David Lee, Head of Sales at Pastor Real Estate, offers his opinion on Chelsea; its history, key attractions and future prospects for buyers.
Chelsea has long been considered one of Prime central London’s most vibrant and eclectic neighbourhoods. Having risen to fame in the 1960’s via design icons such as Vivienne Westwood and Mary Quant, the area has always played a pivotal role in the world of fashion and art.
Fast forward a few decades, and a host of designer boutiques and fine dining attracts hundreds of thousands of visitors from around the globe each year. Events such as the Chelsea Flower Show and the displays at the Saatchi Gallery complement Chelsea’s diverse and outstanding cultural offering.
Chelsea Property Market
Renowned for its well-established property market, Chelsea remains a hugely popular choice for wealthy domestic and international purchasers. Many have fallen in love with its pretty mews houses, red brick mansion blocks and tranquil garden squares. New build residential developments comfortably sit juxtaposed to Chelsea’s more traditional architecture.
This contrast of old and new also extends to the residents and retailers who play a pivotal role in shaping Chelsea’s landscape. Once the private 17th century thoroughfare of King Charles II, the Kings Road is now home to an array of designer labels as well as many well-known high street brands.
It should come as little surprise therefore that properties here are amongst the most expensive in the UK. Despite the political and economic headwinds which continue to impact the sales market, interest from prospective purchasers looking to buy remains strong, with high quality houses and apartments achieving sales of £1,900 to £2,500 per square foot. Various landmark residential development schemes on the outskirts of the area, along with a host of smaller projects on prime streets, will no doubt further cement the area’s popularity for years to come.
Pastor Real Estate expands into Chelsea
“Having operated a successful sales and lettings business in Mayfair since 2012, Pastor Real Estate will open its third office in Chelsea later this year. Strong demand from Pastor Real Estates’ clients in both Monaco and London makes Chelsea the logical next step in the company’s expansion.
Refurbishment works to the Chelsea Green office are well underway and we look forward to welcoming both new and existing clients through our doors very soon. Located only a few minutes’ walk from the Kings Road, via Markham Street or Jubilee Place, Chelsea Green was the natural choice for a new office; particularly as it retains a village like atmosphere, something that resonates well with the Pastor Real Estate’s first London office in Mayfair’s Shepherd Market.
The new office will allow our expanding team of highly experienced sales and lettings negotiators to bring their local knowledge and experience to clients seeking a distinctively personal approach when dealing with the sale or rental of their property. We look forward to joining the abundance of other independent businesses operating in the area, and are pleased to offer a full range of property services including development, architecture, commercial agency, investment and property management, in addition to traditional residential sales and lettings services.”