A man in Western Sydney has put a $1 reserve on his four-bedroom house.

The 33-year-old transport worker wanted his house at 230 Blacktown Road in Blacktown, Western Sydney to go out with a bang and do something memorable in the run up to its auction, deciding to call his agent and lock in the reserve price of $1.

Despite his agent telling him it was a bad idea, Mr Tyagi went ahead with his plan, claiming he wanted to do something special and believes he will make a huge profit.

'My family think I'm crazy, my wife thinks I'm nuts,' Mr Tyagi told Daily Mail Australia.

'We wanted to do something different, we wanted to do something fun that hasn't done before and for it to be memorable for someone who is buying the home.'

Mr Tyagi said he and his wife Maria never wanted to sell the house in the first place. When their circumstances changed and they were forced to put the house up for auction, Mr Tyagi saw it as an opportunity to have some fun.

'We didn't really want to sell the property in the first place so when it came about that we did have to sell and we said we might as well do something different, something special.

The couple bought their 576 square metre house in 2004 for $300,000 and hope to sell for between $500,000 and $600,000.

While Mr Tyagi said he is slightly worried about the prospect of his four-bedroom two-bathroom home actually being whipped off the market for $1, he said he will just have to deal with it if it happens. The father said he knows of the risks involved but believes he had a good chance of making a profit due to the booming property market.

'There's a fair bit of buyers in the market  and we're hoping to achieve a fair price for us and for the buyers. We're not expecting something that's above market price but we're hoping we can achieve something fair.' he said.

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