PoundStore will be selling £2000 worth of high-priced items for just £1 this week when it opens its new store in Mitcham.

Opening on Friday, the store at 286 London Road will be cutting the price on everything from hoovers to television stands; but you have to be one of the first 205 people in line to get them.

“We believe that the UK customers want fantastic value for money at a £1 or less and we will offer that every day," PoundStore's managing director Gerry Loughran said.

"We look forward to welcoming the people of Mitcham and serving them exceptional value for money.”

The store will open up at 10am and close at 7pm.