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New owners get first look at Stoke-on-Trent £1 homes New owners get first look at Stoke-on-Trent £1 homes
(about 1 hour later)
Owners of homes being sold for £1 in Stoke-on-Trent have been getting their first look inside the properties.Owners of homes being sold for £1 in Stoke-on-Trent have been getting their first look inside the properties.
The city council put 33 homes up for grabs in a bid to revamp the Portland Street and Bond Street areas. The city council put 33 homes up for sale in a bid to revamp the Portland Street and Bond Street areas. The houses had faced demolition.
Successful applicants were offered a £30,000 loan to complete essential repairs. The money needs to be repaid within 10 years at an interest rate of 3% above the Bank of England base rate. Successful applicants have been offered £30,000 loans to complete essential repairs, which must be carried out.
One of the first new owners, Rachel Roberts, was pleased with her new home. New owners said they were pleased with the houses and said it was the only way they could afford to buy a house.
The 31-year-old said she would spend the next few months completing renovations to the house on Rutland Street. Bus driver Lawrence Poxon, 50, only discovered on Thursday he was eligible for a house.
He and his wife Teresa will find out on 26 October which one they will be allocated.
"You haven't got to scrape and save and worry about the rent or worry if the landlord will sell the home," he said.
"If it's going to fail, it will be down to the people who are here but really I think it's going to work."
One of the first new owners, Rachel Roberts, 31, has now seen her home.
She said she would spend the next few months completing renovations to the house on Rutland Street.
"There are two decent sized bedrooms, I'm really pleased."There are two decent sized bedrooms, I'm really pleased.
"I'm a bit excited. I can't believe it's happening. It's going to be an interesting few months.
"It's a really exciting project, getting involved in the community and upgrading the area," she said."It's a really exciting project, getting involved in the community and upgrading the area," she said.
Due for demolitionDue for demolition
Along with all other new owners, the full handover for the property is not expected to be completed until the spring. The full handover for the properties is not expected to be completed until the spring.
The city council's £3m scheme has been part-funded through a government grant to bring the properties back into use.
Anyone who works in the city, has lived there for three years and owns no other properties, was invited to apply.Anyone who works in the city, has lived there for three years and owns no other properties, was invited to apply.
In return, they were asked to commit to living in the area for five years and bring the homes up to modern standards. In return, they were asked to commit to living in the area for five years and to bring the homes up to modern standards.
The city council's £3m scheme has been part-funded through a government grant to bring the properties back into use.
Many of the houses now owned by the local authority were bought from private owners and were due to be demolished under the Pathfinder programme, which was scrapped in 2010.Many of the houses now owned by the local authority were bought from private owners and were due to be demolished under the Pathfinder programme, which was scrapped in 2010.
The application process started in April. Most of the properties are two-bedroom houses, although some are three-bedroom.The application process started in April. Most of the properties are two-bedroom houses, although some are three-bedroom.
A Stoke-on-Trent City Council spokesman confirmed 20 of the houses had now been signed over.A Stoke-on-Trent City Council spokesman confirmed 20 of the houses had now been signed over.
More than 600 people originally expressed an interest in the properties.More than 600 people originally expressed an interest in the properties.