Summary - DAMIEN COURT FLAT 29 DAMIEN STREET LONDON E1 2HL
2 bed 1 bath Flat
Practical central Whitechapel two-bed with ready rental potential and gated parking.
Two double bedrooms and generous reception room, 621 sq ft (58 sqm)
Newly renovated throughout with new floor coverings
Gated development with remote vehicular access and secure cycle store
Third-floor access via rear balcony; two lifts in block
Lease has 45 years remaining — lenders likely to refuse mortgages
Freeholder to extend lease to 90 years on completion; cost £86,308.29
Tenant in situ; two months' notice required for vacant possession
Service charge approx. £1,188.01 for first six months of 2024
A bright, newly renovated two-bedroom third-floor flat in Damien Court, offering 621 sq ft of practical living space in central Whitechapel. The apartment benefits from large windows, a generous reception room, fitted kitchen, double glazing and gas central heating — ready to let or occupy immediately.
The block is gated with remote-controlled vehicular access, secure cycle storage and recently added lifts after rooftop duplexes were constructed. Service charge is moderate and council tax is described as cheap; the property sits close to Whitechapel station and local amenities, making it well placed for tenants or short-term lettings.
Important lease information affects financing: the current lease has 45 years unexpired, which will likely prevent mortgage lenders from lending. The freeholder has agreed that the lease will be extended to 90 years on completion, at a negotiated cost of £86,308.29 to be met from the sale proceeds so the incoming buyer will receive the extended lease without an upfront charge.
The flat is tenanted and can be sold with vacant possession; the tenant is entitled to two months’ notice. Investors should weigh the upfront lease-extension arrangement and the high-crime local statistics against the strong transport links, nearby employment and rental demand in Whitechapel.
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