Locksons Close, E14

LOCKSONS CLOSE, E14 — POPLAR / LANGDON PARK | See Virtual Tour
902 SQ FT | 2 BED | 2 BATH | GROUND FLOOR | LEASEHOLD 77 YRS | EPC C

ASSET
Ground-floor two-bedroom, two-bathroom flat, 902 sq ft gross internal, within the gated Locksons Close development on the banks of the Limehouse Cut. A 20 ft reception room and a separate 16 ft kitchen open to a private patio running the full width of the flat at approximately 42 ft. Principal bedroom with en-suite shower room, a second double bedroom, a family bathroom and a storage cupboard. The development is secure and gated, set beside Bartlett Park with the canal towpath at the doorstep.

TENURE & HOLDING COSTS
Leasehold — 77 years remaining, below the 80-year threshold: a lease extension will attract marriage value under current law and buyers should price the premium accordingly. Cash buyers only. Ground rent: TBC. Service charge: TBC. Council tax: TBC (LB Tower Hamlets). EPC: C.

CONDITION
Full refurbishment required. Services and appliances have not been and will not be tested.

CONNECTIVITY
Langdon Park (DLR) — around 0.3 miles, four stops to Canary Wharf; Devons Road (DLR) — 0.4 miles; All Saints (DLR) — 0.5 miles; Limehouse (DLR and c2c) — 0.9 miles. The Limehouse Cut towpath runs from the development to Limehouse Basin and the Thames Path in one direction and toward Victoria Park and the Olympic Park in the other. Chrisp Street's shops and market are within walking distance, with Canary Wharf's retail and dining a short DLR ride south.

BUY CASE
902 sqft of ground-floor space with a 42 ft patio in a gated canalside development — a scale of flat rarely available at a short-lease, unmodernised entry price. The value play is sequential: cash purchase, statutory lease extension, full refurbishment — each step adding term and value ahead of exit. For a cash-buying owner-occupier, a canalside home configured to their own specification with the extension securing the long-term hold. For an investor, exit by resale once extended and modernised, or a single let to the Canary Wharf-facing rental market.

We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. The initial checks are carried out on our behalf by Coadjute. The cost of these checks is £80 (excl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you and the checks must be completed. We will receive some of the fee taken by Coadjute to cover our costs in our role in the provision of these checks.