Derelict property for auction for.... £1!!

The guide price for this fire damaged property in Tredegar is set to start at just £1 as the property has no reserve.

The house in Tredegar, South Wales  is the ultimate "fixer-upper" after it was ravaged by fire and only has a small section of its roof remaining.

Bargain hunters are being urged to snap it up for just some loose change in Tredegar, South Wales - as it could be worth £50,000 with a makeover.

However, the long list of problems will put off many buyers.....

Sean Roper from Paul Fosh Auctions said: "The property has serious fire damage, with only a small portion of the roof remaining, so it's not safe to view. It is sold as seen. It was a buy-to-let property in the past, so may suit an investor if they are willing to do the extensive work.

"If the potential new buyer is thinking of putting it on the market once they have worked on it, properties like this in the area sell for approximately £50,000."