Worst House on the Street Logo
First Street, Chelsea, SW3 - Image 1
First Street, Chelsea, SW3 - Image 2
First Street, Chelsea, SW3 - Image 3
First Street, Chelsea, SW3 - Image 4
First Street, Chelsea, SW3 - Image 5
First Street, Chelsea, SW3 - Image 6
First Street, Chelsea, SW3 - Image 7
First Street, Chelsea, SW3 - Image 8
First Street, Chelsea, SW3 - Image 9
First Street, Chelsea, SW3 - Image 10
First Street, Chelsea, SW3 - Image 11

First Street, Chelsea, SW3

London

£2,550,000
Listed on 25/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1256 sqft

Description

This well-maintained freehold house presents an exciting opportunity for renovation and investment in a prime location that straddles the sought-after neighborhoods of Chelsea and Knightsbridge. With an eye toward modernizing and expanding, prospective buyers will find ample potential to enhance the existing layout, pending necessary approvals. The property features a spacious double reception room on the raised ground floor, characterized by a charming fireplace that serves as a focal point. On the first floor, there is a generously sized master bedroom complete with a dressing area and en-suite bathroom. The lower ground level hosts a second bedroom alongside a shower room that also functions as a guest cloakroom. Additionally, there is a dining room that could easily be converted into a third bedroom, adjacent to a fully equipped kitchen with two sets of sliding glass doors opening onto the outdoor patio. It's worth noting that the home previously had (now lapsed) planning permission for a mansard roof extension and reconfiguration of the living space, as well as plans for basement development—an indication of the property’s renovation potential. Located on First Street, this residence benefits from proximity to an array of boutique shops, cafes, and eateries found along Walton Street. Notable landmarks such as Harrods and the luxury shopping available on Sloane Street are also within easy reach. Public transportation options are plentiful, with South Kensington station just 0.5 miles away and both Sloane Square and Knightsbridge stations approximately 0.6 miles from the property. This house not only offers comfortable living spaces but also presents an attractive investment option in one of London’s most desirable areas, where bespoke renovations can significantly increase its value over time.

Investment Analysis

(SW3 area)

Above Market Value

This property is priced +22.1% above area average per sq ft

+22.1%
This Property
£2,030/sq ft
Area Average
£1,663/sq ft
Avg Rent (weekly)
£974
Avg Yield
2.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£2,297,808
10% above area average per sq ft
Potential ROI
-22.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (SW3)

Area prices are falling by +15.3% over the last 12 months
3 year growth: -26.7%
5 year growth: -25.6%
Investment Disclaimer: Analysis based on SW3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

First Street, Chelsea, SW3
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£9,341
Based on a loan of £1,912,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE