(CNN) -- The garden is overflowing with weeds and trash is riotously strewn across the lower floors. Upstairs, a makeshift curtain dangles by a string while an assortment of shelves and cupboards clutter the untidy space below. Not quite what you'd expect from a $1.1 million (£650,000) property -- but that's the price sought by the overseas owners of a house in London that until recently was the domain of illegal squatters. The three-bedroom home came on to the market in the Peckham area of the British capital last week and is described by estate agents as "spacious" and an "exciting opportunity" for potential buyers despite the obvious need for "modernization."
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London property recently lived in by squatters on market for $1.1 million
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Pictures show three-bedroom home in state of disrepair
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Estate agents says prices in area could yet increase further
While @placeholder isn't traditionally one of the city's most exclusive neighborhoods, its favorable location, good transport links as well as its up-and-coming vibe has ensured its status as a desirable spot.