The part of the country you have shown is generally quite expensive so I'd imagine that place being miniscule. The price is pretty low but a studio flat wouldn't be that practical if you were sharing unless you were VERY close to your co-habiter and had little stuff.
Jobs are quite hard to come by down there as well as most work is seasonal.
If you are sharing you should look at prices above £500 minimum and probably as high £600 but that does rather depend on where you are in the UK. Generally the prices are lower the further North you go but you need to consider whether you want to be on the coast, in the hills or in the city.