A dilapidated terrace in Sydney's inner west has sold for an eyewatering $1.2 million.
According to the property listing, the property on Angel Street in Newtown has remained untouched for decades and requires an "extensive overhaul".
The one-bedder's undeveloped roof space offers potential to add a second storey, the listing spruiks.
This derelict parkside terrace is not for the faint-hearted.
The single-storey property has been spruiked as a raw canvas for the avid renovator or developer.
Pitched as a rare opportunity, the terrace was put on the market for the first time in decades.
The multimillion-dollar terrace is situated just 300 metres from King Street's bustling dining and bar scene.
According to the listing, this prized property is the ultimate fixer-upper with a fantastic parkside setting.