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Buyer advisory listing

Powerhouse

Chelsea · SW10

£1,703,000

Available

Shared as market insight by Prime Legacy Homes, an independent buyer advisor. We are not the selling agent for this property unless formally instructed in writing.

Key facts

Developer
Cheung Kong Property Holdings
Address
Lots Road London SW10 0QD, SW10
Completion
First completions Q4 2023; Q1 - Q2 2024
Service charge
yes
2 Bedrooms from
£1,703,000
3 Bedrooms from
£2,008,000

Amenities

  • Concierge
  • Parking

Investor data

The facts a buyer needs before committing, listed whether or not we hold them. A blank row would read as "there is nothing to disclose"; an outstanding row says what it is — outstanding.

Investor data: 1 of 13 fields confirmed

Counted against the fields that apply to this property. Most listings sit low here today: we publish what the seller has given us and chase the rest rather than filling the gaps with assumptions.

Deal-blocking facts

Any one of these can end a purchase. Ask before you offer.

Tenure
Not yet available — requested from the seller
Unexpired lease term
Not yet available — requested from the seller
Service charge
yes
Ground rent
Not yet available — requested from the seller
Ground rent review basis
Not yet available — requested from the seller
EPC rating
Not yet available — requested from the seller
Council tax band
Not yet available — requested from the seller

Building safety

The post-Grenfell questions that decide whether a flat can be resold or remortgaged.

EWS1 form status
Not yet available — requested from the seller
Cladding and external wall status
Not yet available — requested from the seller
Building insurance basis
Not yet available — requested from the seller
Section 20 planned works
Not yet available — requested from the seller
Managing agent
Not yet available — requested from the seller

Income in place

Applies where the property is sold with a tenant or a letting history.

Rent passing
Not applicable — offered with vacant possession, not tenanted
Tenancy type
Not applicable — offered with vacant possession, not tenanted
Tenancy expiry
Not applicable — offered with vacant possession, not tenanted
Void periods, last three years
Not yet available — requested from the seller

Ask us to chase any outstanding field before you view.

Net yield calculator

Test the return on this property against your own assumptions. Figures update as you type.

Purchase and income

Prefilled from the guide price. Edit it to model an offer.

Pounds per calendar month, before costs.

Pounds per year, as stated in the lease.

Ground rent, letting management, insurance, maintenance.

Modelling assumptions

Defaults last reviewed 2026-08-18. Every figure here is an assumption we have made on your behalf, and every one of them is editable.

Share of the year with no rent. Default 10%, about five weeks.

Compounded across the projection. London blocks have run well above CPI.

A sinking allowance for Section 20 works. Default £2,500 a year.

Legal fees, survey and searches, on top of stamp duty.

Agency and legal fees on exit, as a share of the sale price.

Default 2% a year. The 0% and forced-sale columns are always shown alongside it.

The return you want over five years. We solve for the growth it would take.

Finance

Set to 0 to model a cash purchase.

Interest-only basis. The contractual rate you would actually pay.

Added to the pay rate for the lender's affordability test. Cannot be set below 2 — no lender offers a softer test.

Buyer profile

Individuals cannot deduct mortgage interest; relief is a 20% tax credit instead. The company path assumes profit is fully extracted as a dividend, so it overstates the drag if you reinvest.

Default 45%, the additional rate, where Section 24 bites hardest.

Your figures

Yields

Gross yield
0.00%
Net initial yield
-0.13%
Net yield after tax
-0.13%

Gross yield ignores voids, service charge, major works and tax. It is shown only alongside the net figures, never on its own.

Monthly cash flow, pre-tax
-£4,679
Monthly cash flow, post-tax
-£4,679
Income tax, year one
£0
Break-even occupancy
Stamp duty (SDLT)
£203,260
Total acquisition cost
£1,911,260
Lender stress rate
7.25%
Interest cover at stress rate
0.00%
Growth needed for a 8% IRR
9.88%
Ten-year total return
-£455,101
Ten-year annualised return
-6.92%

Price plus SDLT plus buying costs. From April 2028 the High Value Council Tax Surcharge adds a further annual charge on homes valued above £2m, which this model does not yet include.

Lender ICR test

  • 125% — fail
  • 145% — fail

Per year, over 5 years, after costs, tax and selling fees.

If the market does not cooperate

The 0% column and the three-year forced sale are always shown. A projection that only displays the optimistic case is a sales document, not a model.

2%/yr over 10 years0%/yr over 10 yearsForced sale: −10% over 3 years
Sale price£2,075,947£1,703,000£1,532,700
Proceeds after costs and loan£1,002,249£638,625£472,582
Cumulative post-tax rent-£567,890-£567,890-£168,815
Total return on cash invested-£455,101-£818,725-£585,692
Return on cash invested (%)-51.17%-92.05%-65.85%

Illustrative only. This is not financial or tax advice. Mortgage costs are modelled interest-only, rent is held flat while costs inflate, and the figures exclude furnishing, refurbishment and capital gains tax on sale. SDLT rates are current as at August 2026 — confirm your own position with a qualified adviser before you commit.

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Powerhouse — Chelsea, London | Prime Legacy Homes