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  1. ITV Report

Houses for sale in Stoke for £1

Some of the homes up for grabs under the scheme Photo: ITV News Central

The third phase of a £3million scheme to regenerate run-down areas of Stoke-on-Trent by selling old houses for just £1 has launched today.

The aim of the high-profile project - which has initially seen 35 rundown houses in the city gone up for sale - is to revamp empty council-owned properties which have fallen into disrepair.

In total, 124 long term empty homes in Portland Street and Bond Street will be brought back into use.

Homes in Portland street and Bond street will be brought back to use Credit: ITV News Central

To be in with a chance, residents have to fulfill a number of criteria including not already owning a property and having had their primary home in Stoke-on-Trent for the last three years.

They must commit themselves to taking on £30,000 loan to upgrade their new home. The council is commissioning the improvement works and ensuring a certain level of quality is maintained.

Teresa and Lawrence Poxton were among those who bagged their own home for just £1 under the first round of applications Credit: ITV News Central

The city council is now encouraging eligible residents to submit their application forms.

For more information, visit the Stoke-on-Trent city council website.