Lifestyle A house has gone on sale in Britain for £1 — but there's a dangerous catch

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There is, as always, a small catch.

The three-bedroom Tunstall Terrace West house. play

The three-bedroom Tunstall Terrace West house.

(Andrew Craig)
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Those loose coins in your pocket may be enough to buy an entire house.

A three bedroom, terraced house in the centre of Sunderland, north-east England, is going to auction with a guide price of just £1 ($1.3).

Andrew Craig's estate agent is handling the sale, with the property being auctioned off on Monday evening.

Andrew Craig said in a listing: "Attention Buyers! No Buyers Premium To Pay! Guide price £1. Yes, you have read this correctly, £1 with no reserve."

There is, as always, a small catch.

A health and risk assessment found there were "hazards of a serious nature" at the property. Anyone who enters the house does so at "their own risk," it said, without elaborating. The property also requires "complete refurbishment."

The three-bedroom Sunderland house goes to auction for a guide price of just £1 on Monday, July 31 at 7 p.m.

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(Andrew Craig)

The city centre property is promoted as "an ideal investment," and is located close to the university and metro links.

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(Andrew Craig)

Some of the rooms, including the bathroom below, appear to be in relatively good working order.

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(Andrew Craig)

Others, though, are in need of a fair amount of "upgrading." Here's the kitchen:

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(Andrew Craig)

And this is another room, which appears to have a giant crack across the ceiling. It's not clear if this is the safety hazard the listing refers to.

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(Andrew Craig)