A swanky two-bedroom pad spanning two floors has gone on the market in central London for less than £600,000 – but there’s a serious catch.
While the price appears incredibly low for its location in Chelsea, the Sloane Gardens home has just 19 years left on the leasehold, with it set to expire in 2045.
When a lease agreement expires, the flat legally reverts to the freeholder – the person who owns the land it sits on.
READ MORE: Posh pad with ornate ceiling costs £1,520-a-month to rent… but there’s a catch
But if you can look past that particular limitation, the new owner is set to enjoy a stunning top floor apartment, complete with a lift, in a classic red brick Victoria conversion.
And, of course, it boasts an enviable location near Sloane Square, as reported by Luxury Property News.
The home spans the fourth and fifth floors, with much of the flat spread across the lower floor, and the fifth acting as a conservatory.
The fourth floor boasts a large reception room, two double bedrooms, a kitchen and bathroom.
Meanwhile upstairs, the stunning sun room makes for a city “oasis” to relax in.
A resident caretaker and access to communal gardens sweetens the deal.
But, perks aside, the home is also in council tax band G – with hefty charges another consideration for prospective new owners.
The property is currently on the market with John D Wood & Co for £595,000.
The listing reads: “The property offers a good size reception room with a dining area, a gas fire place, a separate kitchen, bathroom and both bedrooms have built-in storage.
“Further benefits include wonderful natural light throughout and a top floor conservatory which provides a hidden oasis.”
READ MORE: Luxury Pagano-designed home with indoor pool, lush gardens and orchard hits the market
