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Tuesday, June 2, 2020

Ruskin’s fixer-upper

Part of a Mayfair house occupied by the art critic John Ruskin and the architect Charles Tatham before him comes to the market for £1.25 million despite requiring complete renovation, having just 923 square foot of floor space and being held on a lease of only 15 years

 

Estate agents like the phrase great potential and in their marketing material for a first floor flat in a Mayfair building occupied by one of the architects who worked on Nelson’s Column, Charles Tatham (1772 — 1842), in the 1800s and by the art critic John Ruskin (1819 — 1900) in the 1850s, Wetherell certainly gush about such.

 

Ruskin's fixer-upper - 6 Charles Street, Mayfair, London, W1J 5DG - £1.25 million - Wetherell
Flat 3, 6 Charles Street, Mayfair, London, W1J 5DG – This grand reception room is undoubtedly the apartment’s finest selling point despite such features as the ceiling plainly being in need of attention

 

Undoubtedly the most impressive part of the apartment on offer is its 25-foot by 21-foot reception room. It has a ceiling height of some 15-foot and three windows that lead onto a balcony. A somewhat awkward arrangement is beyond with a bedroom that leads into a kitchen and a bathroom beyond but with some clever reconfiguration, this could no doubt be improved.

 

Ruskin's fixer-upper - 6 Charles Street, Mayfair, London, W1J 5DG - £1.25 million - Wetherell
The bedroom leads to the kitchen and the bathroom beyond currently

Ruskin's fixer-upper - 6 Charles Street, Mayfair, London, W1J 5DG - £1.25 million - Wetherell
The narrow kitchen is certainly basically equipped

Ruskin's fixer-upper - 6 Charles Street, Mayfair, London, W1J 5DG - £1.25 million - Wetherell
The bathroom is equally basic

Ruskin's fixer-upper - 6 Charles Street, Mayfair, London, W1J 5DG - £1.25 million - Wetherell
6 Charles Street is situated opposite The Only Running Footman

 

Of the property, which has an asking price of £1.25 million ($1.93 million, €1.76 million) and is held on a lease with 15 years remaining, selling agent Peter Wetherell of Wetherell commented:

 

“This is Mayfair’s ultimate fixer-upper opportunity currently on the market. Charles Street is one of Mayfair’s most desirable addresses, close to Green Park and Hyde Park and just a short walk from Berkeley Square, Bond Street and Mount Street”.

 

A lease extension for the apartment has been estimated in the range of £1 million to £1.2 million ($1.5 million to $1.9 million, €1.4 million to €1.7 million) and after that and an investment of £500 per square foot ($774, €702) in renovations, the apartment would supposedly be worth in the range of £4 million ($6.2 million, €5.6 million) .

 

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