2 bed flat for sale

Mercer Court, Candle St, London E1

Shared Ownership

Full Market Value: £430,000

Share Value (25%): £107,500

Monthly Rent: £975.91

Service Charge: £206.90

Council Tax Band: C

125 year lease commenced April 2019 - 118 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.

L&Q welcomes you to view this two bedroom, first floor apartment.

This apartment consists of an open-plan kitchen and living area, with access onto the private balcony. The kitchen is fitted with beach wood effect wall and base units and a granite effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan, with space for a fridge freezer and washing machine. Two double bedrooms benefiting from lots of natural lighting. The bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround. Additional storage cupboard in hallway.

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.

This apartment is is located a minute walk from the canal, boasting lots of outdoor space. A short 5 minute walk from mile end park, which includes a football pitch, a skate park and a lovely greenery for walks and bike rides. You can find Stepney city farm nearby, where you can visit the animals and visit the cafe. A10 minute walk from DLR Limehouse station, Mile End station and Stepney Green station. Great location for transport links and 2 minute's walk from local bus routes. Lots of shops, a bakery and takeaways on the high street, which is a short walk away, with a supermarket close by. This apartment is located in the heart of East London and is a short bus journey
from popular attractions such as Shoreditch, Columbia flower market and Victoria park.

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 £64,264. 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.