The listing price of £160,000 is arguably reasonable considering the location in South Norwood, but extremely low given that it is a plot of land requiring substantial investment. The comparable properties available show the potential value of the land after redevelopment, however, in its current state this justifies the lower score. The lack of square footage data makes a precise valuation challenging.

The property is in poor condition. The provided photographs clearly show a dilapidated state, with significant debris, building materials and what looks like the remains of demolition projects. This is indicative of substantial repair or renovation works needed before the property could be considered habitable.

The property benefits from a location in South Norwood, Croydon, which is within reasonable proximity to multiple transportation links including Norwood Junction, Selhurst, and Crystal Palace stations. Furthermore, several primary and secondary schools are within walking distance, making it potentially attractive to families. However, South Norwood isn’t considered one of the most affluent areas of London, and the immediate surroundings appear somewhat neglected based on the provided images, impacting the overall location score.

The property comprises four garages on a plot that appears relatively larger than most garages in urban areas. While not a significant amount of land in absolute terms, its size compared to surrounding properties in London could offer redevelopment potential. The current use as garages is not a desirable feature and requires a significant investment to develop.