A TWO-BED flat in south-east London will go under the hammer for just £200,000 – but there are some very good reasons for the low price.

The property in Morena Street, Catford has a courtyard garden, double glazing and permit parking – features all house-hunters on a budget will know don't always come as standard.

But those prepared to make an offer will want to take a very good look at the listing first.

That's because the home is in a terrible state, both inside and out, while just 29 years remain on the lease.

Would-be buyers will be able to spot tell-tale signs of the work they'll face from a very quick look at the property.

Downstairs windows have been boarded over, while a huge poster for The Lock Father, an emergency 24-hour locksmith, has been pinned up.

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Blurry photos taken inside show rooms in almost complete darkness.

In one bedroom, a half-packed suitcase appears to be lying open on a bed, while a dress has been hung from a curtain pole.

The second bedroom is filled with junk, including chairs, a clothes horse and a bucket.

The hob in the kitchen is coated with grime and filth, with a kettle and dirty pans stacked on top. A rubbish bag still hangs from a hook.

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The bathroom is also grim, with stains on the floor around the toilet and sink.

Bags of rubbish have been fly-tipped in the garden.

Auctioneers at Town and Country Property say the home will be sold off on April 28.

"The accommodation comprises of entrance hall, lounge, kitchen, two bedrooms and family bathroom with a rear courtyard," they said.

"It requires full refurbishment throughout."

For those prepared to put in the work and pay tens of thousands of pounds to increase the length of the lease, the flat could one day make a sweet home.

It's moments from Catford shopping centre, as well as restaurants, bars and supermarkets.

It's also a short walk to two big train stations, as well as two pretty parks.

Buyers with ambition who are looking to put in the graft may also have spotted a three-bed family home on the market for just £70,000 in Lincoln.

FRIGHTMOVE

The house needs a huge amount of work before the kids could move in.

Carpets have been torn up, while old wallpaper has peeled from the walls.

A bathroom is thick with mould.

Meanwhile, every window has been covered over.

And a home in the pretty coastal town of Llandudno in Wales is available for £80,000.