Share of freehold with 993-year lease remaining
This bright one-bedroom first-floor flat in a 1990s purpose-built development offers a straightforward, move-in-ready option for a first-time buyer seeking easy access to central London. The apartment benefits from a long lease (993 years), share of freehold ownership, gated allocated parking and a Juliette balcony that brings natural light into the living space.
Positioned 0.4 miles from Surrey Quays overground and 0.9 miles from Canada Water (Jubilee line), the flat is well connected for commuting. Local amenities, shops and buses are all close by, with Southwark Park under a mile away and the Greenland Surrey Quays Pier (river bus) a short walk. The area is also earmarked for major regeneration under the Canada Water masterplan, which may increase local convenience and long-term value.
Practical considerations include electric storage heaters as the main heating source and a service charge averaging £1,972 per year. The property has a C EPC rating and double glazing, but buyers looking for lower running costs should note the electric heating. The immediate local area is classified as deprived, so buyers should weigh current neighbourhood character against planned investment and regeneration potential.
Chain free and offered with a very long lease, this flat suits first-time buyers or commuters who prioritise transport links, secure parking and low initial fuss. There is modest scope to personalise or modernise the interior to add value over time.
