Affordable shared-ownership flat with excellent transport links and a private balcony.
Approximately 547 sq ft one-bedroom apartment with wrap‑around balcony
This bright one-bedroom apartment offers practical city living for first-time buyers or those looking to downsize. Set on the corner of a contemporary block, the flat measures about 547 sq ft and benefits from a north‑east facing wrap‑around balcony, lift access, double glazing and a fitted kitchen and bathroom. Transport links are a major strength: Maryland station is a five‑minute walk and Stratford (Elizabeth, Central, Jubilee, DLR and national rail) is within 15 minutes on foot.
The property is offered as shared ownership (35% share available at £105,000) which reduces the initial purchase outlay but includes a retained 65% rent to the housing association (approx. £787.62 pcm) and an average service charge of £1,487 pa. The lease has around 104 years remaining and ground rent has no review period; service charges are reviewed annually. Council tax is described as cheap.
Practical realities are honest: the wider neighbourhood scores as deprived with a high local crime rate, and local broadband speeds are average. These factors should be weighed against the strong transport, nearby retail (including Westfield Stratford), the Queen Elizabeth Olympic Park and several well‑rated local schools. The apartment’s neutral décor and functional layout make it move‑in ready, or a straightforward canvas for light updating to increase comfort or resale value.
Overall this is a sensible, lower‑cost route onto the property ladder close to exceptional amenities and transport. It suits a commuter first‑time buyer who prioritises location and affordability and accepts shared‑ownership terms and the local area profile.