property investment ideas, advice, insights, trends Property Investment ideas, advice, insights, trends Property Investment News

 Property News

more news articles...

London House prices: Four-bedroom flat in South Kensington on sale for just 300,000 - but there's a catch






By Tom Haynes Reporter

You might think this looks like a bargain but you won't be there for long (Image: Zoopla)
Look there aren't many instances where you can reasonably say 300,000 qualifies a bargain but bear with me.

Ordinarily, a four-bedroom flat in South Kensington would set you back millions rather than mere hundreds of thousands - like this one going on Zoopla right now.

The property is located on Onslow Square and has a sexy SW postcode.

It's around the corner from the likes of Kensington Palace, Harods department store and the Royal Albert Hall.

Not to mention one of the world's most expensive roads, Kensington Palace Gardens, where Roman Abramovich lives.

South Kensington is a tourist hotspot - people love the Natural History Museum (Image: Sunday Mirror)
The home is described as an "unmodernised four-bedroom lateral apartment" and is on the fourth floor of the "purpose-built portered mansion block."

It stretches over a luxurious 1,459 square feet which is probably more room than you have right now.

Do you reckon any of the other Londons can compare with our stunning capital city?

Here at MyLondon, we're doing our very best to make sure you get the latest news, reviews and features from your area.

Now there's a way you can keep up to date with the areas that matter to you with our free email newsletters.

We have seven newsletters you can currently sign up for - including a different one for each area of London and one dedicated totally to EastEnders.

The local newsletters go out twice a day and send the latest stories straight to your inbox.

From community stories and news covering every borough of London to celebrity and lifestyle stories, we'll make sure you get the very best every day.

To sign up to any of our newsletters, simply follow this link and select the newsletter that's right for you.

And to really customise your news experience on the go, you can download our top-rated free apps for iPhone and Android. Find out more here.

The thing is, the lease only has six years left on it, and if you're still in the property after that point you'll have to cough up to renew it.

How much can renewing a lease really cost? I hear you ask.

Well, Zoopla estimates it would set you back, ahem, a cool 1.4 million.

The latest breaking news will be brought straight to your news feed including updates from the police, ambulance and fire brigade. We will also bring you updates from our courts and councils, as well as more lighthearted long reads.

Yes, this is in line with the average house price for the area, but it would technically come on top of the 300,000 you already paid for the property.

In the last 12 months, houses and flats sold in the same area (of which there have been 57) have gone for an average of 2 million, so by comparison maybe this is still a bargain.


back to top

Site Map | Privacy Policy | Terms & Conditions | Contact Us | ©2018