Home Commercial Property Small Chelsea garden sold for £84,000

Small Chelsea garden sold for £84,000

by LLP Editor
9th May 14 11:09 am

£84,000 for a small Chelsea garden? Only in London.

A foreign buyer bought a lawn near Sloane Avenue for £84,000 in an auction this week. The last buyer bought the garden for £53,000 in September 2013.

The lawn measures just 0.05 of an acre has no planning permission yet.

Chris Coleman-Smith, head of auctions team, Savills, said: “Little bits of London, such as this, are in scarce supply and people want to get their hands on their own little piece of Chelsea. City environments can easily change and so this could be a very long term investment bought with grandchildren and inheritance in mind – who knows what it might be possible to do with it in 20 years time.”

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