Down in Chelsea

Down in Chelsea – Property prices down 19%, forced sales up – Property prices significantly down in Chelsea whilst ‘forced sales’ increase.

Property prices significantly down in Chelsea whilst ‘forced sales’ increase

With news that house prices have fallen 19% in the Royal Borough since 2014 comes yet more proof that Brexit has taken its toll on the wealthiest area of London.

 

Aside from that uncertainty, the number of ‘forced sales’ is increasing in the are also. An example comes in the form of a Knightsbridge mews house offered by Kaye & Carey on behalf of the LPA Receivers.

 

Built on the site of a former bakery in Montpelier Mews in 2001, the 3,854 square foot property consists of five floors of accommodation and includes 4 reception rooms, a cinema room, 3 bedrooms, 5 bathrooms and a roof terrace.

 

A guide price of £5.95 million ($7.49 million, €6.71 million or درهم27.51 million) has been set for the freehold.

 

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