See the Sunderland house up for sale with reserve price of just £1

This house in Tunstall Terrace is going under the hammer with a guide price of just 1
This house in Tunstall Terrace is going under the hammer with a guide price of just 1
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Fancy a new house on the edge of Sunderland city centre? Got a pound to spare? Then this is your lucky day...

Estate agent Andrew Craig is advertising the house, 25 Tunstall Terrace West, close to the Park Lane interchange, which is due to be auctioned off on Monday- with a guide price of just £1 and no reserve.

Anyone wishing to view the house will have to  sign a disclaimer and enter at their own risk

Anyone wishing to view the house will have to sign a disclaimer and enter at their own risk

The property, just off Durham Road, is being advertised as an investment opportunity.

Anyone who is interested can view the house between 9.30am and 10.30am tomorrow, noon and 1pm on Saturday and 11am and noon on Monday, ahead of the auction to be held at the Newcastle Marriott Hotel, Gosforth Park, from 7pm.

The estate agent's website includes the description 'Situated in the Centre of Sunderland close to University and Metro links. End terraced property requires upgrading.'

Just how much upgrading is perhaps indicated by the accompanying warning for prospective buyers: "A Health and Risk Assessment has been carried out upon the building and hazards of a serious nature were noted.

The house is just off Durham Road, close to Park Lane interchange and Sunderland University's Chester Road campus

The house is just off Durham Road, close to Park Lane interchange and Sunderland University's Chester Road campus

"Anyone wishing to inspect are required to sign a disclaimer and enter at their own risk."

To register interest and view a catalogue of the sale, visit www.andrewcraig.co.uk/

*So what else can you pick up for your hard-earned £1?

A swift check on the website of a leading supermarket offers much to tempt anyone with 100 new pence burning a hole in their pocket.

A pound will buy you four pints of milk (with a penny change) or two beef tomatoes.

Perhaps you'd prefer two soft, strong and highly absorbent Andrex Quilted toilet rolls, or a copy of Take a Break Magazine (with 6p to spare) to flicvk through on the loo.

And if you're peckish, it will stretch to one and a third loafs of white bread or two tins of Heinz baked beans.