Bright fourth-floor apartment near Victoria Park and transport links.
30% shared ownership; asking price £150,000
South-facing private balcony with long outside space
Fourth-floor position; good natural light and urban views
766 sq ft internal area; open-plan reception room
Electric room heaters — likely higher running costs
Lease c.108 years remaining; shared ownership tenure
Service charge £2,373 pa and ground rent £250 pa
No private garden; communal planted areas only
This fourth-floor, two-bedroom apartment on Palmers Road is offered as 30% shared ownership with an asking price of £150,000. Set in a modern purpose-built block, the flat provides 766 sq ft of open-plan living, a long south-facing balcony and good natural light — practical, comfortable accommodation for a first-time buyer seeking an East London base.
The layout centres on a spacious reception with an integrated kitchen and floor-to-ceiling glazing that opens onto the balcony. Both bedrooms are well finished and the principal bedroom has built-in storage and balcony access. Communal areas are well maintained and the flat is offered chain free, ready to move into.
Important practical points: heating is by electric room heaters which can be more expensive than gas; the lease has around 108 years remaining; annual service charge (£2,373) and ground rent (£250) apply. There is communal planted space rather than a private garden, and residents should factor these costs and the tenure structure into affordability calculations.
Location is a strong selling point: Victoria Park, Mile End Park and Bethnal Green are all within easy reach, with multiple transport options and an active local scene of shops, markets and cafés. For a first-time buyer wanting a modern apartment close to green space and good connections, this flat offers a practical route onto the property ladder with immediate occupancy potential.
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