More than 1000 m2 in Gisborne's wine region is going under the hammer, for just $1 reserve.

The seller is hoping to fast-track the sale of the property, valued at $120,000, after three months on the market.

LJ Hooker real estate agent Warwick Searle said the offer could bring a whole new meaning to bang for your buck.

Mr Searle said it was a reflection that bare sections generally take longer to sell.


"The section market in particular, bare land has been particularly flat over the last 2-3 years I guess that's just a reflection of the market, but probably the hardest part of the market has been that bare land."

See the property listing here