Stoke-on-Trent Council is selling off homes for £1

English people have tried to come up with a way to give modest, hard working individuals a place to live. One of the ways Stoke-on-Trent is making that happen is by offering unlovable homes for only one pound. Many people applied to be a part of this movement, but people closest to Stoke have been able to take up this offer. Stoke also believes that this offer will help regenerate run down parts of the city.

Key Takeaways:

This is not the first time the Stoke City Council has offered derelict properties for next to nothing.
Some previous property purchasers have been able to restore value to the homes with renovations.
Buyers who have regular work over the last year and meet minimum incomes are eligible to participate.

“First-time buyers who live, work or have family ties to Stoke are being offered the chance to get onto the property ladder for a quid”