A 1930s semi-detached house has been priced at £500,000 at auction next month - even though it is 'severely fire damaged'.

The property, in Bounds Green, north London, has scaffolding outside and it is currently in a 'dangerous condition'.

Flames ripped through the three bedroom semi-detached home last March while a man was trapped inside. He was pulled to safety by two passers-by after they reportedly broke down the kitchen door to rescue him.

The boarded-up home requires 'complete modernisation' and a replacement roof. Viewings may not be possible due to its hazardous condition.

However, the building could soon be brought back into use after auctioneers were instructed to sell the property.

McHugh & Co, an independent estate agents and auctioneers, has put the house up for auction next month. Auctioneer, James McHugh, said the building is in urgent need of repair before it can be lived in again but said there had been contact from possible buyers.

Its huge half a million pound price-tag highlights the increase of house prices in London - making it almost impossible for young adults to get themselves on the property ladder. For the same price, buyers could buy a five bed terraced home or a three bed modern penthouse suite in Manchester.