A property in Preston is going to auction at a staggeringly low price.

Located in George Street, in Frenchwood, the terraced house has been listed on Rightmove at a price of just £1.

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Auction House North West have marketed the property and have established the guided price.

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The property, which is an end terraced house, is in much need of renovation.

It is situated in an ideal location, within close proximity to the city centre.

Currently there is no access for viewings as the property has not been inspected internally and internal accommodation cannot be verified.

An Energy Performance Certificate (EPC) has been ordered and paid for, which will be carried out as soon as access is made available.

You can view the property here.

Have you visited Preston city centre recently? What do you think about the house up for sale at £1? Let us know in the comments below