Mercer Court
£158,400 for a 36% share
Property description
Two bedroom apartment close to Mile End Park
Property address
Candle Street, Mile End, E1 4SF
2 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value: £440,000
Share Value (36%): £158,400
Monthly Rent: £678.52
Service Charge: £206.90
Council Tax Band: C
125 year lease commenced March 2007 - 106 years remaining
EWS1 Certification - B1 RATING - We are now working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
Enter this two bedroom east facing apartment via a hallway with storage. A well proportioned open plan reception room has a door leading to a juliette balcony. The kitchen is fitted with a range of Beech wall and base units and includes an integrated oven, hob and extractor. The generous main bedroom gives ample space for a home office or alternatively use the second double room as an office. A recently renovated Metro-tiled bathroom completes the accommodation.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Mercer Court is ideally located for those looking to live in a vibrant and well-connected part of East London. It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the Elizabeth, District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station. Mile End station also gives you access to the Central line as well as the District and Hammersmith & City lines.
The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling. The nearby Whitechapel High Street offers a mix of shops, markets, and eateries. Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants. Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £59,653. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of December 2025.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £440,000 |
|---|---|
| Minimum Share Percentage | 36% |
| Minimum Share Value | £158,400 |
| Monthly Service Charge | £207 |
| Minimum Deposit | £15,840 |
Mercer Court is ideally located for those looking to live in a vibrant and well-connected part of East London. It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the Elizabeth, District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station. Mile End station also gives you access to the Central line as well as the District and Hammersmith & City lines.
The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling. The nearby Whitechapel High Street offers a mix of shops, markets, and eateries. Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants. Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community.
Others
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden