If you're in the market for a new house, make sure you mark this event in your diary.

On Thursday, DDM will be holding its next property auction, with 40 northern Lincolnshire houses, bungalows and flats on offer – one with an amazing low starting price.

As usual, the event will be held at Forest Pines Hotel, and DDM managing director Graham Wilson says there will be something for everyone.

"As ever, we have a broad range of property," said Mr Wilson. "Including a number of fantastic investment properties to suit a range of budgets.

"We operate the modern method of auction which allows buyers and sellers a longer time frame to exchange and complete, thus providing ample time for arranging finance and the necessary due diligence.

"We can also offer traditional unconditional sales for properties where this method of sale is more appropriate."

One particular property is attracting plenty of attention, not least because of its starting price.

"We have an apartment in Cleethorpes with a starting price of just £1," said Mr Wilson. "Apartment 22, Summerfields, offers a great opportunity for a great deal."

The sale starts at 7pm and bidders will be required to register.

You will require photographic identification to obtain a buyer card.

You will also need your catalogue, debit/credit card or bankers draft for your deposit.

Also bring the contact details of the solicitor you intend to use. There will be a solicitor present.

To find out more, visit www.ddmresidential.co.uk