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.
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.
I wonder what the lease extension might cost.
Way more than you could afford, boy
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.
Well, Dodge, people buy leaseholds and then have (generally) the right to what is known as enfranchise….did that help you?
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? ([email protected])
Tell him he’s dreaming cobber.
No Dodgy…that is a quite modest price for the area. I expect it seems expensive to you living in Crystal Palace