Summary - FLAT 602, METCALFE COURT, 1, ANDERSON SQUARE E3 3XJ
1 bed 1 bath Flat
Affordable shared-ownership flat ideal for first-time buyers seeking central convenience.
South-facing sixth-floor balcony with elevated urban views
Open-plan living area combines lounge, dining and kitchen
Bedroom with built-in walk-in wardrobe
Modern bathroom with bath plus separate shower system
Shared ownership 35% share — purchase price £133,000
Monthly rent £751.53; service charge £163.89 (below average)
Leasehold with approximately 116 years remaining
Local area classed as deprived; average crime levels
A bright sixth-floor one-bedroom apartment with a south-facing balcony and open-plan living that feels larger than its footprint. The generous living area brings together lounge, dining and kitchen, while large windows flood the space with natural light and frame elevated urban views. The bedroom includes a built-in walk-in wardrobe and the bathroom offers both a bath and separate shower for flexible daily use.
Offered as a 35% shared ownership share, this home lowers the initial purchase cost to an accessible £133,000, with a monthly rent of £751.53 and a service charge of £163.89. The remaining lease sits at around 116 years and the property is leasehold — important considerations for long-term planning. Council tax is described as affordable and running costs are helped by central heating, double glazing and fast broadband availability.
The building includes lift access and landscaped communal gardens, useful for storage and outdoor breaks in a high-density area. Transport and local amenities are plentiful — cycle hire, shops, cafés and health facilities are close by — making daily life convenient for a first-time buyer.
Buyers should note the wider neighbourhood is classed as deprived with average crime levels; this is reflected in local area dynamics and may influence long-term capital growth. Shared ownership means an ongoing rent obligation and some limitations on resale. For a buyer prioritising lower upfront cost, modern fittings and central living, this apartment offers a practical, well-specified entry into ownership.
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