and cleared roughly £10,000 of debt while earning income from social media and property work.
Content
A man from London says he accumulated about £10,000 in debt while living and working in the city and later moved to Sicily. He purchased a one-euro (about 85p) house in Mussomeli in December 2022 and renovated it over a period of time. He reports that income from social media, seminars and some sales helped him pay off the debt and support further work on properties. He now owns two homes in Sicily and is developing them as rental or studio units.
Known details:
- The individual reported roughly £10,000 of debt after losing a night-shift job and facing high living costs in London.
- He bought a run-down three-bedroom property in Mussomeli, Sicily, via a one-euro scheme in December 2022 and said he spent about £2,000 on renovations.
- He owns a second three-floor property that he is converting into studio flats while living in the first house.
- He says he generates income from social media content, paid seminars, and selling items found during renovations, which he reports helped clear his debts.
Summary:
The account describes a move from London to Sicily and the purchase and renovation of a low-cost one-euro property as central to reducing personal debt and changing his income sources. He is continuing renovation work, selling a paid guide and running seminars, and plans to acquire additional properties as part of a longer-term property project.
