Summary - Flat 1, 5, Boulcott Street E1 0HR
1 bed 1 bath Apartment
Secure, well-connected flat ideal for first-time buyers or investors near DLR.
- 474 sq ft one-bedroom apartment in gated development
- Chain free sale, quick completion possible
- Very close to Limehouse DLR and C2C rail links
- Vendor arranging lease extension to 170 years
- Currently only ~80 years remaining on lease (mortgage risk)
- Service charge about £2,900pa; ground rent £250pa
- Small balcony; no private garden, urban street views
- Local crime rate reported as high — consider security/insurance
A well-located one-bedroom apartment on the first floor of a secure gated development, offered chain free and close to Limehouse DLR and C2C services. At 474 sq ft the flat offers an open-plan living room with fitted kitchen, a double bedroom and a family bathroom. The building is modern (post-2007), double-glazed and benefits from a small balcony and good mobile and broadband connectivity.
This home is a practical choice for a first-time buyer or investor seeking immediate access to central London — Bank and Canary Wharf are a short DLR ride away, and local amenities include supermarkets, cafes and regular bus services. The vendor is in the process of extending the lease to 170 years, which will remove a major future concern once completed.
Buyers should note material drawbacks: the current lease shows only around 80 years remaining and some lenders may refuse mortgages until the extension completes. Service charges average around £2,900 per year and ground rent is £250 annually. The local area records higher crime levels, so buyers should factor that into suitability and insurance costs.
The apartment presents straightforward living with some cosmetic updating suggested in the kitchen and general finishes. For an investor this offers rental potential in a well-connected location; for a first-time buyer it provides a compact, move-in-ready base with clear upside once the lease extension is formalised.
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