This listed house is on the market for £1... what's the catch?

There's quite a bit of work to be done

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Listed house on the market for £1... what's the catch?

Just a stone's throw from the town centre and all the local amenities, this home is up on the market for just a quid.

The nominal fee as the guide price for the three-storey house in Kilmarnock represents there is quite a bit of work to be done.

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It's a bargain befitting of Dion Dublin's eye on Homes Under The Hammer with the potential to turn around a tidy profit with some care and attention.

The semi-detached building is listed for sale at auction next month but any bidders will have to not be put off by the collapsed ceilings, ripped up floors and rubbish strewn across the rooms, the Daily Record reports.

Credits: Daily Record

Home sweet home: This property in Kilmarnock could be yours for just £1

three-story listed home on sale for £1

The property does need some care and attention though

Britain's cheapest home: £1 flat on picturesque Isle of Bute to go under the hammer

Photos supplied with the sale ad show the ramshackle nature of the home and even includes a piano left abandoned in one room.

Yet, the three-storey house certainly shows great potential, if the staircases between each of the levels can be repaired.

Credits: Daily Record

The home boasts being close to the town centre and off-road parking

Credits: Daily Record

It goes up for sale at auction next month with a guide price of just £1

The cheapest home in UK? Bids start at £1 for this house - and it's not as bad you might expect

Auction House Scotland, which is advertising the property, describes the listing as "a unique opportunity for a builder/developer looking to return this building to its former glory".

With just the flick of a coin, the home could belong to whoever is daring enough to take on this ambitious project, which also has a garage for off-road parking.

The lot will be auctioned off on Thursday October 5, so time to get saving.

In 2015, couple Rebecca Dennis and Chris Benn snapped up a Stoke property for just £1 .

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