I'm not a bass player. I'll just open with that. I'm a rhythm player with a bass guitar.
Picked this up for £75 plus P and P on a whim just because I can, I own a collection of budget guitars (Squiers, Indies, a StarForce, a... Thing) and fancied trying Bass again.
Out of the box, my first impression was how TINY this is, barely any longer than an Affinity Strat and if anything with a smaller body. It has strings and tuners, you turn the tuners and the pitch of the strings changes. Two knobs, one for volume and one for tone. They both work. Out of the box the action and intonation are both fine. Tuning stability is better than any Squier I've encountered, it does slip a touch but especially having new strings it's pretty good really. Build quality is completely acceptable without being exceptional in any way, it's £75 so I wasn't expecting anything life-changing and didn't get it. The fretwork stands out as being the worst part (sharpish ends and not the smoothest frets) but far from a deal breaker. The neck finish stands out for me as the best part. Almost a semi-satin, shiny enough to be fast with dry hands yet satin enough to not stick to sweaty mitts.
It sounds perfectly acceptable to my ears, I'm not a bassist so I can't compare it to others I own, but it sounds more pleasing to my ears than my Affinity Strat or Standard Tele did with stock pickups.
I'm not crazy about the string tension, it feels a little bit loose for my personal preference, again I'm a guitarist which probably skews my judgement. I'll put some heavier strings on at some point to mitigate this.
In conclusion, if you're looking for a bass to learn, or to do a bit of home recording, this thing is absolutely fine. Given what £75 would buy you back in the day it's a revelation. Don't worry about buying something that's essentially unusable, this is a perfectly good instrument. If you're coming from guitar, the short scale length is really easy to get used to, too.