Derelict homes offered for £1 in Stoke-on-Trent
Derelict homes are being offered for just £1 as part of a scheme to transform a rundown area of Stoke-on-Trent.
Aspiring homeowners can apply to buy one of 124 £1 homes in the Cobridge area and for a loan of up to £30,000 to refurbish the property. More than 600 people have already applied for one of 35 properties forming the first part of the project.
The catch, however, is that they must be prepared to live in the property for at least five years before they can rent it out or sell it on, and to have a joint income of £18,000 to £25,000-a-year, rising to £30,000 for those with children. They must also have lived in the city for the last three years and cannot already own a home. Most of the properties have two bedrooms but there are some three-beds and flats.
Stoke-on-Trent Council is anxious to turn the area into a thriving neighbourhood and to rebuild community spirit.
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence: Despite defeat history may still point to Alex Salmond as the victor
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
£75 - £90 per day + negotiable: Randstad Education Group: Are you a cover supe...
£30000 - £35000 per annum: Ashdown Group: Marketing Manager (CIM, B2B, MS Offi...
£22000 - £25000 per annum: Ashdown Group: A highly successful organisation wit...
£1 per day: Randstad Education Leeds: Job Purpose To work closely with the he...