Summary - Flat 16 Altius Apartments, 714, Wick Lane E3 2PZ
1 bed 1 bath Flat
Compact modern flat near parkland and Tube, ideal for first-time buyers.
Chain free one-bedroom flat with private balcony and communal roof terrace
Approx 517 sqft (48 sqm) efficient open-plan living layout
239 years remaining on lease — long leasehold term
Service charge ~£2,800pa; ground rent £250pa (ongoing costs)
Electric room heaters (no gas central heating) — higher running costs possible
Excellent transport links: Bow Road Tube within short walk
Close to Victoria Park and local cafes, canals, amenities
Area classed as relatively deprived; crime levels average
Set within a modern development on Wick Lane, this one-bedroom flat offers a compact, well-laid-out home close to Bow Road station and Victoria Park. The open-plan living space stretches along one long aspect, flooding the apartment with light and giving direct access to a private balcony. A generous double bedroom and built-in storage complete the core accommodation for a single professional or couple.
Practical details suit a first-time buyer: the lease has 239 years remaining and the property is chain free. Communal benefits include lift access and a large roof terrace for socialising or quiet outdoor time. The 517 sq ft (approx.) layout is efficient, making the most of the footprint for everyday living and easy furniture placement.
Buyers should note the building runs electric heating via room heaters rather than gas central heating, and the annual service charge and ground rent are significant (approx. £2,800 service charge; £250 ground rent). The surrounding area is lively and well connected but classed as relatively deprived with average crime figures — factors to consider for resale or long-term rental plans.
Overall, this is a sensible entry-level purchase for someone prioritising transport links, nearby green space and a turnkey, contemporary apartment. It also has investor appeal for short-let or long-let rental given the location and communal amenities, provided the running costs and heating type fit the buyer’s budget and strategy.
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