3 bedroom apartment for sale

This is a modern, well-presented 3-bedroom flat on the third floor, located in a quiet area near West Ham Station. It boasts a bright, open-plan living area, a large communal garden, and residents' parking.

Key Details at a Glance

Feature Details

Price £325,000 - £350,000

Property TypeThird-Floor Flat

Bedrooms 3

Bathrooms 1

Size 74 sq. metres / 797 sq. ft

Council TaxBand B

Service Charge £2,400 per year

Ground Rent £0 per year

Lease 98 years remaining

Positive Features

Excellent Location: Moments from West Ham Station, providing access to the Jubilee, District, Hammersmith & City tube lines, and the C2C mainline for fast connections to the City.

Great Transport Links: Ideal for commuters working in Canary Wharf, the City, or Stratford.

Spacious and Bright: Described as having large bedrooms and a lounge/kitchen "flooded with natural light."

Good Condition: "Beautifully presented" and "contemporarily decorated," suggesting it's move-in ready.

Excellent Amenities: Close to Westfield Stratford City (shopping, bars, restaurants) and the Queen Elizabeth Olympic Park.

Outdoor Space: Access to a large communal garden and a communal balcony.

Practicalities: Includes residents' parking and ample storage.

Low Ongoing Costs: No ground rent is a significant financial benefit.

Important Considerations & Questions to Ask

Lease Length: A 98-year lease is a major consideration. While not critically short, mortgages can become more difficult and expensive to obtain on leases below 80 years. You should seriously investigate the cost and process of extending the lease immediately after purchase. This can be expensive.

Service Charge: At £2,400 per year, this is a moderate charge. You should ask what exactly this covers (e.g., building insurance, cleaning of communal areas, garden maintenance, lift servicing, etc.).

Third-Floor Flat: Check if there is a lift. If not, this could be a drawback for some buyers, especially when moving large items or for those with mobility issues.

Communal Areas: The "communal balcony" and garden are shared. It's worth asking about the management company's rules for using these spaces and how well they are maintained.

Who is this for?

As stated in the description, this property is well-suited for:

First-Time Buyers looking for a spacious, modern flat with excellent transport links.

Investors attracted by the good location near a major transport hub, which should ensure strong rental demand.

Next Steps

Arrange a Viewing: See the property in person to assess the space, natural light, and storage.

Request the Leasehold Information: Get a copy of the full lease document and recent service charge accounts.

Speak to a Solicitor: A conveyancing solicitor can advise you on the implications of the 98-year lease and the process for extension.

Get a Mortgage Agreement in Principle: Confirm your budget, ensuring lenders are comfortable with the current lease length.

Conclusion: This is a very attractive property in a fantastic location. However, the 98-year lease is the most critical factor and requires immediate attention and financial planning. If you are comfortable with the process and cost of a lease extension, this could be an excellent home or investment.