1 bed flat for sale

Candle St, London E1

Shared Ownership

Full Market Value: £350,000

Share Value (55%): £192,500

Monthly Rent: £503.17

Service Charge: £202.73

Ground Rent: £250.00

Council Tax Band: C

125 year lease commenced April 2007 - 107 years remaining

EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.

L&Q welcomes you to view this one bedroom, ground floor apartment.

Delightful, one bedroom, ground floor apartment in excellent condition, set moments from Regents Canal. The property boasts a bright and airy open plan lounge and kitchen, floor-to-ceiling glass doors leading to a private balcony, a large double bedroom, a recently renovated stylish bathroom, and modern wooding flooring throughout.

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.

The apartment is ideally located for those looking to live in a vibrant and well-connected part of East London. Stepney Green, Mile End and Limehouse stations are all within a 10-minute walk, offering easy connections to the Central, District, Hammersmith & City lines and the DLR. Whitechapel station, on the Elizabeth and Overground lines, is also only a 20-minute walk away. Horseley Court is set moments from the scenic Regents Canal, which offers walking routes through Mile End Park and Victoria Park, and connects to the River Thames and Limehouse Marina, great for walking and cycling. The area offers a wide range of local amenities, including shops, restaurants, cafes, and pubs. 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 £62,993. 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 March 2025.