The Mayor of Liverpool is handing over the keys to the first person in the city to receive a home for a pound.
The council is selling 20 derelict houses in Granby at a bargain price as a way to breathe new life into the area.
The lucky homeowners have had to show they are capable of doing the house up to a reasonable standard and must sign a contract to live in the property for five years and not sublet it.
The council estimates it will cost the new owners 35 thousand pounds to refurbish each house.
They have set a deadline of a year for the work to be completed
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