Former artist’s studio in South Kensington for sale for a sum 229% higher than it achieved in 2007
Situated within a building known as ‘The Art Club’, a north facing former artist’s studio in Roland Gardens, SW7 is for sale for £2.3 million in spite of having just one bedroom on a mezannine level open to the flat’s main room.
Situated primarily on the ground floor, the 1,032 square foot apartment offered centres around a 33-foot long drawing room with a ceiling height of 14-foot and comes with a small kitchen and shower room. It is described by selling agents Winkworth as “offering exceptional volume” and includes such features as parquet flooring, specialist paintwork and a glass gallery.
The building – which is described as part of a pair of “undistinguished red-brick houses in the Queen Anne manner” by British History Online – was the home of the perfumer Stanley Coles of Molinelle Perfumes in the late 1920s and 1930s and the artist Frances E. Nesbitt (1864 – 1934) circa 1918.
The flat is offered on a sharehold basis with a lease of 999 years from 2000.
The Numbers – Flat 2, 49 Roland Gardens, London, SW7 3PG
2017 – For sale for £2.30 million
$2.96 million, €2.63 million or درهم10.89 million
2013 – Sold for £1.425 million
The equivalent of £1.499 million, $1.932 million, €1.720 million or درهم7.098 million today
2007 – Sold for £700,000
The equivalent of £891,000, $1.15 million, €1.02 million or درهم4.22 million today
Globalization surely has to be a factor? … lots more rich foreigners wanting to add to their RE portfolio. Same thing in New York. And it doesn’t even help the local economy because the owners are rarely there. Such is progress.
A great room but it is a room and not much else. This is suitable for 1 person only really and at £2,228psf the ask is a little ambitious to the mind of this humble property professional.