Houses sell for a pound.

Stoke council are selling houses for a quid. You cant get on a bus for a quid in Sheffield.

Not the first time they've done it either if memory serves??

Good way of quickly regenerating an area, the buyers commit to living there for a number of years to prevent BTL and others scooping them up.

I believe the buyers have to get them in to a reasonable condition within a limited. time scale if they need stuff doing them. Newcastle did a similar scheme a few years ago

sheffield have done it before, dont think they were a quid tho

Like previous similar schemes I believe that the owner must also be the occupier for a number of years.

Manchester also did it a few years ago.

Like previous similar schemes I believe that the owner must also be the occupier for a number of years.

No these were stood empty. It is a scheme to help the housing crisis. The concil part refurb the property, The new tentant over a priod of time pays the council back what the council has spent then the tenant pays for rest of the refurb.

Like previous similar schemes I believe that the owner must also be the occupier for a number of years.

It's five years.

Great idea.

Surely that's better than having them stand empty and derelict.

Great idea.

 

Surely that's better than having them stand empty and derelict.

True. The reports on bbc news tonight.

Great idea.

 

Surely that's better than having them stand empty and derelict.

I think it’s a terrible idea.

Sheffield city council has past experience of giving away assets for a measly quid and it didn’t end well at all

Do you think they’ll collect the £1 this time ?

Great idea.

 

Surely that's better than having them stand empty and derelict.

Stoke council have bought 12 vacant houses, and are possibly going to compulsorily purchase some more. Part of the deal is prospective buyers pay back £60k to the council over 15 years. There are quite stringent conditions for would be buyers, a local connection being one.

The previous scheme they ran has worked well, helping regenerate a run down area. No BTL landlords would qualify. I think it's a good idea, empty, run down properties are a blight on any neighbourhood.

(My iPad isn't working too well or I'd have added a link.)