At (31, 318), there is a free Ancient Sword and a sack of gold. It is very well hidden, requiring you to have two party members capable of casting teleport. The problem is that the sword is statted for a "Level 2" character and the gold is also a worthless amount.
The only possible way to get up there at level 2 is if one of your characters starts out with the Teleport skill and you make your way into the Magister's quarters to get the free skillbook. But even then, the secret is pretty hidden and that's a very specific way to proceed just for a level 2 sword and 13 gold. There is virtually no way to get there without being level 3 and having killed the crocodiles, at which point you clearly don't need the sword.
The reward for getting there is totally inadequate for the effort and level needed to reach it.That sword MUST be changed to be at least level 3, probably level 4. Maybe it should also be a magical unique too, since I wasn't able to find any magical non-dagger one-handed weapons. And while you're at it, change the gold amount from whatever stupid tiny amount that is to at least 100 gold. That would make it worthwhile.