1 bed flat for sale

Mercer Court, Candle St, London E1

Shared ownership

Full Market Value: £325,000

Share Value (45%): £146,250

Monthly Rent: £541.10

Service Charge: £191.10

Council Tax Band: C

125 year lease commenced April 2007 - 107 years remaining

EWS1 certification is available for this block - B1 rating- We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.

All rooms lead off a central hallway in this apartment. There is a large open plan reception area opening onto an east facing private balcony. The kitchen is fitted with a range of Beech wall and base units and includes an integrated oven, hob and extractor. A generous dual aspect bedroom and family bathroom complete the accommodation.

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

Mercer Court is ideally located for those looking to live in a vibrant and well-connected part of East London. It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station. The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling. The nearby Whitechapel High Street offers a mix of shops, markets, and eateries. Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants. Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £54,608. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of February 2025.