Considering the property’s size (359 sq ft) and the generally lower prices observed in some nearby properties (e.g. £34,200), the listed price of £50,000 is in the realm of possibility and even slightly above average. However, it’s crucial to take into account the leasehold nature of the property and the condition, which may lower its market value compared to freehold properties in better condition. Considering this, the price is slightly high, however, not unreasonable for an auction.

The property shows signs of significant wear and tear. The interior images reveal dated fixtures, worn flooring, and areas that require considerable updating and maintenance. While structurally sound, the cosmetic condition requires substantial investment.

The property is located in Staple Tye, Harlow, which benefits from proximity to local schools (Kingsmoor Academy, St James Church of England Primary School, both rated ‘Good’ by Ofsted are within 1km), and is relatively close to Harlow Town train station offering connections to London. While not in the most affluent area, the location offers reasonable convenience.

The property has virtually no land associated with it, being described as a flat. There is no garden or private outdoor space shown in the provided information.