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A three-bedroom in Waterloo Australia listed as “not for the faint-hearted” has hit the market.

The property, which was built in the 1800s boasts a spacious living room, kitchen, and laundry room to the rear making it the perfect family home.

The 120 sqm lot has a lot of potential if you can see past the overgrown garden scattered with rubbish, smoke-stained walls, damaged floorboards and no indoor toilet…

The floor plan shows no evidence of an indoor shower or bath and the only toilet on the property is a wooden outhouse covered in graffiti.

This rundown Aussie terrace, which is on the market for $800,000 – almost £450,000 – would need a complete overhaul before it’s even considered to be of a habitable condition – so if you’re looking for a fixer-upper this is it.

Inside, there are a lot of good things to say about the living area.

Although it’s definitely in need of some modernisation, it has high ceilings, a fireplace and plenty of room for entertaining guests.

The kitchen is much smaller and definitely has more work to be done to it with its smoke-stained walls around the cooker.

But the laundry room is another issue entirely.

The room is being held up by an old cabinet.

In terms of the bedrooms, there are two spacious rooms upstairs, and one on the ground floor to the front of the property.

Listing agent Jack McGhee of Ray White-Surry Hills told RealEstate.com.au that parts of the home were cut off with caution tape.

The advert on RealEstate.com.au says that the house has been held for over half a century with only ever two families in ownership.

One of which was reported to have been a chronic smoker, going through two to three packs of cigarettes per day, explaining the stained walls in the property.

It is believed that the previous owner of the house purchased it from the government, and left it to her family in her will when she passed.

Mr McGhee said: “It has a lot of potential.

“These kind of properties always get attention because they are rare. There aren’t many of them left.”

He explained that it would cost almost £140,000, $250,000 to repair the home with all of the damage it has.

Adding: “That would be the bare minimum if you were a builder.

“But you’d probably spend more like £280,000, $500,000… it’s hard to say what needs to be done because we don’t know the state of the wiring and things like that.”

The house goes up for auction in August.