This may be one of the most "affordable" properties in Hampstead - but that is because you would have a bit of a project on your hands.

Listed on Zoopla for £499,950, this two-bedroom flat in historic Christchurch Hill is definitely a doer-upper.

The estate agent, Chestertons - Hampstead, describes the Hampstead property on the Zoopla listing as "unmodernised" and says it requires "comprehensive refurbishment throughout".

Some floral wallpaper remainSome floral wallpaper remain (Image: Chestertons/Zoopla)

Located on the first floor and spread across more than 600 square feet, the flat comes with two bedrooms, one bathroom and a reception room.

Throughout there is peeling wallpaper, walls with noticeable signs of damp and carpets that need ripping up - but this flat could be a significant investment opportunity.

The carpets would need to goThe carpets would need to go (Image: Chestertons/Zoopla)

This is because the first-floor property is in a prime location, with Christchurch Hill situated between Hampstead Village and Hampstead Heath.

Indeed, the flat is less than a five minute walk to the open acres of the Heath - close to the Mixed Bathing Pond - and only 0.2 miles from Hampstead Village.

Close your eyes and imagine what the kitchen could look likeClose your eyes and imagine what the kitchen could look like (Image: Chestertons/Zoopla)

Hampstead Underground station on the Northern Line is also 0.3 miles away.

Schools nearby include Christ Church Primary School and Heathside Preparatory School, both on the doorstep of the property.

It could end up being a good investment opportunityA good investment opportunity (Image: Chestertons/Zoopla)

For more information, or to express an interest, call the estate agents Chestertons - Hampstead on 02081 157365.