The list price of £400,000 seems relatively reasonable given the property’s location in Wanstead, which commands higher prices than many other areas of East London. The size of the apartment (558 sq ft) is modest, but the two bedrooms and apparent good condition factor in. However, the lack of detailed information about comparable properties’ square footage makes a precise price per square foot comparison difficult. The lack of plot size information also limits a full assessment of value.

The property appears to be in good condition based on the photos. The interior is presented well, with a modern feel and what seems to be a recently updated kitchen and bathroom. There is no evidence of significant wear and tear or the need for major repairs or renovations, although further inspection would be needed to confirm this.

Wanstead Village is a desirable location in East London, known for its green spaces, local shops, and relatively good transport links. The proximity to several highly-rated schools is also a significant plus for families. While not central London, it offers a more suburban feel with good access to the city. However, the distance to major transport hubs like central London stations impacts the score.

The property has minimal associated land; it’s an apartment with limited outdoor space. While there’s some communal green area, this doesn’t contribute substantially to the overall land value for an individual unit.