£1 housing scheme in Stoke

Twenty council houses in Stoke-on-Trent have been sold for £1 each, and another 13 are still for sale. The scheme is to help regenerate rundown properties in the Portland Street area of Cobridge.

Latest ITV News reports

Buy a house for a pound: find out if you are eligible

To be eligible for one of the houses being sold for a pound in Stoke-on-Trent you must:

  • Have a right to reside permanently in the United Kingdom.
  • Be currently working at least 16 hours per week and have been in continuous and secure employment or self-employment for the last two years.
  • Not own property whether in Stoke-on-Trent or elsewhere.
  • Currently reside and have had your primary home in Stoke on Trent for the last 3 years immediately before the application.
  • Have a gross income or a joint income of at least £18,000 and not more than £25,000 per year or £30,000 per year if you have dependent children.
  • Agree to reimburse the Council for the improvement costs, with the Council providing low interest financial assistance.
  • Intend and undertake to occupy the property as your main and principle home for a minimum period of at least five years.
  • Not own assets valued at more than £10,000 in aggregate.

For full details of the eligibility criteria go to the Stoke on Trent city council website.

Council shocked at global interest of £1 house offer

Stoke-on-Trent City Council worker Zainul Pirmohamed is the woman who came up with the idea to sell terraced houses for just £1.

She told ITV News Central reporter Chris Halpin how shocked she is the scheme now has global interest from places as far away as India, China and Australia, with foreign authorities looking at how they could adopt a similar project in run down communities abroad.

Watch again: First look for residents inside their £1 homes - full report

Advertisement

£1 house neighbourhood previously had drug problem

Michael Williams has lived in the area of Stoke-on-Trent where houses are being sold for £1 since 1988.

He says in recent years Cobridge gained a bad reputation for anti-social behaviour and drugs, but hopes the new council scheme to sell houses for £1 will give the area the boost it needs.

He hopes the new tenants will take pride in the community, and it will bring more investment to the area.

Residents confident £1 houses will improve the area

Tax worker Gavin Pierpoint has been successful in his application for a £1 house in the Cobridge area of Stoke-on-Trent.

Thirty-three houses owned by the council have been put up for sale for the tiny price to try and regenerate the area, where many of the terraced properties are boarded up and empty.

ITV News Central reporter Chris Halpin asked Gavin if he was concerned about living in what is now a run down part of the city.

New tenants must help regenerate the community

Rachel Roberts says she's really looking forward to moving into her £1 house in Stoke-on-Trent.

The 31-year-old graphic designer got to see inside her new home on Rutland Road in the Cobridge area of the city for the first time today.

But she explained that part of the deal to get the house for just £1, is to have a proactive role in building the community spirit, as well as a new home for herself.

First look for residents inside their £1 homes - full report

by Chris Halpin

Today the first people to buy a house from Stoke-on-Trent City Council for just one pound, got to see inside their future homes.

Each new owner will take out a 30 thousand pound loan from the council to get the properties done up and pay it back in instalments.

And as Chris Halpin reports, the project now has international interest as far away as China.

Read more: How to apply for one of Stoke's remaining £1 houses

Advertisement

Couple stuck renting for 10 years bag a £1 home

A couple born and bred in Stoke-on-Trent are among those who have been told their bid to buy a £1 house in their home city has been successful.

Lawrence Poxton, aged 48, and his wife Teresa, 45, have lived in a private rented house for 10 years - but are now property owners thanks to the scheme.

Teresa and Lawrence Poxton have bagged their own home for just £1
Teresa and Lawrence Poxton have bagged their own home for just £1 Credit: ITV News Central

They say they want to invest for their future and help rebuild the community.

A total of 20 houses have been sold under the £1 scheme, with more up for grabs.

See the houses going for just £1 in Stoke-on-Trent

People who have bagged a bargain new home for just £1 are today viewing their properties.

Twenty council houses in Stoke-on-Trent have been sold for £1 each, and another 13 are still for sale.

Rutland street in Cobridge where £1 houses are on offer
Rutland street in Cobridge where £1 houses are on offer Credit: ITV News Central

The scheme is designed to help regenerate rundown properties parts of Cobridge.

Buyers have to take on a £30,000 loan to improve the houses.

Load more updates