It appeared to be the bargain of this century, a three-bed, three-bath former boat house overlooking the mouth of Carlingford Lough, all for just £50,000.
In good condition, it is described as excellent accommodation for those seeking a rural location with stunning panoramic coastal views.
"Internally the property comprises kitchen/ living room, WC, bedroom with en-suite on the ground floor and two bedrooms both with en-suite on the first floor," the agents wrote.
But there are a few problems with the property in the village of Greencastle near Kilkeel in south Down.
The boiler, oil, septic tank and bin storage area were not part of the deal - along with access to the front door, the agent for the sale confirmed. And no place to park.
"We were really just selling the four walls," said agent Declan Morgan of Digney Boyd. He joked the new owners may have to use a helicopter while others in the area suggested a pole vault to reach the front door.
However, there are patio doors so at least the new owners will be able to immediately get into the property - but there is still nowhere else to place the tanks or the boiler.
"They will have to come to some sort of private agreement" if they want to enter or leave by the front door, heat the property and get rid of their waste, Mr Morgan suggested.
The history of the converted boat house is slightly complicated, leading to the point where it ended as a bank sale with the £50,000 price tag.
A previous owner at one time possessed the converted property along with a main house. The individual then sold the main house, moved in to the other and crafted a private agreement over access with the new owners .
But circumstances changed over time, access became an issue and several other factors ultimately led to the bank sale.
Property Pal, the website, does list a handful of other properties around the north at similar prices but all are in poor shape, need substantial work and are not situated on the shores of Carlingford Lough with the Cooley and Mourne mountains as a backdrop.
For anyone who might have jumped at the chance to snap up the property despite the issues, they are out of luck. Mr Morgan confirmed the property on Greencastle Pier Road was sold with an offer that slightly topped the rock bottom asking price.
