THIS dilapidated Newtown terrace has come on the market with hopes of securing more than $875,000 at auction.

Despite having missing ceilings, half-finished walls and a very basic kitchen, the home, at 56 Phillip St, is still inhabited by its owner.

Raine and Horne Newtown selling agent Duncan Gordon said living in the home would be similar to camping, although everything inside is fully operational.

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media_camera Exposed ceilings in the home’s living room.

media_camera The front bedroom of the home.

“It’s got rustic charm you would say,” Mr Gordon said.

“The owner has lived in it for quite some time, it’s become a normal home for him and he’s loved living there and loved the convenience the property provides.”

The facade of the property has a rusted iron fence, cracked tiled and rotted woodwork.

Mr Gordon said the owner had initial plans to fully renovate the home but has now decided to sell it to someone else willing to renovate.

“It’s not for the faint heartened, there’s a fair bit of work to do,” he said.

media_camera Living in this Newtown terrace in its current state would be like camping, the agent says.

“But, it’s in a great location just off Enmore Rd. Phillip St is at the mouth of the Enmore Theatre and it’s a walk up to King St train station, shops and cafes.”

The property sits on about 115sq m of land and spans two storeys. It has two bedrooms, an open-plan lounge and dining room and a kitchen. There is also a rear courtyard, shed and a small grass yard.

The property at 56 Phillip St was last exchanged in 1996 for $157,000 and will go under the hammer on November 21 at 4.15pm.