Summary - 1 FLAT 87 PRESCOT STREET LONDON E1 8RL
1 bed 1 bath Flat
Bright, well-located Aldgate apartment ideal for first-time buyers.
- Spacious reception room with strong natural light
- One bedroom with fitted storage; 556 sq ft total
- Leasehold with very long lease (approx. 970 years)
- Service charge c. £3,750 pa; ground rent £150 pa
- Electric storage heaters; likely higher running costs
- Cavity walls assumed without insulation; retrofit possible
- Excellent transport, fast broadband, and mobile signal
- Location records very high crime rates; consider security
This bright one-bedroom flat on Prescot Street offers a straightforward city base for a first-time buyer seeking central Aldgate living. The reception room receives strong natural light and the bedroom includes fitted storage, making the most of the apartment’s 556 sq ft. Transport links are excellent with Tower Hill and Aldgate stations within easy walking distance.
Practical details support long-term ownership: an unusually long lease (approx. 970 years) and no flood risk. Fast broadband and excellent mobile signal suit home working and streaming. The building dates from the 1930s–40s and retains period character externally, while the internal presentation is modern and tidy.
Buyers should factor in a relatively high annual service charge (£3,750) and a small ground rent (£150). Heating is by electric storage heaters and mains walls are assumed to be uninsulated cavity construction, so expect higher running costs than a gas-heated property and potential scope for energy-efficiency upgrades. The local area is lively and multicultural but records very high crime rates, which may concern some purchasers.
Overall this apartment suits a buyer wanting immediate central access, good digital connectivity and a ready-to-move-in flat, while accepting higher service charges, electric heating and the need to be mindful of local safety considerations.
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