It sounds like the bargain of the century – but potantial buyers need to read the small print.

A semi-detached house in Leeson Road, damaged in a major landslide last December, is set to go under the hammer at a starting price of just £10.

The property, located in the area affected by the Bonchurch landslide, is being sold as-is, with no reserve.

Due to the extensive structural damage caused by the landslide, the Isle of Wight Council has deemed the property unsafe for internal viewing. The RightMove listing emphasises the property’s need for complete refurbishment.

Potential buyers should be aware that the sale is strictly for cash buyers only, and will require significant investment to restore the property to a habitable condition.

The auction will take place on Friday, September 27, starting at 10am. For more information or to register for the auction, visit the RightMove website.