The list price of £500,000 seems reasonable for a two-bedroom bungalow in Caterham given the lack of comparable sqft data in nearby listings. Nearby properties on Spencer Road vary significantly in price, indicating a possible range within the area. The inclusion of a garden might justify the price point compared to apartments or smaller houses, despite the somewhat lower quality of the current decor and fixtures. More precise square footage would assist in a more accurate assessment.

Based on the photos, the property appears to be in good, habitable condition. While the interior shows some signs of the existing decor and could benefit from a more modern update to potentially increase its value, there are no visible signs of significant damage or disrepair.

The property is situated in Caterham, Surrey, a town known for its good schools and transport links. The proximity to several primary schools rated ‘Good’ by Ofsted and its relatively short distance to multiple train stations make it an attractive location for families. However, the specific location on Spencer Road within Caterham isn’t fully detailed, limiting the assessment of its immediate surroundings and amenities.

The property includes a garden, which is a plus. While the exact dimensions aren’t provided, the images show a reasonably sized garden suitable for relaxation or entertaining. It’s larger than many comparable properties in the area, however, it is not particularly large in size.