Summary - Palmers Road, E2 E2 0TB
2 bed 1 bath Penthouse
Panoramic canal and park views in a modern eighth-floor home.
35% shared ownership — purchase 35%, rent 65% (£823 pcm)
A bright eighth-floor penthouse with 688 sq ft of well-planned living space, ideal for a first-time buyer seeking modern city living with long-term value. Floor-to-ceiling windows and a full-length private balcony deliver exceptional natural light and panoramic canal-to-park views. The principal bedroom includes an en-suite, fitted wardrobe and a practical desk area for home working.
This is a 35% shared ownership sale: you purchase a 35% share and pay rent on the remaining 65% (monthly rent £823). The apartment is chain-free, leasehold with 107 years remaining and benefits from fast fibre broadband and secure communal facilities. The open-plan reception and fitted kitchen, laminate floors and generous storage make the layout low-maintenance and move-in ready.
Notable running costs include an annual service charge of £2,373.24, ground rent £250 pa and electric storage heating, which can be more expensive than gas alternatives. Parking is available to rent separately from the freeholder; a space is not included. EPC band D is average for the area.
Positioned beside the Regent’s Canal and Mile End Park, the location offers strong local amenities, green space and good connections — approximately a 20-minute walk to Mile End tube and Hackney Wick overground. The property suits buyers wanting a light, contemporary home with excellent outdoor views and clear shared-ownership costs to factor into affordability.
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