Compact first-floor pied-à-terre with concierge and immediate rental income potential.
First-floor studio with lift and 24hr concierge
Approx 183 sq ft — very compact single-room layout
Currently let at £430 pw; two-year tenancy with two-month break clause
Lease approx 84 years — will require extension in coming years
Service charge c. £2,100 pa; ground rent £150 pa
Communal heating/hot water — limited individual control
No parking or private outdoor space; central urban location
Constructed 1930s–1940s; solid brick walls, likely no insulation
Set within the iconic Chelsea Cloisters on Sloane Avenue, this first-floor studio offers compact, turnkey city living with 24-hour concierge and lift access. The apartment is neutrally finished with a bay-windowed main room, separate small kitchen, bathroom and built-in storage — ideal as a central pied-à-terre or buy-to-let unit.
The flat is currently let at £430 per week under a two-year tenancy with a two-month break clause, offering immediate rental income for an investor. Communal heating and hot water are provided through the building’s scheme, simplifying utility management but limiting individual control.
Key practical considerations: the property is very small at approximately 183 sq ft and the lease has about 84 years remaining, meaning a lease extension will be required in the medium term. Service charge and ground rent are notable ongoing costs and should be factored into yield calculations.
For a buyer seeking a central Chelsea address, easy access to South Kensington and Sloane Square, and a hands-off rental opportunity, this studio presents clear convenience and rental potential. Those wanting long-term owner-occupation or a larger home should note the limited living space and lease position.
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