This two-bedroom house could be yours for only £1.

A County Durham home is set to go on auction with no reserve and a starting bid price of just £1.

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It means the home could be snapped up for less than the price of an average loaf of bread, which stood at £1.36 in November.

The Northern Echo: The living room of the property.The living room of the property. (Image: NORTHERN ECHO)

The two-bed property in Peterlee comes with a loft room, large rear yard and solar panels fitted on the roof.

In need of renovation throughout, the end-terrace on Delavale Close could be a perfect investment opportunity or rung onto the property ladder for a buyer willing to take on a project.

The Northern Echo: The kitchenThe kitchen (Image: NORTHERN ECHO)

The Echo understands that the property was previously repossessed, has had its electricity disconnected and will require major works.

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Water outlets in the affordable abode are also covered by ‘do not use’ tape.

The Northern Echo: The bathroom.The bathroom. (Image: NORTHERN ECHO)

Online bidding opens on January 21 at 10am and closes on January 26.

As with any auction property, auctioneers Town and County Property Auctions are urging any prospective buyers to read the small print online and view the address in advance.

The Northern Echo: Curb appeal... Could this be your new front door?Curb appeal... Could this be your new front door? (Image: NORTHERN ECHO)

The Northern Echo: The end-terrace is fitted with solar panels. But prospective bidders will need to check whether these were disconnected with the electric.The end-terrace is fitted with solar panels. But prospective bidders will need to check whether these were disconnected with the electric. (Image: NORTHERN ECHO)

An open house day will be held this Saturday (January 14) for potential bidders to look around. An online listing warns “viewers will enter at their own risk”.

Further enquiries can be made on the Town and Country Property Auctions website.

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