With its own private beach and sublimely tranquil surroundings , this Norwegian house is up for sale - for just 5p . There is a condition however for any prospective buyer - they must focus their efforts into restoring the ramshackle property to its former glory . The house is located on the island of Buoya on the fringes of the Arctic circle , and it has been uninhabited since the last tenant moved out in the 1970s . Scroll down for video . This Norwegian house is up for sale for just 5p , although admittedly there is a lot of work for the new owner to do . Despite the house needing extensive repairs , the landscape views from the property are unrivalled . It is in the hands of Norwegian Kent Karlsen who said : ' I had hoped to patch it up but it just never happened , and it seems a real shame that such a beautiful property is now falling apart and nobody is getting any benefit from it . ' I did n't want it to simply be sold to someone else who also neglected it , and as a result put it up for sale for a bargain price provided the new owner convinced me they really intend to put it back in order . 'It will really need somebody with passion and of course the resources because pretty much everything needs doing . ' His advert was placed on Finn.no , Norway 's version of eBay , recently and although he has had some interest is waiting until he gets the right offer from the right person . The house is circled in red here . One challenge you could set on buying the house would be to find your neighbour ... The house is located on the uninhabited island of Buoya ( to the left of picture above ) on the fringes of the Arctic circle . The current owner describes the house as 'an exciting project , and a 'unique opportunity . He added : ' I do n't really think it 's worth taking more money anyway , because the house is currently a catastrophe to say the least . But for the right person it is an exciting project and a unique opportunity . ' One of those so far who has expressed interest is an architect who offered to draw up plans agreed a completion date if he is given the property . ' I will make up my mind once I 've seen all the candidates and see who gives me the best gut feeling , and will sell it to them , ' said Karlsen . An architect who offered to draw up plans agreed a completion date if he is given the property . The neighbouring islands are only a short boat ride away should you get lonely in the remote wooden house .
The ramshackle home is located on the island of Buoya on the fringes of the Arctic islands . Current owner buys house on selling site for sale but demands house be restored to former owners . Property owners offer the opportunity to share the island with a variety of people , and the odd tourist .