Summary - Flat 117, The Exchange, 5 Lee Street LE1 3AH
1 bed 1 bath Flat
Affordable central flat with communal amenities and upgrade potential for investors or first-time buyers.
- One-bedroom duplex with high ceilings and tall windows
- Compact 440 sq ft; open-plan lounge and fitted kitchen
- Communal lifts, gym and concierge included
- 103 years remaining on lease; leasehold tenure
- Service charge approx. £1,664 and ground rent £100
- Off-street parking available to rent (additional cost)
- Located in a deprived area with very high crime levels
- Good broadband and mobile signal; community gas heating
A compact one-bedroom duplex in the Exchange Building offering city-centre living at an entry-level price. The split-level layout creates a light, airy feel thanks to tall secondary-glazed windows and high ceilings, while an open-plan lounge and fitted kitchen maximise the apartment’s 440 sq ft. Communal amenities include lifts, a gym and concierge services, with off-street parking available to rent.
This leasehold flat has 103 years remaining and is served by a mains gas community heating scheme. Service charges and a small ground rent apply (approx. £1,664 service charge; £100 ground rent), so running costs should be factored into affordability or rental yield calculations. Broadband and mobile signal are strong, and the property was constructed in the 2007–2011 period, so major structural renewal is unlikely in the short term.
The location suits investors, professionals or a first-time buyer wanting central living close to shops, transport links and local amenities. Note the immediate area is classified as deprived with very high local crime levels; prospective purchasers should check safety, insurance and rental demand considerations. The flat is presented as liveable but offers scope for cosmetic update to increase rental appeal or personal comfort.
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