Old Church Street Chelsea SW3

Asking Price: £ 3,600,000 Subject To Contract

3 Bedrooms
1 Bathroom
2 Reception rooms
Patio
Roof Terrace

A fantastic opportunity to buy an unmodernised freehold home in the heart of Old Chelsea.

This well-formed and spacious house has been stripped out ready for complete renovation throughout with the benefit of implemented planning permission. The planning permission gives the purchaser the chance to create a
generous 3-4 bedroom house, with a sophisticated and spacious style of living, over five floors with a roof terrace. The property has been unoccupied for more than 2 years and therefore qualifies for 5% VAT on the majority of building works.

History
This unique house on Old Church Street is the old dairy shop, formerly part of Wright’s Dairy where folk would come to purchase their milk, butter and cheese. Wright’s dairy was one of the first in Chelsea and was erected in 1796. The fields behind the dairy, now Glebe Place, were used for the grazing cows and Old Church Street, formerly Church Street is one of the oldest recorded streets in the area, dating back to the 16th century. ince being the dairy shop, it has been both a tobacconist and a cake shop but has since been converted into a house.

Location
Today Old Church Street boasts a cinema, shops, some of Chelsea’s finest pubs, as well as an eclectic mix of architecturally stunning houses. It is a wonderful location
to live and this house provides an exciting opportunity for someone to create a truly special home.

Tenure: Freehold

Calculate the Stamp Duty on this property

Phone: +44 (0) 20 7225 0277
Email: Click here

Floorplan
Map
Brochure
Stamp Duty
EPC

Stamp Duty on Residential Property Purchases, as of 4 December 2014, is now calculated at increasing rates for each portion of the price being paid, in a similar fashion to income tax.

In order to simplify the more complicated calculation, Russell Simpson provide you with a 'Stamp Duty Calculator'.

Enter the proposed price below to establish the tax payable on your purchase

Purchase Price

Price bands	Percentage rate	Taxable sum	Tax
Up to £125,000	0%	£0	£0
Above £125,000 and up to £250,000	5%	0	0
Above £250,000 and up to £925,000	5%	0	0
Above £925,000 and up to £1,500,000	10%	0	0
Above £1,500,000+	12%	0	0
Total tax			0
Effective rate			0

TENANT FEES AND ADDITIONAL COSTS

In accordance with the Tenant Fees Act 2019, the rules for how fees will be charged for Assured Shorthold Tenancies (AST’s) are different to how fees will be charged for Non-Housing Act (NHA) tenancies.

Housing Act Tenancies: Assured Shorthold Tenancies (AST)	Non-Housing Act Tenancies (NHA): Also known as 'Common Law Tenancies'
An AST is the most common type of type of tenancy if you rent from a private landlord or letting agent.	An NHA tenancy is typically created if the rent is over £100,000 per year, or if it is a company tenancy.
You usually have an AST if: The rent is less than £100,000 per year You (the tenant) are an individual and are using the property as your main home Your landlord doesn’t live in the property The property is privately owned	A company tenancy is when a company takes on a residential tenancy agreement as the tenant. The company employee will live in the property as a ‘permitted occupant’.
An NHA tenancy would also be created if the property isn’t the tenant’s main home.

Housing Act Tenancies: Assured Shorthold Tenancies (AST)

Non-Housing Act Tenancies (NHA): Also known as 'Common Law Tenancies'

An AST is the most common type of type of tenancy if you rent from a private landlord or letting agent.

An NHA tenancy is typically created if the rent is over £100,000 per year, or if it is a company tenancy.

You usually have an AST if:

The rent is less than £100,000 per year
You (the tenant) are an individual and are using the property as your main home
Your landlord doesn’t live in the property
The property is privately owned

A company tenancy is when a company takes on a residential tenancy agreement as the tenant. The company employee will live in the property as a ‘permitted occupant’.

An NHA tenancy would also be created if the property isn’t the tenant’s main home.

Housing Act Tenancies / Assured Shorthold Tenancies (AST)

In accordance with the Tenant Fees Act 2019, permitted payments by a tenant to a landlord or agent are listed below.

All fees are shown inclusive of VAT.

A refundable holding deposit (to reserve a property) capped at one week’s rent. This will be put towards your first rent payment due prior to the start of the tenancy. Please note: this will be withheld if any relevant person (including any guarantor(s) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement within 15 calendar days (or other deadline as mutually agreed in writing).

Rent

A refundable deposit capped at no more than five weeks’ rent where the annual rent is less than £50,000, or six weeks’ rent where the total annual rent is £50,000 or more.

Payments to change the tenancy when requested by the tenant, capped at £50, or reasonable costs incurred if higher.

Payments associated with early termination of the tenancy when requested by the tenant – these include all costs, fees and charges incurred by the landlord for allowing early termination including the agents existing or re-letting fees.

Payments in respect of utilities, communication services, TV license and Council Tax.

A default fee for late payment of rent and replacement of a lost key / security device, where required under a tenancy agreement.

Green Deal charge.

Stamp Duty Land Tax – where the cumulative rent exceeds £125,000.

Non-Housing Act Tenancies

All fees are shown inclusive of VAT.

Holding deposit equivalent to one week’s rent. This will be put towards your first rent payment due prior to the start of the tenancy. We will retain your holding deposit should you withdraw from the tenancy.

Rent.

£36 per reference check (both for individuals and companies).

A deposit usually equivalent to six weeks’ rent, or if you have a pet this will usually be equivalent to eight weeks’ rent.

The cost of the check out of the inventory and schedule of condition at the end of the tenancy – the cost of this will vary depending on the size of the property.

Payments in respect of utilities, communication services, TV license and Council Tax.

A default fee for late payment of rent and replacement of a lost key / security device, where required under a tenancy agreement.

Stamp Duty Land Tax – where the cumulative rent exceeds £125,000.

Russell Simpson is a member of ARLA Propertymark and therefore endeavours to comply with ARLA Propertymark’s code of Practice. Further information, including the code of practice, can be obtained directly from the organisation’s website – www.arla.co.uk

Russell Simpson is a member of The Property Ombudsman (TPO) who can provide independent redress. More information on TPO can be found at their website – www.tpos.co.uk