The latest price for a derelict pub which is up for sale for almost £500,000 less than it was originally listed for has been described as "more realistic" by a councillor. 

Haverhill's Scarlett Pimpernell pub, which has been vacant for a number of years, is up for auction for a third time with Auction House.

The pub, which is also known as The Vixen, was first listed for sale in May with a guide price of £900,000. 

East Anglian Daily Times: The pub is to be auctioned off for a third timeThe pub is to be auctioned off for a third time (Image: Auction House London)

Having failed to sell, it was then advertised for auction again at £650,000, but went unsold earlier this month.

It is now set to go under the hammer at the Auction House in London on Wednesday, September 13, this time with a guide price of £450,000.

Councillor Pat Hanlon, who represents Haverhill East Ward, said of the latest price: "I would say the price is much more realistic than the nearly million pounds they were asking for originally."

Planning permission for the 17 flats and two shops at the building had previously been granted, but this has since lapsed.