A Porsche or a Pad?

One bedroom, first floor flat in Cadogan Gardens, Chelsea for sale for less than the price of a 1992 Porsche 911

A 754 square foot apartment on the first floor of a red brick Victorian building in Cadogan Gardens, Chelsea, SW3 has gone on sale for what seems like a bargain sum.

 

A Porsche or a Pad? – One bedroom, first floor flat in Cadogan Gardens, Chelsea, London, SW3 for sale for just £175,000 through Russell Simpson. Alternatively Hexagon Classics have a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995.
The reception room of the apartment on offer.
A Porsche or a Pad? – One bedroom, first floor flat in Cadogan Gardens, Chelsea, London, SW3 for sale for just £175,000 through Russell Simpson. Alternatively Hexagon Classics have a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995.
The Porsche that is available for just slightly more.

Priced at just £175,000 ($230,000, €208,000 or درهم844,000) or £232 per square foot ($305, €276 or درهم1,119 per square foot), the catch with this property is its lease – which is extendable, but just 3 years and 6 months currently. It has a large south facing reception room with a ceiling height of 11’8” and French doors, a small kitchen, one bedroom and a bathroom.

 

Agents Russell Simpson seek best and final bids by 12 noon on the 12th December. They market the property as having “scope to remodel into a spacious two bedroom apartment.”

 

Alternatively, someone with a similar sum going spare this Christmas could pick up a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995 ($236,000, €214,000 or درهم868,000) currently.

 

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A Porsche or a Pad? – One bedroom, first floor flat in Cadogan Gardens, Chelsea, London, SW3 for sale for just £175,000 through Russell Simpson. Alternatively Hexagon Classics have a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995.
A Porsche or a Pad? – One bedroom, first floor flat in Cadogan Gardens, Chelsea, London, SW3 for sale for just £175,000 through Russell Simpson. Alternatively Hexagon Classics have a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995.
A Porsche or a Pad? – One bedroom, first floor flat in Cadogan Gardens, Chelsea, London, SW3 for sale for just £175,000 through Russell Simpson. Alternatively Hexagon Classics have a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995.
A Porsche or a Pad? – One bedroom, first floor flat in Cadogan Gardens, Chelsea, London, SW3 for sale for just £175,000 through Russell Simpson. Alternatively Hexagon Classics have a 1992 Porsche 911 (964) Carrera RS Lightweight from Hexagon Classics. They have one on offer for £179,995.

7 COMMENTS

  1. I never did understand free hold and lease hold. How on earth anybody in their right mind could purchase a property that is lease hold is beyond me. You buy a house, but you don’t own the land it stands on? crazy. It’s where the rich get richer and the poor stay poor.

  2. Hi Eric
    A lease extension expert estimated the cost to be in the region of £1,375,000.
    Please let me know if you would like more information? (hrussell@russellsimpson.co.uk)

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