Fraser Bond, London’s trusted expert in prime residential property, presents a precision guide for prospective buyers aiming to acquire flats in London City Island, Canning Town (E14). From market overview to financial planning and closing strategy, each step empowers you with insight and clarity in this distinguished riverside development.
London City Island offers an array of modern new-build flats—including studios, one-, two- and three-bed apartments, and penthouses—with current pricing as follows:
Studios: From £375,000 (Corson House)
1-Bedrooms: £425,000–£480,000 (Defoe, Modena, Kent)
2-Bedrooms: £600,000–£700,000 depending on layout and viewing angle
Shared-ownership options have also existed—giving entry points from around £110,000 for a portion of equity.
A qualified CeMAP-accredited buying agent ensures structured navigation through City Island’s market, helping source properties—even off-market—at optimal price points.
Meanwhile, get mortgage pre-approval in place early. For new-build projects under £600,000, schemes such as Help to Buy: Equity Loan (now closed to new applicants as of October 2022) may previously have been available. Always verify current eligibility.
London City Island spans numerous buildings. Popular options include Defoe, Modena, Corson, Bridgewater, Echo, and others—all offering long leases (commonly 990–999 years), modern finishes, and cultural amenity access.
Focus your selection on layout, exposure, and rental prospects where applicable.
Beyond the purchase price, factor in:
Stamp Duty Land Tax (SDLT)—tiered to price and personal circumstances
Legal/conveyancing fees (£1,500–£3,000)
Mortgage valuation or arrangement fees (~£500–£1,500)
Service charges (approx. £4,100/year for one-bedroom flats)
Ground rent (typically £500–£1,000/year)
Review all costs early to ensure accurate budgeting and avoid surprises.
Verify lease length, service charge breakdown, and reservation deposit conditions (often £5,000).
Conduct a valuation survey and instruct legal checks for leasehold compliance.
Submit formal offer, followed by exchange and planned completion dates per developer or seller guidance.
As your acquisition completes, Fraser Bond enables:
Resident onboarding and building familiarisation
Lettings service or tenant profiling for investor clients
Ongoing management support, from ground rent payments to lease extension advising
Ready to take your first step on City Island or secure a high-yield investment flat? Book your private advisory appointment now at FraserBond.com/london-city-island
