Over the last four months, Chelsea Waterfront has recorded a total of over £16,000,000 in sales, with larger three and four bed units proving most popular with both international and domestic buyers. The Chelsea property market has remained robust throughout the last year, with Knight Frank, sales agents for Chelsea Waterfront recording that annual price growth in prime central London was 0.8% in July, the highest figure since May 2016.
The London market has remained particularly resilient over the last 12 months, and Chelsea Waterfront has reported a substantially higher level of enquiries, which continued throughout lockdown as prospective buyers were offered collateral to view online as well as video calls with agents via We Chat and Zoom. Indeed, a number of international buyers recognise the value of investing within Chelsea Waterfront to such an extent that they have completed on purchases without viewing the development in person.
The restrictions as a result of the pandemic have been a significant catalyst for the growing activity in prime markets of London, with a surprising number of people reassessing their housing requirements. Chelsea Waterfront’s two bed apartments range between 883 square foot and 1,180 square foot offering generous living spaces for residents, comparing favourably to the standard 700 square feet for a two bed apartment elsewhere. Paired with the development’s tranquil riverside location and iconic views of the London skyline, these homes make for an extremely attractive investment proposition both during and post pandemic.
An historic riverside project
Chelsea Waterfront, designed by internationally renowned architect Sir Terry Farrell, overlooks a part of the River Thames which was previously inaccessible. The luxury development comprises 10 buildings including a 37 storey tower, the tallest residential building in SW10, a 25 storey tower and the conversion of the historic Lots Road Power Station, which powered the London Underground for almost a century.
Strong connectivity for commuting after lockdown
Chelsea Waterfront is located less than a 5 minute walk from Imperial Wharf station for direct access to Central London, while nearby Chelsea Harbour Pier provides riverboat services on The Thames Clipper. Lots Road and the iconic Kings Road are also in close proximity for Michelin star restaurants, antique shops, boutiques and exquisite cafes. Prices at Chelsea Waterfront start from £1,400,000 for a two-bedroom apartment.
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