A property for sale in Scotland has been listed for an incredible cheap price. In fact, it has been listed for half price, an unusual move in the property market. The four-bedroom bungalow is situated by the beach in an idyllic countryside setting. It has been listed for £45,000 by Auction House Scotland. Related articles House prices: High demand in Midlands, Wales & the North Lorraine Kelly: ITV star gives look inside colourful home House for sale: Buy this four property by the sea for half price - why so cheap? This is a bargain, considering the average sale price in the area over the past 12 months was £155,817. The listing boasted the selling points of the pretty property. It said: “This is a unique opportunity to purchase this four bedroom semi-detached cottage which is located in the scenic village of Lady, on the island of Sanday, which enjoys fantastic views over the surrounding countryside, beautiful beaches out towards the sea and beyond. “The accommodation on offer comprises spacious lounge, dining kitchen, four bedrooms and family bathroom. “Externally, there is a small garden at the front and land to the side which would easily accommodate two or three cars.” House for sale: Buy this four property by the sea for half price - why so cheap? (Image: ZOOPLA/AUCTION HOUSE SCOTLAND) House for sale: The listing boasted the selling points of the pretty property (Image: ZOOPLA/AUCTION HOUSE SCOTLAND) However, the property does need some updating, which is reflected in the rather reasonable price. “The property will require a program of decoration and modernising, which is reflected in the price, however it provides an attractively situated property which would make an ideal family home, holiday home or holiday let,” it reads. “Early viewing is strongly advised.” Another property for sale was listed for just £34,250 - why is it so cheap? Similar homes nearby have recently sold for as much as £181,995, so why is this property so cheap? Related articles Property for sale: Most expensive streets in London revealed Property for sale: Two bed home selling for just £34k - why? House for sale: Average sale price in the area over the past 12 months was £155,817 (Image: ZOOPLA/AUCTION HOUSE SCOTLAND) A quick look at the advert soon makes it apparent why the asking price is so low. Those hoping to make an offer will only be buying 25 per cent of the property as part of a Shared Ownership scheme. How can you increase the value of your property? According to reports the number of Britons choosing to update their home, instead of relocation, has increased by over four million households. The amount a home renovation can increase the value of your home by is likely to astound most Britons.All rights reserved for this news site express.co.uk and under his responsibility