The listed price of £40,000 is relatively low compared to other properties in the nearby area, especially those in more desirable locations, but needs to be considered against the extensive refurbishment and renovation that would be required. Given the condition, the price could be considered reasonable for an investor willing to undertake a complete redevelopment. However, for someone looking for a ready-to-move-in property, the value is not so obvious.

The provided photographs clearly show the property is in need of significant repair and renovation. The interior displays peeling wallpaper, damaged walls, and a generally unfinished or abandoned state. The existing fixtures and fittings are basic and dated. This requires substantial investment to make the property habitable and appealing.

The property is located on New Chester Road in New Ferry, Wirral. While the proximity to transportation (Merseyrail stations within a 2km radius) and schools (Grove Street Primary School being relatively close) is positive, the overall area doesn’t present as a particularly desirable or high-value location when compared to others in the surrounding region. The presence of nearby businesses like a pizza shop indicates some activity, but lacks significant features that would boost the location score.

Based on the provided information and images, the property appears to only consist of the building itself and does not include a garden or any significant amount of additional land.