Emery Way, London, E1W

Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 1

Agent: Visum - Leicestershire Phone: 01455 364911

<p>Property number 53822. Enquire through OnTheMarket's messaging system and we'll respond within 5 minutes, 24/7</p><br/><p>Discount Market Scheme: 42.02% equity and no rent payable on the remaining share. Buyers do not need to be first-time purchasers. </p><p> </p><p>Reference Number: 53822 </p><p> </p><p>A well-presented 1 bedroom Manhattan apartment in Emery Wharf, part of the highly sought-after London Dock development by St George in Wapping. Located on the third floor and extending to 463 sq ft (43 sq m), the apartment is cleverly arranged with a defined sleeping area set behind dividing doors, and benefits from air conditioning, and access to an exceptional suite of resident amenities, offering high-quality city living at a significant discount to open market value. </p><p> </p><p>This apartment is offered under the Discount Market Sale (DMS) scheme administered by the London Borough of Tower Hamlets. The price reflects a 42.02% share of the full open market value, established by two independent RICS valuations, and no rent is payable on the remaining share: you occupy and enjoy the whole apartment while paying for less than half of its value. The same percentage applies on any future sale, preserving the discount for the next owner. Buyers do not need to be first-time purchasers but must meet the scheme's eligibility criteria and enter into a Deed of Covenant; the property cannot be let. </p><p> </p><p>The open-plan kitchen, dining and living area is bright and welcoming, with a full-height window drawing in excellent natural light. The kitchen sits at one end of the space and is fitted with contemporary units and generous worktop and storage space, creating a sociable layout while keeping a natural separation between cooking, dining and relaxing. </p><p> </p><p>The sleeping area is set behind dividing doors, so it can be opened up to the living space or closed off for privacy, and is fitted with built-in wardrobes. A modern family bathroom is finished to a high standard, and a generous sized storage cupboard keeps the living space organised. </p><p> </p><p>The apartment further benefits from air conditioning and secondary glazing, and has been well maintained by the current owner, presenting in excellent decorative order throughout. </p><p> </p><p>Residents of London Dock enjoy access to an impressive range of facilities, including a swimming pool, sauna, steam room, gym with complimentary fitness classes, golf simulator, cinema room, landscaped gardens and two communal roof terraces with panoramic views across London. Residents also benefit from 24-hour concierge and security services, together with secure underground cycle storage. </p><p> </p><p>Ideally positioned between the City and Canary Wharf, Wapping offers a unique blend of historic character and modern convenience. Tower Bridge, St Katharine Docks and the Tower of London are all within easy walking distance, while Tower Hill, Tower Gateway (DLR), Aldgate, Aldgate East and Wapping stations provide excellent transport connections across London. </p><p> </p><p>Key features </p><p>- 463 sq ft (43 sq m) studio apartment with defined sleeping area behind dividing doors </p><p> </p><p>- Third-floor apartment in Emery Wharf, London Dock (built 2020) </p><p> </p><p>- Discount Market Sale: price reflects a 42.02% share of open market value </p><p> </p><p>- No rent payable on the remaining 57.98% share </p><p> </p><p>- Price basis: two independent RICS valuations </p><p> </p><p>- Bright open-plan kitchen, dining and living space with full-height glazing </p><p> </p><p>- Built-in wardrobes and separate storage cupboard </p><p> </p><p>- Air conditioning and secondary glazing </p><p> </p><p>- Modern family bathroom </p><p> </p><p>- 24-hour concierge and security </p><p> </p><p>- Swimming pool, sauna and steam room </p><p> </p><p>- Residents' gym with complimentary fitness classes </p><p> </p><p>- Golf simulator, cinema room and residents' lounge </p><p> </p><p>- Landscaped gardens and two communal roof terraces with panoramic views </p><p> </p><p>- Secure underground cycle storage </p><p> </p><p>- EWS1 certificate in place (rating B1, valid to June 2031) </p><p> </p><p>- Lease: approximately 962 years remaining </p><p> </p><p>- Service charge: £2,900 per annum </p><p> </p><p>- Ground rent: £225 per annum (RPI-linked review every 21 years, first review February 2041) </p><p> </p><p>- Council Tax Band E </p><p> </p><p>- EPC Rating B</p><br/>