2 bed flat for sale

Flat 2, 5 Boulcott Street, Limehouse, London E1

Guide Price = £220,000+

**For Sale By Public Auction 2nd July 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Two Bedroom Third Floor Flat

Tenure
Leasehold. The property is held on a 99 year lease from 24th June 2006 (thus approximately 80 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of St. James Park are within easy reach. Transport links are provided by Stepney Green underground station (Circle line) and Limehouse rail station.

Description
The property comprises a two bedroom third floor flat situated within a purpose built block arranged over ground and four upper floors. The property benefits from lift access.

Accommodation
Third Floor
Reception Room with Open-Plan Kitchen
Two Bedrooms
Bathroom

Exterior
The property benefits from a balcony.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
C


Addendum
Please note that this property is subject to a Buyers Premium of £1,560 inc VAT. This is in addition to the buyer's admin fee of £1,500 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.