The asking price of £107,500 for a 2-bedroom apartment in Ely seems reasonable, although more information is needed on the average price per square foot for apartments in the immediate area of Merivale Way. Considering comparable properties listed in the dataset have significantly higher prices (some exceeding £200,000), this could represent value for money especially given the shared ownership model indicated in one of the nearby listings. However, this cannot be definitively ascertained without complete and precise local comparative data.

Based on the provided photographs, the property appears to be in generally good condition. The kitchen and bathroom seem well-maintained and modern. However, there is a lack of detail on the overall structure and some minor cosmetic improvements might enhance the property’s appeal. The overall impression is one of a clean, habitable space, but not perfect or luxurious.

The property is situated in Ely North, which benefits from relatively close proximity to Ely city centre and its amenities. The presence of nearby schools, albeit with varying Ofsted ratings, and a train station within a reasonable distance, contributes positively to the location score. However, the lack of detailed information on the immediate surroundings of Merivale Way and the absence of specifics regarding local shops and other essential services slightly diminishes the score.

The property has minimal or no land associated with it. This is explicitly stated in the provided data as the plot size is listed as 0.00 sqft. The absence of a garden or significant outdoor space significantly reduces the land score.