A pub on the property market in Liverpool is expected to sell for twice its asking price after graffiti artist Banksy daubed a 20-foot-high rat on its facade, it has been reported.

The Whitehouse pub, which is derelict, is up for sale at £495,000 but estate agents predict it will be snapped up for as much as £1 million, the BBC reported.

Jonathan Owen, commercial sales director at estate agent Sutton Kersh, told the news provider: "We have received numerous enquiries from artists as a result of the painting.

"Banksy is internationally recognised and has numerous A-list celebrity followers," he added.

He claimed that the property provides an excellent opportunity for Banksy fans to add to their collection.

According to Steve Lazarides, Banksy''s art dealer, the street artist''s signature spray-painted rats on canvas sell for as much as £140,000, reports the New Statesman.

Mr Lazarides is responsible for the recent boom in street art, the publication claims, and has sold millions of pounds of graffiti art.

Carry out a house price search.