A young couple have bought Britain’s cheapest home for just £1 as a part of a scheme by a local council. Rebecca Dennis and Chris Benn snapped up the bargain property in Stoke on Trent and the council will invest a further £30,000 to renovate the property. Rebecca and Chris will then spend the next 10 years paying back this loan. The scheme aims to rejuvenate run-down areas. In order to qualify, the tenants must live in the house for at least the next five years, and an household income of between £18,000 and £25,000.
Key Takeaways:
- A young couple in Stoke-on-Trent bought a house for just a £1
- The purchase is part of a scheme run by the council to rejuvenate run down areas in the town.
- Anyone buying a £1 property will need to live in it for five years, and have a household income between £18,000 and £25,000.
“Rebecca and Chris of Stoke on Trent, were thrilled when they landed a place on Stoke-on-Trent city council’s home ownership scheme which offers residents the chance to buy a house for £1.”
https://www.mirror.co.uk/news/uk-news/young-couple-buy-britains-cheapest-9756572