A small and very cosy property can be bought for just £1.

It's possible that the tiny pad could be the smallest home in Wales.

According to the auction house selling the property, the house has just two rooms.

The house in Swansea has one up and one down which means you might have to be very adept at interior design to try and create space indoors.

Along with the tiny size of the home, there also comes a tiny price too, with the auction house accepting offers for as little as £1, Wales Online reports.

However, the property is likely to sell for a tiny price when it goes under the hammer.

With such a small home comes quite a large potential, there is the opportunity to create more space, but it's hard to tell where the price will sit as the hammer falls.

Sean Roper of Paul Fosh Auctions, who are in charge of selling the tiny terrace, said: "The property may currently be small but at that price and with the attached land to the rear it offers the new owner a blank canvas on which to create a cosy, modern home.

"With house prices across the UK, and especially in south Wales, rocketing this really does offer a new owner occupier or investor the opportunity to snap up possibly the bargain of a lifetime."

Mr Roper also mentioned that the property requires a full refurbishment with adequate scope to extend the layout.

While there is no kitchen or bathroom, it is for cash buyers only.

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Mr Roper also mentioned that the property requires a full refurbishment with adequate scope to extend the layout.

The tour of the property isn't exactly exhaustive – through the garden door from the street to the property's own private front door, the one-room downstairs has a fireplace, a staircase, and a cupboard under the stairs.

Up the stairs, there is only one room to view, so there isn't much time to spend wondering what you might pick up for a quid.

In the rather large garden there are the foundations of an extension but it has clearly seen better days.

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