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.
Wellcome Image Awards: The most striking images from the world of science, including breast cancer cells under chemical attack and a photographer’s own kidney stone
Missing Malaysia Airlines plane: Terrorism explanation 'cannot be ruled out', says CIA
Bob Crow death: 'Admired by his members, feared by employers' - Tributes pour in for RMT union leader and 'working class hero' Bob Crow
Oscar Pistorius murder trial: Athlete repeatedly sick as court hears 'graphic details' of Reeva Steenkamp's post-mortem
How climate change helped Genghis Khan: Scientists believe a sudden period of warmer weather allowed the Mongols to invade with such success
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
- 2 Family forced to flee home after discovering 'terrifying' nest of spiders in bananas
- 3 First Kiss: Filmmaker gets 20 strangers to make out on YouTube with awkward results
£20000 - £25000 per annum: Inspiring Interns: One of the largest mobile advert...
£20000 - £23000 per annum: Inspiring Interns: Our client specialises in creati...
£30000 - £50000 per annum + Very Competitive Salary: Austen Lloyd: Private Cli...
£30000 - £35000 per annum + Very Competitive Salary: Austen Lloyd: Residential...