A trust fund clearly offers an advantage when it comes to buying into the Chelsea lifestyle. However, says Nicholas Ayre of buying agent Home Fusion: ‘If you are prepared to compromise, a budget of £300,000 is realistic.’
Indeed, Chesterton Humberts is selling a studio apartment in Sloane Avenue, SW3 on the fourth floor of a mansion block. It offers an address with cachet, 24-hour concierge and is on the market for £249,950. However, says Ayre, given that property sells at £2,000-£6,000 a square foot in SW3, this is all about trading space for location.