5 Bed Terraced House, Refurb/BRRR, London, SW3 4EE, £5,000,000

Smith Street, Chelsea, SW3 4EE - 4 views - 6 months ago

Refurb/BRRR

~287 m²

+18 photos

ValuationOvervalued

Sold Prices	£2.2M - £16.6M
Sold Prices/m²	£7.7K/m² - £72.7K/m²

Square Metres	~286.90 m²
Price/m²	£17.4K/m²
Value Estimate	£4,185,775£4,185,775

End Value (After Refurb)	£6,299,251£6,299,251
Uplift in Value	+26%+26%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£1,250,000£1,250,000
Stamp Duty & Legal Fees	£662,450£662,450
Refurb Costs	£151,912£151,912
Bridging Loan Interest	£131,250£131,250
Total Cash In	£2,197,362£2,197,362

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£6,299,251£6,299,251
Agent Fees (1%)	£62,993£62,993
Bridging Loan	£3,750,000£3,750,000
Bridging Loan Interest	£131,250£131,250
Flip Profit	£288,896£288,896

Local Sold Prices

51 sold prices from £2.2M to £16.6M, average is £5.5M. £7.7K/m² to £72.7K/m², average is £21.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£3.3M	02/21	0.02 mi	50, Smith Street, London, Greater London SW3 4EP	-	-	5	Terraced House
£6.4M	08/21	0.03 mi	13, Wellington Square, London, Greater London SW3 4NJ	£23,520	272	5	Terraced House
£5.8M	08/21	0.03 mi	6, Wellington Square, London, Greater London SW3 4NJ	£25,439	228	5	Terraced House
£5.2M	02/21	0.05 mi	4, Royal Avenue, London, Greater London SW3 4QF	£18,868	274	5	Terraced House
£7.8M	10/23	0.08 mi	44, Smith Terrace, London, Greater London SW3 4DH	£21,927	358	5	Terraced House
£5.2M	03/21	0.09 mi	32, Markham Square, London, Greater London SW3 4XA	£21,138	246	5	Terraced House
£5.6M	10/20	0.09 mi	19, Royal Avenue, London, Greater London SW3 4QE	£72,727	77	5	Terraced House
£5.5M	06/21	0.1 mi	9, Walpole Street, London, Greater London SW3 4QP	£22,822	241	5	Terraced House
£4.9M	06/21	0.1 mi	19, Walpole Street, London, Greater London SW3 4QP	£21,778	225	5	Terraced House
£4.7M	08/21	0.12 mi	40, Markham Street, Chelsea, London, Greater London SW3 3NR	£24,603	189	5	Terraced House
£6.1M	12/20	0.14 mi	51, Elystan Place, London, Greater London SW3 3JY	£22,036	275	5	Terraced House
£2.2M	02/21	0.16 mi	28a, Shawfield Street, London, Greater London SW3 4BD	-	-	5	Terraced House
£2.8M	10/20	0.24 mi	19, St Lukes Street, London, Greater London SW3 3RP	£18,226	155	5	Terraced House
£7.6M	09/21	0.25 mi	97, Flood Street, London, Greater London SW3 5TD	£20,596	369	5	Terraced House
£16.6M	05/22	0.32 mi	28, Cadogan Gardens, London, Greater London SW3 2RP	£28,606	581	5	Semi-Detached House
£5.6M	11/20	0.38 mi	21, Milner Street, London, Greater London SW3 2QD	£21,374	262	5	Terraced House
£12.8M	07/21	0.4 mi	24, Chelsea Square, London, Greater London SW3 6LF	£34,107	375	5	Semi-Detached House
£7.3M	07/21	0.42 mi	6, Carlyle Square, London, Greater London SW3 6EX	£28,210	257	5	Semi-Detached House
£9.0M	01/23	0.42 mi	11, Carlyle Square, London, Greater London SW3 6EX	£31,034	290	5	Semi-Detached House
£7.3M	07/21	0.43 mi	6, Carlyle Square, London, Greater London SW3 6EX	£28,210	257	5	Semi-Detached House
£9.0M	12/22	0.46 mi	16, Pelham Place, London, Greater London SW7 2NH	-	-	5	Terraced House
£9.2M	06/23	0.47 mi	31, Sumner Place, London, Greater London SW7 3NT	-	-	5	Terraced House
£5.5M	03/21	0.48 mi	15, South Terrace, London, Greater London SW7 2TB	£21,042	260	5	Terraced House
£3.2M	03/23	0.48 mi	94, Walton Street, London, Greater London SW3 2HH	£32,990	97	5	Terraced House
£4.9M	12/22	0.49 mi	5, Justice Walk, London, Greater London SW3 5DE	£20,588	238	5	Terraced House
£9.3M	09/23	0.5 mi	53, Egerton Crescent, London, Greater London SW3 2ED	-	-	5	Terraced House
£6.5M	06/21	0.5 mi	14, Alexander Square, London, Greater London SW3 2AX	-	-	5	Terraced House
£8.8M	11/22	0.51 mi	77, Eaton Terrace, London, Greater London SW1W 8TN	-	-	5	Terraced House
£5.5M	05/21	0.51 mi	11, Mallord Street, London, Greater London SW3 6DT	£19,269	284	5	Terraced House
£7.6M	10/22	0.53 mi	46, Paultons Square, London, Greater London SW3 5DT	£25,419	298	5	Terraced House
£4.5M	11/20	0.53 mi	16, Alexander Place, London, Greater London SW7 2SF	-	-	5	Terraced House
£3.5M	05/23	0.54 mi	56, South Eaton Place, London, Greater London SW1W 9JJ	£18,519	189	5	Terraced House
£5.2M	05/23	0.55 mi	11, Queens Elm Square, London, Greater London SW3 6ED	£23,940	217	5	Terraced House
£6.5M	04/21	0.57 mi	22, Chester Row, London, Greater London SW1W 9JH	£21,129	310	5	Terraced House
£9.3M	06/21	0.61 mi	9, Sumner Place, London, Greater London SW7 3EE	-	-	5	Terraced House
£4.5M	04/22	0.62 mi	19, Cadogan Lane, London, Greater London SW1X 9DP	£42,130	108	5	Terraced House
£13.3M	08/23	0.62 mi	34, Hans Place, London, Greater London SW1X 0JZ	£26,923	494	5	Terraced House
£3.0M	02/21	0.63 mi	13, Anhalt Road, London, Greater London SW11 4NZ	£7,728	388	5	Terraced House
£3.1M	03/21	0.63 mi	29, Anhalt Road, London, Greater London SW11 4NZ	-	-	5	Terraced House
£3.6M	11/23	0.63 mi	19, Anhalt Road, London, Greater London SW11 4NZ	£12,373	295	5	Terraced House
£3.6M	11/23	0.63 mi	19, Anhalt Road, London, Greater London SW11 4NZ	£12,373	295	5	Terraced House
£8.0M	08/21	0.63 mi	15, Walton Place, London, Greater London SW3 1RJ	-	-	5	Terraced House
£11.1M	01/23	0.63 mi	14, Walton Place, London, Greater London SW3 1RJ	£37,090	299	5	Terraced House
£3.0M	12/21	0.65 mi	109, Beaufort Street, London, Greater London SW3 6BA	-	-	5	Semi-Detached House
£2.6M	02/21	0.66 mi	33, Sutherland Street, London, Greater London SW1V 4JU	£13,333	195	5	Terraced House
£4.5M	04/21	0.67 mi	108, Beaufort Street, London, Greater London SW3 6BU	£15,411	292	5	Terraced House
£3.4M	06/22	0.69 mi	36, Eaton Mews South, London, Greater London SW1W 9HR	£20,118	169	5	Terraced House
£5.8M	08/21	0.71 mi	4a, Belgrave Mews West, London, Greater London SW1X 8HT	£21,350	274	5	Terraced House
£3.0M	12/22	0.73 mi	17, Sutherland Street, London, Greater London SW1V 4JU	£11,719	256	5	Terraced House
£2.2M	08/21	0.73 mi	49, Westmoreland Terrace, London, Greater London SW1V 4AQ	£10,046	219	5	Terraced House
£2.4M	03/21	0.74 mi	24, Clarendon Street, London, Greater London SW1V 4RF	£10,021	238	5	Terraced House

Local Rents

50 rents from £3.5K/mo to £30.3K/mo, average is £8.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£16,683	09/24	0.04 mi	Wellington Square, London, SW3	5	Flat
£4,750	09/24	0.04 mi	Charles II Place, London, SW3	3	Flat
£4,750	09/24	0.06 mi	Charles II Place, Kings Road, Chelsea, London, SW3	3	Terraced House
£4,749	09/24	0.07 mi	Charles II Place, London, SW3	3	Terraced House
£8,333	10/24	0.08 mi	-	3	Terraced House
£10,812	09/24	0.08 mi	Smith Terrace, London	5	Terraced House
£18,417	09/24	0.1 mi	Markham Square, London, SW3	4	Terraced House
£6,500	09/24	0.11 mi	Ranelegh House, Eylstan Place, Chelsea, SW3	3	Flat
£6,500	09/24	0.11 mi	Ranelagh House, London, SW3	3	Flat
£6,500	09/24	0.11 mi	-	3	Flat
£6,500	09/24	0.11 mi	Elystan Place, Chelsea	3	Flat
£15,167	09/24	0.11 mi	Cheltenham Terrace, Sloane Square, London, SW3	3	Flat
£6,500	09/24	0.11 mi	Ranelagh House, Chelsea, London SW3	3	Flat
£30,333	09/24	0.12 mi	Radnor Walk, London, SW3	4	Detached House
£11,917	09/24	0.14 mi	Ralston Street, Chelsea SW3	4	Flat
£13,000	09/24	0.14 mi	Burnsall Street, London, SW3	4	Terraced House
£10,833	09/24	0.15 mi	Draycott Place, Chelsea, SW3	4	Flat
£14,083	09/24	0.15 mi	Shawfield Street, London, SW3	6	Terraced House
£10,833	09/24	0.16 mi	Draycott Place London SW3	4	Flat
£5,417	09/24	0.17 mi	Christchurch Street, SW3	3	Terraced House
£8,017	09/24	0.17 mi	Ormonde Gate, Chelsea, London, SW3	3	Flat
£21,450	09/24	0.17 mi	Flood Street, Chelsea, London	5	Terraced House
£13,000	09/24	0.18 mi	Sloane Avenue, Chelsea, SW3	5	Flat
£6,045	09/24	0.18 mi	Tite Street, London, SW3	3	Flat
£4,950	09/24	0.18 mi	Draycott Avenue,	3	Flat
£3,575	12/24	0.21 mi	-	3	Flat
£8,645	09/24	0.21 mi	Whiteheads Grove, Chelsea, SW3	4	Flat
£17,333	09/24	0.21 mi	Franklins Row, London, SW3	4	Flat
£5,417	09/24	0.22 mi	Shrewsbury House, Cheyne Walk, SW3	3	Flat
£17,333	09/24	0.22 mi	Franklins Row, London, SW3	3	Flat
£18,417	09/24	0.22 mi	Culford Gardens, London, SW3	3	Flat
£5,997	09/24	0.22 mi	Draycott Place, Chelsea	3	Flat
£5,997	09/24	0.22 mi	Rutland Court, 21-23 Draycott Place, Chelsea, London	3	Flat
£16,500	09/24	0.23 mi	Chelsea SW3	4	Terraced House
£5,997	09/24	0.23 mi	Culford Gardens, Chelsea	3	Flat
£21,450	09/24	0.25 mi	Flood Street, Chelsea	7	Flat
£5,200	09/24	0.26 mi	Flood Street, Chelsea, London, SW3	3	Flat
£25,783	09/24	0.27 mi	Chelsea Manor Street, London, SW3	4	Flat
£7,583	09/24	0.27 mi	Sydney Street, Chelsea, London, SW3	6	Flat
£7,778	09/24	0.28 mi	Cheyne Court, London, SW3	3	Flat
£10,617	09/24	0.29 mi	Oakley Gardens, London, SW3	3	Terraced House
£19,500	09/24	0.29 mi	Cadogan Gardens, Chelsea	4	Flat
£3,500	09/24	0.3 mi	Wiltshire Close, Chelsea, London, SW3	3	Flat
£6,998	09/24	0.3 mi	Sloane Gardens, Chelsea, SW1W	3	Flat
£10,617	09/24	0.3 mi	Oakley Gardens, Chelsea, London, SW3	3	Terraced House
£4,500	09/24	0.3 mi	-	3	Terraced House
£4,767	09/24	0.3 mi	Draycott Avenue SW3	3	Flat
£10,617	09/24	0.31 mi	Margaretta Terrace, Chelsea, London, SW3	4	Terraced House
£10,833	09/24	0.31 mi	Margaretta Terrace, Chelsea, London	5	Flat
£10,617	09/24	0.32 mi	Lurgan Mansions, Lower Sloane Street, SW1W	3	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	0.36 miles away0.36 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 £5,000,000

October 7, 2024

Floor Plans

Description

Late Georgian Terrace House +
Freehold +
Garden +
Arranged Over Five Floors +
Principal Bedroom Suite to the First Floor +
Four Additional Bedrooms & Study/Bedroom 6 +
Ground Floor Double Reception +
Kitchen Dining, Family Room & Three Bathrooms +
Located off the King’s Road +
Sloane Square District & Circle Line Undergrounds is Near By +

Set on a fine Late Georgian terrace, this impressive five storey Freehold family home, built circa 1800, with the house being dramatically transformed between 2010-2011 into an excellent family residence. Now offering over 3088 Sq.Ft. with five bedrooms and an extension that runs from the lower ground floor to the first floor with the principal bedroom suite occupying this upper level.

The property is accessed with a ground floor entrance that leads to a formal reception room via a hidden loft-style door. Featuring interconnecting dual-aspect rooms with high ceilings and access to the lower ground floor, this space offers a unique opportunity for modern living behind a period facade. Additionally, at the rear of the floor, there is a study or potential sixth bedroom.

The lower ground floor hosts the kitchen breakfast room, with a central console made from one piece of blue Brazilian marble. Opaque glazed sliding doors leads to an extensive family room, which can be dual purposed for guest dining and entertaining.

In 2010, a significant renovation project was undertaken, involving the excavation of the lower ground floor to create 10ft high ceilings. The goal was to enhance natural light and create a warm, balanced living space.

Throughout the property, a reconfiguration of the internal layout has now produced five bedrooms on the upper floors, with the principal bedroom suite situated over the entire first floor. The suite comprises a bedroom to the front, a walk-through en-suite bathroom, and a dressing room with a walk-in wardrobe to the rear. Each area is divide by sliding doors.

The internal layout design has successfully enhanced the volume, featuring a reconstructed stairwell on all levels. The house boasts double glazed sash windows throughout and underfloor heating. All lighting is controlled by central comms room system.

Four additional bedrooms and two further bathrooms are set on the second and third floors, dedicated to family living or guests.

The outside space takes an elevated position, offers the perfect setting for alfresco dining during the warmer summer months. A large pivot door reveals a serene patio garden with white porcelain tiles, extending the area into a light-filled enclave. Enjoy maximum sunlight in the upper area of the staggered-level patio.

Moments from the hotspots of West London, Smith Street is a prime residential address in cosmopolitan Chelsea, principally made up of family houses, it boasts splendid Late Georgian architecture and a peaceful atmosphere. Situated in the Royal Hospital conservation area, this esteemed location stretches from the quintessential King’s Road to the River Thames.

A distinguished set of private and public garden squares, including Burton Court, and green open spaces are on your doorstep, along with Battersea Park and the River Thames.

Home to the prestigious Chelsea Flower Show, Chelsea Psychic Gardens, and the iconic Saatchi Gallery, with the newly opened Battersea Power Station complex just a short walk away. You can also explore design led retailers, renowned restaurants, cafés, galleries, and boutiques in this affluent area.

Transport connections are outstanding, with Sloane Square being the nearest London Underground Station, leading to Victoria’s Railway terminus, South Kensington station with Piccadilly, District and Circle Line services and access to the M3 & M4.

Offered to the market Chain Free

Tenure: Freehold
Council Tax Band: H
Local Authority: Royal Borough of Kensington & Chelsea

Agent Details

Moveli, London & Country

020 3906 1015

Next Steps?

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

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