Three bedroom house up at auction for £1 but buyers warned they enter at own risk

Prospective owners can only enter the property if they sign a disclaimer

Tunstall Terrace West (Andrew Craig Estate Agents )

A house is being offered up at auction for just £1 – but buyers are risking their safety if they enter.

The three-bedroom property in Sunderland has a starting bid of £1 and no reserve price.

But a closer look at the health and safety check, as detailed by the property's estate agent, found "hazards" of a "serious nature" and said: "Anyone wishing to inspect is required to sign a disclaimer and enter at their own risk."

The property description reads: "Attention Buyers! No Buyers Premium To Pay! Guide price £1. Yes you have read this correctly £1 with no reserve. For Sale by way of Auction - 7pm Monday 31st July at the Newcastle Marriott Hotel, Gosforth Park."

The terraced property, which is being sold with agent Andrew Craig, is situated in the centre of the city and is within close proximity of a university and metro links. But the end terraced property "requires upgrading."

Tunstall Terrace West, the inside of the property (Andrew Craig Estate Agents ) (Andrew Craig)

Tunstall Terrace West, inside the property (Andrew Craig Estate Agents ) (Andrew Craig Estate Agents)

Tunstall Terrace West, inside the property (Andrew Craig Estate Agents ) (Andrew Craig Estate Agents)

Other properties in the area, a mixture of two and three bedroom apartments and houses, can range from approximately £45,000 to over £180,000.

According to the Daily Mail, the property was on the website Zoopla in 2011 and available for rent at £595 per month.

The past month has seen UK house prices drop to their lowest since 2009, however research suggests growth across the UK’s biggest cities, despite Brexit.