Summary - 1 FLAT 502 PEPYS STREET LONDON EC3N 2NU
1 bed 1 bath Apartment
Perfect central pied-à-terre for professionals seeking low-maintenance living and transport links.
- Fifth-floor lateral apartment with private balcony and lift access
- Chain-free sale; long lease (123 years)
- Open-plan reception with integrated kitchen and good natural light
- Concierge service in modern development (built 2003–2006)
- Above-average service charge (£4,851) and high ground rent (£700)
- Council tax above average; running costs likely higher than average
- Electric underfloor heating; double glazing installed post-2002
- Local crime level reported as very high; consider security and insurance
This fifth-floor, chain-free apartment is a compact, well-presented lateral home in the financial district, ideal for a city professional or investor. The open-plan reception leads to a private balcony and benefits from plentiful natural light, integrated kitchen, and built-in bedroom storage. A concierge and lift add daily convenience in a modern development completed in the mid-2000s.
Practical details are straightforward: double glazing, electric underfloor heating, and a long lease of 123 years. The property is offered leasehold with an above-average service charge and a relatively high ground rent; council tax is also above average. These running costs affect total monthly expenditure and should be reviewed against intended use, whether owner-occupier or buy-to-let.
Location is a major asset: moments from Fenchurch Street and Tower Hill stations, Leadenhall Market and riverside amenities, with excellent transport, fast broadband and plentiful local services. Note the local crime level is very high according to available data; buyers should factor personal security and insurance implications into their plans.
The building’s external wall materials have been assessed and deemed not to require remedial fire-safety works. The apartment requires no immediate renovation but is best suited to those seeking a modern, low-maintenance city base rather than a large-family dwelling.
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