It's an IPS panel. I believe the response time is listed as 12ms but ghosting is minimal at worst and the colour and viewing angles are very good. Of course who knows how long it will last, but it's not bad for the price as a 2nd or 3rd monitor. It does frequently drop to this price or £255 though. It it drops under £230 I'll be buying another. A TV would no doubt be better and cheaper for a console though.
I imagine this will be a TN panel (can't see it on the spec) with a slow response time of 12ms. So expect a bit of ghosting and poor viewing angles. It is still a 4k 32" for £260 so as the OP said, it's a budget / entry level. If buying for a game console, you may be better off getting one of the entry level TV's LG's or similar. I got a 4k 43" IPS screen so the response time is pretty good with great colours and lack of ghosting - I got that for £250 but seen it floating under £300 before. The bigger size might not be ideal of course.