Service charges at London City Island reflect the premium nature of the development, encompassing concierge services, resident amenities, estate maintenance, and long-term reserve contributions. As a landmark riverside project by Ballymore, service charge levels are in line with other luxury mixed-use schemes across East London.
Based on developer guidance and market benchmarks, estimated service charges are approximately:
| Apartment Size | Est. Annual Cost (@ £5.14–£5.20 psf) |
|---|---|
| Studio (500 sq ft) | £2,570 – £2,600 |
| 1-Bed (600 sq ft) | £3,084 – £3,120 |
| 2-Bed (750 sq ft) | £3,855 – £3,900 |
| 3-Bed (900 sq ft) | £4,626 – £4,680 |
These charges typically include:
24-hour concierge
Building insurance
Heating and cooling systems maintenance
Gym, pool, and spa access
Communal lighting, cleaning, and landscaping
Contributions to the estate sinking fund
Flat size and layout – Charges are based on internal square footage.
Block allocation – Some blocks (e.g. Kent Building, Defoe House) have higher servicing levels.
Tenure – Leaseholders who sublet may incur admin fees or insurance uplifts.
Service charges are typically billed bi-annually, with detailed budgets and actuals issued by Realty Management. Leaseholders can access statements via the online portal.
If discrepancies arise, leaseholders can query or challenge costs through:
First-tier Tribunal (Property Chamber)
Leasehold Valuation Tribunal guidance
Residents’ Association oversight
As part of our property management and advisory services, Fraser Bond provides:
Benchmarking reviews – Are your charges above fair market rates?
Dispute resolution support – Including formal lease clause analysis
Investor guidance – Total cost of ownership modelling for buy-to-let portfolios
Whether you’re reviewing service charge costs, managing a portfolio, or planning to let, Fraser Bond ensures transparency and performance at every stage. Visit FraserBond.com for tailored property guidance across London City Island.
