Summary - Flat 30, 1 Concorde Way SE16 2PY
2 bed 1 bath Apartment
Modern seventh-floor two-bed with balcony — great transport links but short lease risk.
Top-floor two-bedroom apartment with private balcony and city views
Approx. 680 sq ft — well-proportioned living space
Excellent transport links: Canada Water and Surrey Quays nearby
Double glazing and mains gas central heating with radiators
Service charge c. £2,291.88 per year (includes insurance, maintenance)
Lease c. 80 years remaining — lenders likely to refuse mortgages
Local area very deprived; crime level reported as average
Best suited to cash buyers or investors prepared to extend lease
Light-filled seventh-floor (top) two-bedroom apartment offering about 680 sq ft of well-proportioned space with a private balcony and city views. The building is modern, built c.1996–2002, with double glazing, mains gas central heating, and lift access — practical features for everyday living or letting.
The location is a clear strength: a short walk to Surrey Quays Overground and close to Canada Water Jubilee line, with frequent bus routes and fast broadband. Local shops, schools (including several rated Good or Outstanding) and Southwark Park are all within easy reach, making the area convenient for renters and commuters.
Important drawbacks are stated plainly. The lease has c.80 years remaining; many mortgage lenders will refuse to lend on this term, so purchasers should expect to need cash or to factor in the cost and process of a lease extension. Service charges are around £2,291.88 per year — the figure includes building insurance, general maintenance, lift and ground rent — and the local area is recorded as very deprived with average crime levels.
Given the lease position, this apartment will most appeal to cash buyers, buy-to-let investors familiar with lease-extension costs, or buyers who plan to pursue and budget for a lease extension. It delivers immediate convenience and rental potential but requires attention to tenure and running costs before committing.
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