The list price of £549,500 needs to be considered in context with the local market. While comparable properties in the area are listed at similar or higher prices, the lack of detailed property information (like the plot size and a full condition report) prevents a completely accurate evaluation of value for money. Considering its need for renovation, the price appears relatively fair for the location and number of bedrooms, but potentially not outstanding value.

Based on the provided photographs, the property shows signs of being dated and in need of some modernization or refurbishment. Whilst structurally sound, the decor, fixtures, and fittings appear worn and tired. A full survey would be necessary to fully assess the condition and identify any underlying issues.

The property is situated in Selsdon, South Croydon, a generally desirable area in Greater London. Its proximity to Selsdon Parade suggests convenient access to local amenities. The presence of several well-regarded schools within a reasonable distance further enhances its appeal to families. However, the precise location on Farley Road and specifics of its immediate surroundings would need further investigation to provide a more precise assessment. The nearby train stations at Sanderstead and South Croydon also add to the attractiveness of the location.

The property benefits from a garden, which appears to be of a reasonable size. The images suggest space for outdoor activities, while the garden requires some landscaping. Whilst not extensive, the garden adds value, especially for families.