A £1.15 million ex-council flat sums up just how bonkers the Chelsea property market truly is
They say: “Buy the worst house in the best street” but when that costs £1.15 million, you know something is awry. A third floor flat in Keppel House on Brompton Cross in Chelsea is illustration of this point and summary of how mad London’s property market now truly is.
For sale through Maskells after a renovation by Ivar Design, the compact two-bedroom property is situated within a block that is still in the majority council tenanted. Built in 1952 and adjoined by properties valued at just £151,000 each in 1999, Ivar Design have admittedly given the flat an impressive makeover.
Now featuring such amenities as “handcrafted and laid chevron flooring” and “mood lighting and bespoke fixtures”, this is undoubtedly one of the most expensive ex-council flats in Britain. Only those who can afford to shop at Stella McCartney – which is located on the building’s ground floor – need apply.
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