Summary - Flat 704, The Mast, 2 Albert Basin Way E16 2QZ
1 bed 1 bath Penthouse
Ideal commuter home with strong rental appeal and fast transport links.
Private balcony with lock-side waterside outlooks
This high-floor one-bedroom penthouse sits on the Gallions Reach waterfront and offers expansive lock-side outlooks from a private balcony. The open-plan living area, integrated kitchen and generous double bedroom make efficient use of the 581 sq ft footprint while large picture windows deliver abundant natural light.
Practical benefits include lift access, ESW1 cladding compliance, a long lease (178 years), no onward chain and very good transport links: a 5-minute walk to Gallions Reach DLR and quick connections to the Elizabeth Line and Canary Wharf. Broadband and mobile signals are strong, supporting home working or short-term lets.
Buyers should factor in material running costs and local context: a high service charge of around £3,500pa, an expensive ground rent (£712pa) and electric underfloor heating (electric-only fuel) that can increase bills. The neighbourhood records above-average crime rates and sits within a more deprived local area, which may affect resale and lettings perception.
The flat is compact and best suited to a single commuter or investor seeking reliable rental demand rather than a family needing wide living space or a private garden. Transparency on costs and area trade-offs makes this a straightforward, chain-free purchase for the right buyer.
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