This month we would like to focus on a small project that is currently being completed in Chelsea (SW10). This property consists of a block of six apartments (one 1 bed, four 2 beds and a 3 bedroom penthouse) which form part of a period building currently being renovated. We like this property because of it’s excellent location, high level of finish and uniqueness in terms of providing a balance between it’s traditional period exterior and modern interiors. This type of project tends to be priced at the upper end of the market as it offers all modern comforts, which on the other hand make it attractive to potential tenants. Rental yields in this part of Chelsea are in the region of 3.0% to 3.25% per annum, making capital appreciation the main source of return in the medium to long term.
Real Estate Advisory
Boutique Development in Chelsea
4th February 2014
