2 Bed Flat, Single Let, London, SW3 4EE, £1,400,000

Smith Street, Chelsea, London, SW3 4EE - 2 views - 2 years ago

Leasehold

BTL

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£500K - £4.3M
Sold Prices/m²	£8.4K/m² - £22.2K/m²

Square Metres	~68.11 m²
Price/m²	£20.6K/m²
Value Estimate	£1,114,495£1,114,495

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£350,000£350,000
Stamp Duty & Legal Fees	£124,450£124,450
Total Cash In	£474,450£474,450

Cash Out
Rent Range	£2,384 - £10,833£2,384 - £10,833
Rent Estimate	£2,850
Running Costs/mo	£4,965£4,965
Cashflow/mo	£-2,115£-2,115
Cashflow/yr	£-25,380£-25,380
Gross Yield	2%2%

Local Sold Prices

51 sold prices from £500K to £4.3M, average is £1.2M. £8.4K/m² to £22.2K/m², average is £14K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.4M	05/23	0.1 mi	First And Second Floor Flat, 20, Walpole Street, London, Greater London SW3 4QP	-	-	2	Flat
£800K	02/24	0.11 mi	65, Radnor Walk, London, Greater London SW3 4BT	£8,421	95	2	Flat
£1.3M	01/21	0.12 mi	First Floor Flat, 43, Tedworth Square, London, Greater London SW3 4DW	-	-	2	Flat
£1.3M	06/21	0.13 mi	Flat 90, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£1.5M	09/23	0.14 mi	Flat B, 2, Anderson Street, London, Greater London SW3 3LU	-	-	2	Flat
£2.2M	01/23	0.14 mi	Flat 87, Whitelands House, Cheltenham Terrace, London, Greater London SW3 4RA	-	-	2	Flat
£1.7M	08/23	0.17 mi	Upper Maisonette, 25, Redesdale Street, London, Greater London SW3 4BL	£17,784	97	2	Flat
£1.1M	06/23	0.2 mi	Flat 8, York House, Turks Row, London, Greater London SW3 4TH	-	-	2	Flat
£1.1M	09/23	0.2 mi	93a, Flood Street, London, Greater London SW3 5TB	£16,462	65	2	Flat
£1.2M	09/21	0.21 mi	Flat 54, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.3M	05/21	0.21 mi	Flat 113, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£915K	12/21	0.21 mi	Flat 67, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RX	-	-	2	Flat
£500K	03/23	0.21 mi	Flat 91, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RY	-	-	2	Flat
£1.3M	06/23	0.21 mi	Flat 96, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RU	-	-	2	Flat
£850K	12/23	0.21 mi	Flat 4, Swan Court, Chelsea Manor Street, London, Greater London SW3 5RT	-	-	2	Flat
£1.6M	12/20	0.22 mi	34a, Tite Street, London, Greater London SW3 4JA	£22,222	72	2	Flat
£2.2M	02/21	0.23 mi	Flat 19, Culford Mansions, Culford Gardens, London, Greater London SW3 2SS	-	-	2	Flat
£1.3M	03/21	0.23 mi	Flat 1, Astell House, Astell Street, London, Greater London SW3 3RX	-	-	2	Flat
£2.0M	01/21	0.23 mi	105, Flood Street, London, Greater London SW3 5TD	-	-	2	Flat
£1.4M	05/21	0.24 mi	Flat 206, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HG	-	-	2	Flat
£1.7M	06/23	0.24 mi	Flat 53, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HW	-	-	2	Flat
£1.7M	08/23	0.24 mi	Flat 164, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HF	-	-	2	Flat
£1.5M	07/23	0.24 mi	Flat 237, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HD	-	-	2	Flat
£950K	05/21	0.25 mi	Flat 22, Britten House, Britten Street, London, Greater London SW3 3UB	-	-	2	Flat
£1.2M	03/23	0.26 mi	Flat 77, Cranmer Court, Whiteheads Grove, London, Greater London SW3 3HH	-	-	2	Flat
£890K	06/21	0.27 mi	Flat 42, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£1.1M	09/21	0.27 mi	Flat 38, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QP	-	-	2	Flat
£620K	06/21	0.27 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£620K	06/21	0.27 mi	Flat 74, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	£11,698	53	2	Flat
£620K	03/21	0.27 mi	Flat 67, Chesil Court, Chelsea Manor Street, London, Greater London SW3 5QS	-	-	2	Flat
£1.6M	01/23	0.28 mi	Flat 2, Rossetti Garden Mansions, Flood Street, London, Greater London SW3 5QY	-	-	2	Flat
£592K	04/21	0.29 mi	21, Wiltshire Close, London, Greater London SW3 2NS	£11,608	51	2	Flat
£656K	05/21	0.29 mi	Flat 5, Wedderburn House, Lower Sloane Street, London, Greater London SW1W 8BZ	-	-	2	Flat
£1.4M	11/20	0.35 mi	Garden Maisonette, 105, Oakley Street, London, Greater London SW3 5NR	-	-	2	Flat
£665K	04/23	0.41 mi	Flat 45, Pond House, Pond Place, London, Greater London SW3 6QS	-	-	2	Flat
£1.2M	06/21	0.42 mi	Flat 29, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£1.4M	09/21	0.42 mi	Flat 21, Thurloe Court, Fulham Road, London, Greater London SW3 6SB	-	-	2	Flat
£875K	06/23	0.43 mi	Ground Floor Flat, 18, Bramerton Street, London, Greater London SW3 5JX	£16,264	54	2	Flat
£1.1M	02/21	0.44 mi	Flat 9, Venner House, Bourne Street, London, Greater London SW1W 8UR	-	-	2	Flat
£605K	03/21	0.45 mi	14, Richards Place, London, Greater London SW3 2LA	£16,806	36	2	Flat
£1.2M	07/23	0.46 mi	Flat B, 41, Lennox Gardens, London, Greater London SW1X 0DF	-	-	2	Flat
£1.2M	07/23	0.46 mi	Flat B, 41, Lennox Gardens, London, Greater London SW1X 0DF	-	-	2	Flat
£3.8M	01/23	0.46 mi	Flat D, 41, Lennox Gardens, London, Greater London SW1X 0DF	-	-	2	Flat
£1.8M	04/21	0.46 mi	7a, Sydney Place, London, Greater London SW7 3NL	-	-	2	Flat
£1.0M	10/23	0.49 mi	Flat 2, Kings Mansions, Lawrence Street, London, Greater London SW3 5ND	-	-	2	Flat
£2.9M	12/20	0.52 mi	Flat 4, Walton House, Walton Street, London, Greater London SW3 2JH	-	-	2	Flat
£4.3M	04/23	0.57 mi	Basement And Ground Floor Premises, 100, Eaton Place, London, Greater London SW1X 8LW	-	-	2	Flat
£625K	01/24	0.6 mi	Semley House, Flat 43, Semley Place, London, Greater London SW1W 9QJ	£8,562	73	2	Flat
£675K	02/23	0.6 mi	Flat 41, Semley House, Semley Place, London, Greater London SW1W 9QJ	-	-	2	Flat
£560K	06/23	0.6 mi	Flat 37, Semley House, Semley Place, London, Greater London SW1W 9QJ	-	-	2	Flat
£801K	12/20	0.61 mi	7a, Anhalt Road, London, Greater London SW11 4NZ	-	-	2	Flat

Local Rents

50 rents from £2.4K/mo to £10.8K/mo, average is £4.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,000	09/24	0.09 mi	Kings Road, Chelsea	2	Flat
£3,250	09/24	0.09 mi	Kings Road, Chelsea	2	Flat
£7,995	09/24	0.1 mi	Walpole Street, SW3	2	Flat
£6,673	09/24	0.1 mi	Pelham Court Mid Term Let SW3	2	Flat
£5,000	04/25	0.11 mi	-	2	Flat
£4,400	04/25	0.11 mi	-	2	Flat
£6,890	09/24	0.11 mi	Kings Road, Chelsea, SW3	2	Flat
£3,792	09/24	0.11 mi	Kings Road, Chelsea, SW3	2	Flat
£4,117	09/24	0.11 mi	Bywater Street, Chelsea, London, SW3	2	Flat
£6,890	09/24	0.12 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.12 mi	Kings Road, London, SW3	2	Flat
£6,890	09/24	0.12 mi	-	2	Flat
£6,890	09/24	0.12 mi	Kings Road, Chelsea, SW3	2	Flat
£2,850	09/24	0.12 mi	-	2	Flat
£6,890	09/24	0.12 mi	Kings road, Chelsea, London, SW3	2	Flat
£10,833	09/24	0.12 mi	Radnor Walk, Chelsea, SW3	2	Flat
£5,417	09/24	0.13 mi	Ormonde Gate, Chelsea	2	Flat
£4,312	09/24	0.14 mi	Elystan Place, London, SW3	2	Flat
£5,000	03/25	0.14 mi	-	2	Flat
£5,850	09/24	0.14 mi	Redburn Street, Chelsea, London, SW3	2	Flat
£5,417	09/24	0.15 mi	Ormonde Gate, Chelsea, London, SW3	2	Flat
£5,499	09/24	0.15 mi	Anderson Street, Chelsea, London, SW3	2	Flat
£3,012	09/24	0.16 mi	Christchurch Terrace, London, SW3	2	Flat
£6,500	09/24	0.17 mi	Redburn Street, London, SW3	2	Flat
£7,800	09/24	0.17 mi	Sloane Avenue, London, SW3	2	Flat
£6,500	09/24	0.17 mi	Redburn Street, Chelsea, SW3	2	Flat
£6,890	09/24	0.19 mi	Kings Road, London, SW3	2	Flat
£4,767	09/24	0.19 mi	Fulham Road, London, SW3	2	Flat
£4,312	09/24	0.19 mi	Redesdale Street, Chelsea, London, SW3	2	Flat
£2,578	09/24	0.19 mi	Cheyne Place, London, SW3	2	Flat
£4,312	09/24	0.2 mi	The Gateways, Sprimont Place, SW3	2	Flat
£3,035	11/24	0.2 mi	-	2	Flat
£4,000	09/24	0.2 mi	Swan Court, Chelsea Manor Street, SW3	2	Flat
£3,250	09/24	0.2 mi	Elystan Street, Chelsea	2	Flat
£4,312	09/24	0.21 mi	Kings Road, Chelsea, SW3	2	Flat
£4,983	09/24	0.21 mi	Kings Road, London, SW3	2	Flat
£4,983	09/24	0.21 mi	Kings Road, London, SW3	2	Flat
£4,312	09/24	0.21 mi	Kings Road London SW3	2	Flat
£6,478	09/24	0.22 mi	Cavalry Square, Turks Row, London, SW3	2	Flat
£4,767	09/24	0.22 mi	Sloane Court West, London, SW3	2	Flat
£5,750	02/24	0.23 mi	-	2	Flat
£5,499	09/24	0.23 mi	Britten Street, Chelsea, London, SW3	2	Flat
£6,478	09/24	0.23 mi	Cavalry Square, Sloane Square, SW3	2	Flat
£3,497	09/24	0.25 mi	Draycott Place, Chelsea	2	Flat
£3,250	09/24	0.25 mi	Whiteheads Grove, Chelsea, London, SW3	2	Flat
£2,384	09/24	0.25 mi	Chelsea Manor Street, Chelsea, London, SW3	2	Flat
£3,750	10/24	0.26 mi	-	2	Flat
£3,750	11/24	0.26 mi	-	2	Flat
£3,750	11/24	0.26 mi	-	2	Flat
£3,750	11/24	0.26 mi	-	2	Flat

Local Area Statistics

Population in SW3	22,08622,086
Population in London	4,771,9214,771,921
Town centre distance	3.66 miles away3.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.37 miles away0.37 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-16%-16%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-9%-9%

Property History

Listed for £1,400,000

September 8, 2023

Floor Plans

Description

Top Floor +
Two Bedrooms +
Kitchen +
Reception +
Air-conditioning +
936 sqft +
Leasehold approx 104yrs +

A top floor lateral apartment with excellent natural light and great volume due to the vaulted ceilings in the heart of Chelsea.

The flat has air-conditioning in the generous reception room with a vaulted ceiling and a westerly aspect. There is well-appointed galley kitchen with a window, principal bedroom with air-conditioning, built-in cupboards and a vaulted ceiling. The second bedroom has built-in cupboards, vaulted ceilings and shares the contemporary bathroom. Situated at the top of a building on Smith Street, the flat benefits from being light and in an exceptionally convenient location. The property is held on a long lease.

Smith Street runs from Burton Court (membership available) up to Kings Road with its many shops, restaurants and transport links including the underground at Sloane Square.

Agent Details

John D Wood & Co. Sales, Chelsea Green

020 3835 4101

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

5 Bed House, Single Let, London, SW3 4NR

£6,450,000

4 months ago • 178 m²

4 Bed House, Single Let, London, SW3 4EP

£5,000,000

2 months ago • 129 m²

3 Bed Flat, Single Let, London, SW3 4EW

£1,675,000

5 views • 7 months ago • 93 m²

4 Bed House, Single Let, London, SW3 4QG

£6,500,000

a year ago • 195 m²