LONDON: Imagine being able to buy a property for less than the price of an adult bus fare. Well now you can because this two-bedroom house been put on the market. And it only costs £1. The terraced property, in Sacriston, Durham, has an entrance hall, living room, kitchen and dining room and a rear porch. It also has a basement and is conveniently located near several schools, rated outstanding by Ofsted. Sounds wonderful but as always with these things there’s a catch. Pictures show peeling wallpaper, dirty carpets and old furniture. But if you can look past that and see the enormous potential, you could have yourself a cheap and (would-be) cheerful new pad. Michael Hughes, manager for estate agents Robinsons which is auctioning off the property, said the property belonged to someone who died several. He said: ‘It is on a nice terrace in a popular village which isn’t far from Durham city centre, Chester-le-Street town centre and is near the A1. ‘The house could be really beautiful.’ Other properties in the area range from £70,000 to £100,000 but this house is set to be sold between £30,000 to £40,000. Mr Hughes added: ‘The market is very buoyant in the North East at the moment but we decided to put the house up for auction for £1 as it was hard to put a specific price on it. ‘This is the fairest way to get the best possible price and also allow anyone the opportunity to purchase it.’ The auction will take place on April 4.