A one-bedroom tenement flat in dire need of TLC in Glasgow - thought to be the cheapest in the country - is set to go under the hammer later today at auction.

The city’s young professionals are being called upon to divert their attention to the £10,000 property which is just a stone’s throw away from Ibrox Stadium in Ibrox Street.

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Property tycoons are being urged to invest in the barren flat “for a jaw-dropping potential rental yield of 45 per cent” in “a lucrative investment opportunity.”

Listed on the Wilsons Auctions website, the team has described the flat as “a great project for any property developer.”

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Comprising of an entrance hallway, one bedroom, living room/kitchen and shower room with WC, the listing adds: “This property requires some TLC and is the perfect project.

With a “fantastic rental potential” of £375 per month, the flat’s many benefits include the fact it is close to the city centre and a major supermarket, right next to the M8 motorway with links to Glasgow Airport, and is also surrounded by public transport links.

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“These links make this location the perfect rental area for Glasgow’s young professionals commuting within the city,” Wilson Auctions adds.

Click here to view the full listing. The auction takes place tonight at 7pm.

Would you jump onto the property ladder with this flat? Let us know in the comments below.