Couple buy home for £1, now it's worth £70000

According to a report by iBTIMES, a couple has moved into Britain’s cheapest home which set them back just £1 but could now fetch up to £70,000.

Lawrence Poxton, 48, and his wife Teresa, 46, moved into the terraced property in Stoke-on-Trent, Staffordshire, after the council put 33 properties on the market for a pound in a desperate attempt to clean up the area.

The bus driver and his wife were picked from thousands of applicants to be the first couple to move into the homes - which they now estimate could be sold for up to £70,000.

 

The couple first applied to get the keys to one of only 33 houses available for £1 in March 2013.

After being selected from thousands of applicants, the lucky couple blindly picked their new home out of a model in November.

While other houses in the street are still boarded up, the pair have transformed their two-bed mid terrace into a modern home - with a spacious bathroom, roomy kitchen and plush carpets - as well as a feature staircase.

As the final licks of paint dry the ecstatic pair can finally move in to the first home they actually own.

Mr Poxton said: 'It’s like a dream come true for us.