A one-bedroom terraced bungalow in Bishop Auckland is headed for auction with a guide price of just £5,000.
The property, on Kimberley Street in Coundon Grange, features an entrance hall, living room, kitchen, storeroom, and bathroom.
Listed by Auction House South Yorkshire, there is on-street parking at the front of the bungalow and an enclosed yard at the rear.
The auction, taking place on July 16 could provide the winning bidder with the potential to gain around £525 per month, or £6,300 per year in rent after a renovation.
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The location in Coundon Grange is conveniently situated near a primary school, convenience store, and doctors.
The tenured freehold property also carries a non-refundable buyer's premium of £1,200 and an administration charge equivalent to 0.3 per cent of the purchase price.
The guide price isn't a guarantee of the final sale price, the auction house clarified, although the small price may prove enticing for those in the North East looking for a cheap fixer-upper.
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