This is a staggering £540,000 less than the average sold price of properties in the capital last year, according to online data. The home is narrower than a London bus, which measures eight feet wide.

The three-storey building, situated on Exmouth Road in Walthamstow, is currently used as a workshop but boasts "huge potential for redevelopment" and could be transformed for residential purposes, according to sellers Strettons.

The property features a slender staircase leading up to an attic with a sloping roof, as well as another set of stairs descending to an unfurnished room resembling a cellar.

Additional features include a garden, a compact bathroom, a few kitchen appliances, and two windows. Its proximity to Walthamstow Central and Queens Road stations adds to its appeal.

As per the listing, "Internally, the building offers generous square footage across three floors, with a flexible layout that can be adapted to suit a range of purposes."

Furthermore, "High ceilings, large windows, and solid structural integrity present an exciting blank canvas for transformation, whether into stylish apartments, a spacious live/work loft, or a state-of-the-art commercial premises."

Auction surveyor Michael Mercer has reported significant interest in the property ahead of the auction. He remarked: "We have had a lot of interest in the unique opportunity in a prime location, and we are looking forward to seeing how it goes on Thursday."

The property boasts a guide price upwards of £140,000.

Prospective buyers can vie for the property when it hits the auction block at 12pm on Thursday May 22.

House prices in London have an overall average of £683,827 over the last year, according to Rightmove.