Wow, many responses!
Ok, first of all thank you.
I will try to answer some questions: We live in Enfield (in mil's spare room!), we know that it is not brilliand area but we cant buy in a posh area with this budget unless we move further out of london i.e. in Herts like Sardine has rightly suggested but we prefer to stay near the family (emergency childcare!). My question really was if its good value for enfield or for london's outskirts. No point comparing it with house prices in Yorkshire as we don't live there.
We like the fact that it is so close to the station. It has parking space, garage, big living/dining (once the pool table go!). I thought its good to have all that at this price (in London). The bathroom is not our cup of tea but we can live with it. The problem is the kitchen which is very small and as someone said it has no window! This really puts me off. We don't have money to extend the kitchen but dh says perhaps we can built a lean to for fridge/freezer, w/m etc. But then the garden will be too small with the lean to 
. What do you think??
The outside look, we dont care if it looks like ex-council but it seems that others do care. Will it be difficult to re sale it? Hmm.
It is funny because we couldn't sleep last night, we were so happy imagining ourselves living there after years of saving and living at mil's, 4 of us in one room at the moment! And then we read 'it is pokey', 'vile', 'i could never live there' . Wow, i knew we are poor but now i feel like the poorest of the poor 
Many of you have said you would make some changes and you would add value. Can we ask what do you mean? Kitchen extension? Anything else?
izzy that house looks massive to me downstairs!! We might go to see it.
Sorry for not mentioning the rest of the names, thank you all very much!
(Dh will be here, i'm going to wash my hair and i will be back)