29 Cheyne Place, Chelsea, London, SW3 - Image 1
29 Cheyne Place, Chelsea, London, SW3 - Image 2
29 Cheyne Place, Chelsea, London, SW3 - Image 3
29 Cheyne Place, Chelsea, London, SW3 - Image 4
29 Cheyne Place, Chelsea, London, SW3 - Image 5
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29 Cheyne Place, Chelsea, London, SW3 - Image 9

29 Cheyne Place, Chelsea, London, SW3

London

£5,000,000

Listed on 09/11/2026

The listing

Property details

Bedrooms
12
Type
Plot
Area
5750 sqft

Description

A development site in Chelsea with full planning permission for a six-storey residential building, including a basement, arranged as five self-contained Class C3 apartments. The approved scheme provides approximately 5,726 sq ft of net saleable accommodation. The existing structure is in a state of partial demolition, so this is a development project rather than a completed home. The site is offered by appointment of LPA Receivers. Planning permission was granted by the Royal Borough of Kensington and Chelsea in January 2023. RIBA Stage 4 drawings have been prepared, and Goldstein Heather Architects remain engaged. Images in the particulars show a revised design proposal that has not yet been submitted for planning approval, so purchasers should distinguish it from the consented scheme and verify the status of all approvals and drawings. The confirmed Community Infrastructure Levy liability is £383,926.83. The development is designated car-free under its Section 106 agreement, except that the ground-floor two-bedroom apartment is eligible for a local parking permit. A Rights of Light policy was enacted in March 2022, and prospective purchasers should investigate any further obligations. The location is between Sloane Square and the River Thames, close to Chelsea Physic Garden, local shops and restaurants, and Battersea Park across the river. Sloane Square Underground station is approximately 0.7 miles away. Viewings are by appointment.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

55out of 100
Grade DWeak opportunity

Confidence: LOW

At £5,000,000, the asking price is about £870 per sq ft, well below the local average of £1,627 per sq ft—an unusually low entry point for a Chelsea address close to the Thames, Sloane Square and the Chelsea Physic Garden. The listing describes consent for five apartments in a six-storey scheme, while the CGI shows a proposed brick-faced building with balconies and planted outdoor areas; the revised design shown has not yet been submitted for planning approval, so the consent and delivery position need careful verification.

This is a substantial development project rather than a cosmetic renovation: the existing structure is partially demolished, and the images do not establish completed construction progress. The location and proposed scheme give a buyer scope to deliver a distinctive residential building, but the overall WHOTS grade is D because project investability and economics are weak, with insufficient data to assess renovation economics.

Key opportunities

  • Deliver the proposed five-apartment scheme on a prominent Chelsea site, with the CGI illustrating brick elevations, balconies and planted outdoor areas.
  • Shape a substantial redevelopment around the address’s proximity to the Thames, Sloane Square, Chelsea Physic Garden and nearby parkland.
  • Acquire at a asking price substantially below the local £/sq ft average, providing an attractive entry point for a buyer able to execute the project.

Key risks

  • The partially demolished structure means a heavy, multi-stage build programme rather than a cosmetic refresh; allow for the time and coordination involved in delivering a complete building.
  • Verify the status and scope of the existing planning consent against the revised CGI proposal, which has not yet been submitted, and confirm construction progress and outstanding obligations.
  • Project economics are difficult to assess from the available information; establish a robust delivery and value case before proceeding.

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Map

Location

29 Cheyne Place, Chelsea, London, SW3
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Transport

Nearest stations

  • Sloane Square Underground Station

    0.3 miles

    Underground · Sloane Square

  • London Victoria Rail Station

    0.8 miles

    Train · Victoria

  • Battersea Power Station Underground Station

    0.8 miles

    Underground · Nine Elms

  • Battersea Park Rail Station

    0.8 miles

    Train · Battersea

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£20,430
Based on a loan of £3,750,000 over 30 years at 5.13% 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.

Tax

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Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

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