The list price of £450,000 for a studio apartment in Bayswater, London, seems reasonable, considering the location and condition. The absence of plot size information prevents a full assessment on price-per-square-foot to be made against comparable properties. However, compared to other properties in the area, this price is on the lower-end, and could prove to be an attractive option for both investors and individuals.

Based on the provided photographs, the property appears to be in excellent condition. The interior is modern, clean, and well-maintained. The finishes (flooring, kitchen, bathroom) are high-quality. There is no visible evidence of wear and tear or the need for any repairs or renovations. This scores highly as it signifies that minimal work is required from the buyer.

The property is located in Bayswater, a highly desirable area of London known for its proximity to Hyde Park, excellent transport links (though not specified in terms of walking distances to stations), and a vibrant atmosphere. The presence of good schools within close proximity further enhances its appeal and family-friendliness. This makes it an attractive location for both residents and investors. However, the specific location within Bayswater and the exact distance to amenities could affect the score.

The property has no outdoor space or garden which is standard for studio apartments in central London areas. The lack of private outdoor space is a significant drawback for many buyers.