A collapsing townhouse on one of London's most cosmopolitan streets has gone on the market for £400,000.
Potential buyers can bag themselves a derelict four-storey, five-bedroom terraced house which has lain empty for 30 years on Coldharbour Lane in Brixton.
Agents are expecting bids for the property to begin at just under half a million, despite all of the house's windows being either smashed or boarded up, the doorway being blocked by a metal grill and the partially falling down ground floor being held up by scaffolding.
Agents are expecting bids for the property (middle) to begin at just under half a million, despite all of the house's windows either being smashed or boarded up
The derelict house has lain empty for 30 years and the partially falling down lower ground floor is held up by scaffolding
Last time the property went on the market in July 2014, it welcomed offers as high as £1,150,000, according to Zoopla.
Auction House London, which is putting the unorthodox house up for sale is hoping it will be snapped up by eager developers keen to turn a penny by converting the multi-storey property, which is described as being in 'shell condition', into luxury flats.
Director of Auction House London Andrew Binstock said: 'The property has been empty for approximately 30 years and it requires a full programme of works.
'It comprises a mid-terrace house arranged over lower ground and three upper floors.
The house is described as being in 'shell condition' and Auction House London said there's potential for it to be converted into flats
The Victorian townhouse, which is near neighbourhoods Denmark Hill and Camberwell, is arranged over a lower ground and three upper floors is collapsing
Last time the property went on the market in July 2014, it welcomed offers as high as £1,150,000, according to Zoopla
'It is offered in shell condition, but there's the potential to convert it into three flats subject to planning permission.
'The seller wishes to remain anonymous.'
The Victorian townhouse is located in touching distance of the sought-after neighbourhoods of Denmark Hill and Camberwell where properties are regularly snapped up for half a million pounds.
It is conveniently positioned within five minutes walking distance of Brixton Underground Station.
Coldharbour Lane is more than a mile long and shops, bars and restaurants are on the stretch of the road located near Brixton Market.
The house is due to be sold off at public auction on July 30 at midday.
The house is conveniently positioned within five minutes walking distance of Brixton Underground Station and will be sold off at public auction on July 30