Site icon The Steeple Times

Maxing the council

Maxing the council - A £1.15 million ex-council flat sums up just how bonkers the Chelsea property market truly is

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.

 

Keppel House is a building that would not look out of place in Communist Russia
This floor plan shows how Ivar Design have cleverly reconfigured the apartment
The flat has a view over the gardens of Pelham Crescent to the front
Ivar Design previously made over this 686 square foot flat within the building and marketed it at £1.295 million

 

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.

 

 

Subscribe to our free once daily email newsletter here:

     

    Exit mobile version