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.
More top news
A dry, bright and sunny start to the Bank Holiday weekend for most.
A dry bright and sunny start for most on Saturday. Some scattered showers will develop inland through the late morning.
A cold and frosty start to Saturday, though with some sunny spells. Showers then breaking out by afternoon.