The list price of £475,000 seems somewhat in line with comparable properties in the area, considering the size, condition, and inclusion of a garden and studio. However, without precise square footage data for comparable properties, an exact determination of value is difficult. The price reflects the current market demand for properties with outdoor space in this part of London.

Based on the provided photos, the property appears to be in good condition, with a recently renovated or updated interior. The kitchen and bathroom seem modern and well-maintained. While some minor cosmetic updates might be considered, the overall impression is one of a well-presented home.

The property is located in Penge, close to several transport links including Birkbeck train station (0.80km) and Anerley Overground station (0.89km), providing good access to central London. Furthermore, there are several well-regarded schools within a reasonable distance, adding to the family-friendliness of the area. While Penge might not be considered one of the most affluent areas of London, it offers a good balance of convenience and affordability.

The property boasts a garden, which is a significant advantage in London. While the exact plot size isn’t provided, the images show a reasonably sizable garden with a patio area, a pergola, and a studio/workshop in the back. This adds substantially to the property’s value and desirability compared to similar properties without garden space.