House up for sale with starting price of £1

A house is being auctioned with a guide price of £1, however, it comes with a big catch.

However, the homebuyer would have to be someone brave enough to deal with the "hazards of a serious nature" that come with the property situated in Sunderland, North East England.

Anyone who views the property has to sign a disclaimer that they are entering at their own risk.

According to Sky News, the sales brief for the house reads: "Attention buyers! No Buyers' Premium To Pay! Guide price £1 with no reserve. Yes you have read this correctly £1 with no reserve. (sic)"

Anyone willing to risk the dangerous features of the house on Tunstall Terrace West in the city best head down to the Newcastle Marriott Hotel in Gosforth Park from 7pm this evening.

Follow Emirates 24|7 on Google News.