10x50 is an interesting size. The "x50" means they will be pretty big and heavy. I have some 7x50 which in practice are too much to carry around unless I know I am going to need them. (Lovely to use, though.)
The "10x" is the magnification. 10 is pretty high. High magnification has two drawbacks. The first is that it exaggerates wobble. 10 is about the highest that's really usable without a tripod or other stabilisation.
The second drawback is that for a given aperture, higher magnification means a dimmer image. However, in this case the aperture is 50mm so even with the high magnification it should be bright enough. (The core statistic is the "exit pupil", which is the ratio of the two numbers and also the width of the pencil of light which leaves the binoculars and enters your eye. Less than 2mm is generally too dim. 10x50 yields an exit pupil of 5mm, which should be OK.)
I would be concerned about the quality. In optics, quality is expensive and £12 is cheap. However, if you've looked through them and they seem OK, and you can afford to lose the money if they don't work out, and you also have the storage space to keep them when they are not being used (as opposed to a house full of clutter and a wife who is no longer sympathetic about gadgets), then by all means go for it.
Have you thought about what role they would have for you?
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Quality is addictive.