A TWO-bedroom bungalow could be yours for just £1 – but it comes with a catch.
The semi-detached property is close to the centre of the former mining town of Shildon in County Durham.
It was originally sold for £49,000 in 2006 but now 2 Dalton Cottages is going up for auction with a reserve price of just £1 to ensure a quick sale.
The 1930s building boasts gas central heating, double-glazing throughout and has been refurbished with new carpets and flooring.
Bizarrely, the property also comes with two original brick out-house toilets in the spacious yard at the rear.
The bargain bungalow will go under the hammer on June 30 and is being touted as an excellent option for first-time buyers or down-sizers.
A spokesperson for Agents Property Auction, who are handling the sale, said: “This semi-detached property is available with no onward chain and is well located close to the town centre.”
“It is ideally suited to a wide variety of potential purchasers including first time buyers, down sizers and investors alike.
“It has gas central heating via combi boilers and radiators, double glazing throughout and has a pleasant aspect to the side.
“It has been redecorated throughout and has had brand new flooring recently installed.
“Despite it’s knock-down price, the property also boasts a large living room with bay window, two bedrooms, including one which opens to the garden.
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The auctioneer added: “At the back of the property there are two brick built outhouses which are useful for storage as well as a low maintenance garden.
“Dalton Cottages is a mature residential area located a short distance from many local amenities as well as the Shildon Railway station.
“The town centre is also a very short distance away which features a wide selection of facilities.”