This horror home has a shocking price tag.

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A somewhat spooky derelict home on a 607sq m holding at 52 Market St, Naremburn has been listed for March 16 auction with $2.9 million guidance.

It is apparently a three-bedroom, one-bathroom weatherboard home with McGrath estate agent Peter Chauncy not allowing internal inspections.

It was bought by Allan and Elli Chan in 2012 from shop assistant Peter Kontos, who acquired it for £4000 in 1965.

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“A very rare opportunity to secure a tightly-held parcel of land,” the listing for the home reads.

“Lucrative potential for developers, families and investors alike. Knock down for clean slate and rebuild into dream home (STCA). Conveniently situated just one traffic light from the city

“Occupying a near level 607 sqm parcel with a 15.4 metre wide frontage, this property offers an outstanding opportunity in a sought-after enclave.

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Imagine the potential …

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“It’s nestled on a peaceful street amongst quality homes, a walk from express city buses, while moments from village shops, cafés and well regarded public/private schools.”

According to PropTrack, the median house price in Naremburn on Sydney’s lower north shore is $2,812,500. That’s up 4.1 per cent over the past 12 months.

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