Very good/quality leggings for cycling and more. Of course, without padding and not suitable for very cold weather (spring/autumn and not very cold winter days are fine), so you can't say it's cheap, but the price is reasonable anyway.
Also, it's not waterproof, so be careful if you're looking for something like that (cheap waterproof only overtrousers, otherwise go for expensive leggings/BiB specialized).
Overall, very satisfied with frequent use, I've had it for a long time and I recommend it.