Paddo time warp… check out the wallpaper

A time-warp in Sydney's Paddington is for sale, but only after a bizarre court case.

The dilapidated Paddington terrace at 45 Iris Street isn't difficult to spot with it's faded yellow facade drawing the eye.

The quirky interior walls are filled with quirky designs, some of which are hand drawn by the previous owner Christina Coombes who was an artist.

Christina passed away in 2013 and had owned the property for the last 40 years.

She bought the property with her late butcher husband Kenneth Coombes in 1965 for £3,200.

The terrace was in the limelight last year when an Iraqi refugee tried to claim the dank hovel, suggesting he was Christina's lover, cat minder and dancing partner for 17 years.

Christina's neighbours told the New South Wales Supreme Court that he was nothing more than a fruit and junk salesman who occasionally sold items to her.

It was discovered Waleed Sadiq never had a key, did not visit her in hospital, and failed to attend her funeral. He has been confirmed as living in Woolloomooloo.

The home is now under control of the NSW Trustee and Guardian who have had to seek a new certificate of title due to the last one being lost.

Christina was described as a bit of a recluse, which was no surprise considering the state of the home.

The advice from listing agent Adam McKay of the Di Jones agency is to bring a builder and an architect, because this property will need a lot of work.

There are two bedrooms, one bathroom and a rear courtyard.

Adam has said that he has received huge amounts of enquiry and had a great number of buyers through the first open on Saturday. 

He set a guide of $750,000 for the property which goes to auction on February 24.

"It is a very difficult terrace to put a price on as there will be a large variation as to what each buyer thinks it is worth.

"For instance, for those who are looking at the property to renovate and sell, they will be factoring in the cost of the works associated in order to get it ready for sale.

"However for the first home buyers who are excited at getting hold of a Paddington terrace at a discounted price, we may find that they push themselves further to secure the home and complete the renovations over a number of years," he said.