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Published 08:22 13 Apr 2016 BST
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Image via Allsop
Spotted on the Irish Mirror, the three-bedroom house is located a short distance from the Trump International Golf Links at Doonbeg in Co. Clare, and has a sizeable garden.
As well as that, it's a mere 30km away from popular tourist attraction the Cliffs of Moher.
The property is due to be knocked with Allsop Auctioneers later this month with a reserve of just €10,000.
Local resident Elaine Tubridy said: “Of course I’m shocked at the price – €10,000 is nothing to pay for a house.
“No matter what state the house might be in, it’s an incredible bargain.
“West Clare is a beautiful part of the county – this house is a stone’s throw from the Wild Atlantic Way and I’d shocked if it is not snapped up immediately.
“It is so close to all the beautiful parts of Clare, like the Burren and the Cliffs of Moher, it is an incredible bargain.”
With the average house price in the area currently standing at €149,000, locals are bewildered as to why this bungalow is so cheap.
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