Swan Court, Chelsea Manor Street, London, SW3

Full Description

INVESTOR & FIRST-TIME BUYER ALERT: PRICE REDUCED FOR SWIFT SALE A fantastic opportunity to purchase a larger-than-average, 356 sq.ft. studio flat on the first floor of this ever-popular mansion block in the heart of Chelsea. LEASE EXTENSION STATUS: The property currently has a lease of 82 years. To ensure the flat is fully mortgageable for all mainstream lenders, the vendor will officially serve a statutory Section 42 Notice prior to completion. The full benefit of this notice will be legally assigned to the incoming buyer upon completion, allowing them to acquire a 172-year total lease without waiting the standard 2-year statutory holding period. The buyer will take over the process and fund the lease premium (expected to be £7,000 to £8,000) upon completion THE PROPERTY: Living Space: Features a double bed cleverly designed to fold away seamlessly against the wall, maximizing the living layout for entertaining and providing generous built-in storage. The studio is presented in good decorative order throughout and enjoys ample natural light. Kitchen & Bathroom: Offers a completely separate, fully fitted kitchen (including an integrated dishwasher) and a separate shower/utility room. Heating: Benefits from communal hot water and heating, the cost of which is fully included within the annual service charge. The Building & Amenities: Swan Court has recently undergone an extensive upgrade and refurbishment programme. Residents benefit from:24-hour uniformed porterageBrand new passenger liftsUpgraded CCTV coverageA newly installed, secure electronic key-fob entry system The Location: Conveniently situated just south of the King's Road, Swan Court puts a premium selection of shops, bars, restaurants, and transport links right at your doorstep. The beautiful open spaces of Battersea Park are just a 10-minute walk away across the iconic Albert Bridge, offering 200 acres of parkland, a stunning lake, and extensive sporting facilities. Key Financial Information: Current Lease Term: 82 years remaining (Section 42 Notice to be served by vendor and assigned to buyer on completion) Service Charge: £3,400 per annum (includes communal heating and hot water) Council Tax: Band D (£1,569 per annum) Approximate Internal Area: 356 sq ft