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£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.

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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.

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