The asking price of £240,000 seems reasonable given the location and the need for renovation. The average price for properties in the area is higher, but this likely reflects the condition of the property.

The internal photos suggest that the property is in need of renovation. The walls are marked, the floors are worn, and the kitchen and bathroom appear dated.

The property is located in Hackney Central, which is a desirable area in London, with good access to transportation, schools, and local amenities. Hackney Downs station is within walking distance.

The property is a flat within a larger block, so there is very limited land associated with the property itself. There appears to be some communal green space.