A Scottish Mansion Is Being Auctioned Off—And The Starting Bid Is £1

If you’ve ever dreamed of owning your very own fairytale castle, this might be the opportunity of a lifetime. A French Gothic mansion called The Elms in the Scottish burgh of Arbroath is currently up for auction, and the starting bid is £1 ($1.23).

The Elms was designed and built by architect William Leiper for the Corsar family circa 1869, Old House Dreams surmises. National Property Auctions, responsible for selling the mansion, reports that The Elms was operated as a hotel up until World War II when it was taken over by the War Office. It then transitioned into a children’s home.

So, what’s the catch, you ask? Well, not only may The Elms be haunted (just look at the place), but it’s also listed as an “unsafe property.” As noted by National Property Auctions, unsafe properties are “evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition.”

Basically, The Elms has sat abandoned for several years and needs a lot of work.

Despite its flaws, National Property Auctions notes that this lot would be a great opportunity for a developer, as it has been previously received permission to be converted into six flats and five “dwelling houses.”

Sure, this video tour from 2014 will give you chills—but just think of the potential The Elms holds.

Though bidding started at a mere £1, the current bid is up to £102,000 (about $125,000), which is still a fair price for such a massive and historically significant property. If you’d like to submit a bid, you can register on National Property Auctions and submit your bid on The Elms listing. The auction closes on July 17 at 11 a.m. BST.