An Auckland home is going to auction on Tuesday with a reserve of $1.
The owner, who has lived in the Papatoetoe home for more than 40 years, is "ready to let it go".
The real estate agent for the listing, Uros Bojovic of Ray White Manurewa, told 1News the home isn't liveable anymore.
He said the market will decide what the property is worth.
"You've got to have a bit of appetite for risk because there's a chance it'll sell for less than what you think.
"For me, having a $1 reserve is really just about letting the market know they're serious about selling and people that see value in the property will know she's keen to get it sold."
Bojovic said market value will most likely be the outcome of the auction on December 5.
"If you put something that's worth $1 million, or $800,000 out to the marketplace and say that it's available for $1 and it's an auction, and you have all those people in a room, it's going to go for more than $1.
"If somebody sees value in something, they'll bid to where they believe the value is."
He said of course there is a chance it could sell for $1, but realistically there's value in the land at more than $1.
The 1429m³ property has three bedrooms and one bathroom. The property's estimated worth is $1.31 million - $1.64 million and its CV is $1,675,000.
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