The neighbourhood of Chelsea in West London is a popular upscale residential area boasting historic period architecture, great shops and a number of excellent schools. Unsurprisingly, demand for homes for sale in Chelsea has always been robust. As Chelsea estate agents we have found that buyers continue to prize buying a property in the area, with family residences to buy in Chelsea representing the perennial search requirement of most applicants. We have therefore compiled a guide to buying a house in Chelsea with a look at the present dynamics of the market.
Many buyers looking to purchase their dream Chelsea home may be initially disappointed by the apparently limited selection of houses to buy in Chelsea. The area’s popularity has created a somewhat interesting dynamic in the sales market. First, the owners of the majority of Chelsea homes, especially the palatial residences of Old Chelsea – tend to keep them in the family for decades. These homes are prized family legacies and often stay within the family estate through the generations. However, that’s not to say that these luxurious Chelsea homes never reach the sales market – it’s just that when they do, demand from buyers looking to buy a luxury Chelsea townhouse is considerable.
Another factor playing into the desirability of houses in Chelsea is that some of the finest examples of houses for sale in SW1 never make it onto the open market. For the same reasons, as already discussed, families looking to sell their Chelsea house wish to do so with discretion. Such off-market sales rely on the extensive connections and knowledge of the best Chelsea property agents, who can discreetly and professionally sell a Chelsea house for the seller who wishes to remain low-key.
It is not only families who are attracted to buying a Chelsea residence. Often private applicants compete with professional developers looking to acquire a development opportunity in Chelsea. In particular, developers look to buy buildings in Chelsea which can be completely remodelled to retain the original period facade and interior period features, whilst modernising them for contemporary living.
Most buyers coming to the market will have a fairly definite idea of where in London’s Chelsea they wish to buy property. Popular Chelsea enclaves include the handsome redbrick houses within the Cadogan Estate as well as the grand Thomas Cubitt stucco fronted houses of Eaton Square, within the Belgravia Estate. Whether you wish to buy a house in Eaton Square, purchase a property in Cadogan Gardens or acquire a mansion on Cheyne Place, you should keep Chelsea’s popularity as an area for both families and investors in mind. So the takeaway for buying a house in Chelsea is that, whilst we can’t promise it will be easy – we can promise it will be worth it.