Spacious central apartment with refurbishment upside and strong rental potential.
• 893 sqft two-bedroom apartment in central Chelsea
• Recently refurbished communal areas, new lifts and CCTV
• 5th floor with lift and 24-hour porterage
• West-facing reception room with good natural light
• Unmodernised — requires full cosmetic renovation
• Lease approx 16 years; lenders likely to refuse mortgages
• Seller can serve Section 42 Notice to extend lease
• Ground rent £90; community heating and secondary glazing
Set on the fifth floor of a grand red-brick building in Chelsea, this spacious two-bedroom flat offers 893 sqft of well-proportioned accommodation in a sought-after central location. Communal areas have been recently refurbished and the block benefits from a lift, 24-hour porter, CCTV and electric entry gates — practical amenities that support long-term rental appeal or a high-end refurbishment project.
The apartment has a west-facing reception with good natural light, a separate kitchen and two bedrooms that share a bathroom. The property is unmodernised and in need of refurbishment, giving an incoming buyer scope to add value through layout improvements, specification upgrades and cosmetic renovation.
A material consideration is the short lease—approximately 16 years remaining. Mortgage lenders are likely to refuse lending unless the lease is extended. The seller can serve a Section 42 Notice so a buyer can negotiate a 90-year extension, but extension costs and timing should be factored into any purchase plans. Ground rent is modest at £90 and communal heating is on a community scheme.
This flat will suit a buyer able to purchase with cash or arrange private funding, and an investor or developer looking for an inner-Chelsea refurbishment opportunity close to King’s Road amenities, excellent transport and top local schools. Be aware of potential council tax costs and the need for renovation works before occupation or letting.
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