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April 4, 2017
Top Residential Sales: Q1-2017
20 The Vale, SW3 6AQ
Chelsea || £24,200,000 || 7,962sqft || £3039psf
The most expensive residential transaction of the year so far has been for a five story detached house, which was sold off-market for £24.2m in February. The red brick corner property was built between 1894 and 1916, and features a single-storey extension to the rear of the building at garden level. Post-war, the property has been substantially refurbished and few of the original architectural details remain. Records indicate that it was last sold in June 1992 for £4.85m (£609psf), suggesting a 400% return over 25 years for the sellers. At that time, the property had 7-bedrooms and measured 7,962sqft – indicating a current price of £3039psf assuming no changes to the size of the property.
The Clock House, 123a Old Church Street, SW3 6EA
Chelsea || £18,750,000 || 6,263sqft|| £2994psf
The 5-bedroom house at 123a Old Church Street is known locally as “The Clock House”, because it has a mounted clock on the exterior of the first floor. It sold for £18.75m after a substantial refurbishment program by the former owners – who bought the property for £5.55m in May 2013, a 241% increase in less than four years. The freehold home now includes five double bedrooms, a landscaped garden, and a home cinema room in addition to off street parking and a designated staff area. Located between the amenities of Kings Road and Fulham Road, it benefits from proximity to local bars and restaurants such as Bluebird and Restaurant Gordon Ramsay. The sale was first reported late last year but Land Registry records indicate it completed on the 8th February 2017.
One Hyde Park, 100 Knightsbridge, SW1X 7LJ
Knightsbridge || £18,500,000 || 2,916sqft|| £6344psf
Unit D.05.2 is the most recent sale at One Hyde Park, the notorious Candy & Candy development at 100 Knightsbridge. The fifth floor flat had previously sold for £13,880,000 when construction completed in 2011, to a company incorporated in the British Virgin Islands. This represents an increase of 33%, demonstrating a strong retail market for units in the building. The flat itself has two en suite bedrooms with a study area, reception room, sitting room and kitchen incorporated into a lateral open place space. The balcony directly overlooks Knightsbridge, and all residents benefit from all of the exclusive facilities that made the scheme notorious: 24/7 concierge, private cinema, squash court, gym, ozone pool, Jacuzzi, saunsa, steam rooms, treatment rooms, and room service from the Mandarin Oriental.
Penthouse, Ambika House, 9a Portland Place, W1B 1PR
Marylebone|| £17,950,000 || 7,355sqft|| £2441psf
This penthouse apartment in Marylebone is less than five minutes walk from Oxford Circus, and enjoys 360-degree views across London. It is situated primarily on the eigth floor, of the building, where there are three en-suite bedrooms, a study, kitchen and principal reception room – although there is also direct access to a pool, terrace and additional reception room on the sixth floor via a lift. On the fifth floor, also accessible via the internal lift, there is another reception room and three further bedrooms. In total, the development features 25 flats from the second to eighth floor. This penthouse was marketed by Ian Green and sold at the asking price.
24 Carlyle Square
Chelsea || £16,500,000 || 5,100sqft|| £3235sf
This freehold 6-bedroom house sold for £16.5m in February, having undergone a substantial refurbishment that included the instalation of a basement and sub-basement – centred around an external courtyard to provide natural light. This work has greatly increase the gross internal area form 2,468sqft to 5,100sqft – explaining the rise from £7,751,722 in December 2011 to the price earlier this year. This property comes with its own cinema, gym room, six bedrooms, and a garden arranged over 3 main levels including a limestone terrace with a gas fire. Carlyle Square is a garden square just off the Kings Road.