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.
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A sunny but chilly start. Cloud increasing with a little rain affecting northern and western areas, especially over the Derbyshire hills.
After a mainly dry, and locally chilly start, cloud will thicken, with some patchy rain possible across northern counties.
Becoming generally dry overnight with clear spells. A sunny but chilly start tomorrow. Cloud increasing with a little rain for some.