INVESTORS GUIDE - Knight Frank
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INVESTORS GUIDE
C o m p u t e r g e n e r a t e d i m a g e , i n d i c a t i v e o n l y.
A TRANQUIL WATERSIDE SETTING
Chelsea is one of London’s most exclusive neighbourhoods.
Just moments from the famous King’s road and the River Thames,
The Imperial – a 30 storey tower with sweeping city views – and the
stylish Westwood House each offer beautiful homes for healthy
lifestyles each with their own outside space in a refreshingly
unique urban setting.
CHELSEA CREEK WHY CHELSEA
Chelsea Creek bears all the hallmarks of a sound investment. Whether you travel by foot or Taxi, you needn’t go far to find the
Set in amongst the River Thames and the famous Kings Road, very best that London has to offer. From world-famous shopping
the developments boasts a prime location home to many of London’s to Michelin-starred dining, must-see Art exhibitions to peaceful
affluent residents. With designer boutiques, Michelin starred dining, havens in the neighbourhoods many gardens and parks,
art exhibitions and tranquil parks, Chelsea Creek is one of London’s the area is yours to explore.
most exclusive neighbourhoods attracting high earning tenants.
36% 35 +18%
5–7% POPUL ATION AVERAGE PROPERTY MINUTES BY CAR INCREASE TO RENTAL
From around the globe young families For many reasons Chelsea Creek has fast GROWTH OVER THE PRICE UP OVER PAST TO HEATHROW PRICES OVER THE
and students alike continue to choose become an established investment choice NEXT 10 YEARS 5 YEARS NEXT 5 YEARS
Chelsea Creek as their base for education and with the South Fulham regeneration of
with some of London’s top schools located the area providing 40 Hectares of riverside
within 20 minutes from the development.
Young high flyers and socialites are
redevelopment including the neighbouring
Gasworks – Kings Road Park by St William, 15% 37
the last and final launch of our luxury tower PROJECTED HOUSE OUTSTANDING IS GENERATED EACH YEAR 2M PASSENGERS
attracted to the area for its close proximity
The Imperial and Westwood House, offers PRICE GROWTH OVER PRIMARY SCHOOLS BY VISITORS TO THE RBKC USE IMPERIAL WHARF
to Kensington, Knightsbridge and Mayfair, THE NEXT 5 YEARS MUSEUM QUARTER STATION EACH YEAR
the ideal investment opportunity.
whilst professionals from the Financial,
Legal and Media sector are attracted to
the convenience of having Imperial Wharf
station on the door step.
13 2
WORLD CL ASS CHELSEA FLOWER SHOW 3,391 PROFESSIONAL
GREEN SPACES THE MOST FAMOUS FLOWER SHOPS FOOTBALL CLUBS,
& L ANDSCAPE GARDENS CHELSEA AND FULHAM
SHOW IN THE WORLD
THE
CHELSE A
7km 790
IMPERIAL
CREEK
IMPERIAL
SLOANE CHELSE A BAT TERSE A WHARF
SQUARE BRIDGE PARK STATION OF THE THAMES RESTAURANTS 600+ HECTARES OF 2.6 MILES
RIVERSIDE FRONTAGE & CAFÉS OPEN SPACE ACROSS FROM HARRODS
WEST WOOD NEIGHBOURING
HOUSE BOROUGHS
K ING’ S DUK E OF YORK THE CANARY CHELSE A
ROAD SQUARE CIT Y WHARF HARBOUR
TRANSPORT LINKS EDUCATION
Two train stations are a short walk away offering direct links to central London. Chelsea Creek is within easy
reach of many of the capital’s
best-ranked universities
WALK TUBE FROM IMPERIAL DRIVE AIRPORTS and schools.
FROM WESTWOOD WHARF OR FULHAM FROM WESTWOOD FROM WESTWOOD
HOUSE BROADWAY HOUSE BY ROAD HOUSE BY ROAD
West Brompton Sloane Square London Heathrow
Imperial Wharf 03 mins 10 mins 35 mins SCHOOLS
04 mins
Clapham Junction Knightsbridge London Gatwick Thomas’s Battersea 12 min
05 mins 12 mins 45 mins St Paul’s School 20 min
Fulham Broadway
14 mins
Kensington Olympia Westfield London City Airport Godolphin and Latymer School 22 min
06 mins 14 mins 1hr
Eaton Square School 24 min
Shepherds bush Hyde Park London Luton
08 mins 16 mins 1hr 15 mins
UNIVERSITIES
Park Lane London Stansted Imperial College London 28 min
Victoria 16 mins 1hr 30 mins
21 mins King’s College London 33 min
Oxford Street
London School of Economics 33 min
High Street Kensington 20 mins
23 mins University College London 38 min
King’s Cross
Bond Street 30 mins
24 mins
Oxford Circus
25 mins
Driving times are approximate, and measured by fastest route
C o m p u t e r g e n e r a t e d i m a g e , i n d i c a t i v e o n l y. Journey times are approximate only and measured by fastest route source: tfl.gov.uk/fastestroute source: google.co.uk
THE DEVELOPMENT FACILITIES LOCAL MARKET OVERVIEW
• Located in one of the world’s most • Highly specified interiors, including • E xclusive access to The Spa with BENHAM & REEVES LETTINGS
exclusive neighbourhoods, close custom-designed shaker-style kitchens swimming pool, sauna, steam room, MARC VON GRUNDHERR, RENTAL GROWTH IN
76%
to the shops, bars and restaurants and bespoke bathrooms with porcelain treatment room and gym LETTINGS DIRECTOR HAMMERSMITH & FULHAM
of the popular King’s Road floor and wall tiles
• S tylishly designed entrance
Lettings at Chelsea Creek go from strength OF THE LOCAL POPUL ATION
• A collection of Manhattan 1, 2 and • Situated in Zone 2 with Imperial Wharf lobby and corridors IS YOUNG PROFESSIONAL
to strength, with demand far exceeding
29%
3-bedroom luxury apartments and station (Overground) just a four-minute
• 24-hour concierge supply. Over the last quarter (Q4 2019)
32
penthouses in a unique waterside setting walk away and Sloane Square just ten
minutes by taxi
we have seen unprecedented numbers %
18%
• Access to The Imperial of renters – with 7.4% more applicants
• E ach apartment features a balcony L AST 5 YEARS
• Over 16,000 sq ft of commercial space to Residents’ Lounge and cinema than in Q4 2018.
and floor-to-ceiling windows, OF HOUSEHOLDS
EARN ABOVE £60K
ensuring impressive vistas and an provide residents with useful amenities Our on-site office at Imperial Wharf/ 5 YEAR FORECAST
abundance of natural light Chelsea Creek is a huge advantage
7%
• Perfectly located for shopping
in facilitating lettings faster than other
• S et within a landscaped park, featuring in the West End, including Harrods,
agents and generally at or close to asking
waterways and a dockside plaza Selfridges and Harvey Nichols
prices. In fact during Q4 2019 71.3% of INCREASE IN POPUL ATION
FORECAST BY 2028 The above source is CBRE Borough by Borough
offers were at the quoted asking price. 2019 Rental Report,Hammersmith and Fulham.
Investors who purchased in Phase 1
WEST WOOD HOUSE RESIDENTS’ LOUNGE at Imperial Wharf are now achieving
yields of as high as 15% on the original CHELSEA CREEK PRICE GROWTH
purchase price, demonstrating that buying
£1525
in a convenient location from a quality
developer who specialise in place making
coupled with using a professional agent £2K £950
=61%
leads to a fantastic investment.
£1K
AN INCREASE
SQ FT OF £575 PER SQ FT
2010 2015 2018
TOP RENTAL REQUIREMENTS CASH FLOW FORECAST*
C o m p u t e r g e n e r a t e d i m a g e , i n d i c a t i v e o n l y. C o m p u t e r g e n e r a t e d i m a g e , i n d i c a t i v e o n l y.
• On site gym CASH FLOW –
1 BEDROOM APT
• 24-hour concierge 2020 2021 2022 2023 2024 TOTAL
WESTWOOD HOUSE - APARTMENT MIX (TYPICAL PRICE
• Comfort cooling £695K)
APARTMENTS AVG. SIZE (SQ FT) STARTING PRICES AVG. PRICE (SQ. FT.)
•H
igh-end kitchen appliances 25% Deposit £70,000 £70,000 £35,000 – – £174,000
Manhattan 474 £695,000 £1,513 75% Completion Amount – – – £521,000 – £521,000
• Wellness facilities
1 bedroom 599 £835,000 £1,458 Capital Appreciation (£5,000) (£20,000) £47,000 £583,000 £34,000 £640,000
• Outside space
2 bedroom 859 £1,200,000 £1,587 Your Equity £64,000 £135,000 £182,000 £765,000 £800,000 £800,000
• WFH facility
3 bedroom duplex penthouse 1,735 £2,650,000 £1,648 Equity appreciation -7.5% -3% 5% 10% 15% 15%
THE IMPERIAL - APARTMENT MIX
APARTMENTS AVG. SIZE (SQ FT) STARTING PRICES AVG. PRICE (SQ. FT.)
5 YEAR UK HOUSE PRICE GROWTH**
Manhattan 489 £750,000 £1,568 CAPITAL GROWTH % 2020 2021 2022 2023 2024 TOTAL
TYPES OF TENANTS
1 bedroom 605 £850,000 £1,525 Knight Frank -3.0% 5% 3% 3% 3% 11%
RENTING IN CHELSEA
2 bedroom 884 £1,295,000 £1,676 Savills -7.5% 5% 8% 5% 4.5% 15%
The Chelsea area attracts mainly
3 bedroom 1,272 £1,945,000 £1,710 families due to the excellent
EST. WEEKLY RENTAL VALUES AVERAGE GROSS RENTAL YIELDS independent schools and substantial
3 bedroom duplex penthouse 2,183 £5,000,000 £2,325 houses. The demand for rental
FOR WESTWOOD HOUSE AND THE IMPERIAL*** FOR WESTWOOD HOUSE AND THE IMPERIAL
properties such as these is driven by
APARTMENTS WEEKLY RENTAL APARTMENTS YIELD American and European families as
RESIDENTS’ POOL RESIDENTS’ CINEMA
well as local residents. The typical
Manhattan £550 - £765 Manhattan 4%
profile is someone who is working
1 bedroom £715 - £825 1 bedroom 4% within the financial, legal or media
sectors of the city who wants to enjoy
2 bedroom £1,430 - £2,275 2 bedroom 3%
this popular area of London.
3 bedroom £1,850 - £7,800 3 bedroom duplex
4%
Penthouses £22,000 penthouses
P h o to g r a p h y d e p i c t s t h e s w i m m i n g p o o l , i n d i c a t i v e o n l y C o m p u t e r g e n e r a t e d i m a g e , i n d i c a t i v e o n l y. * Prices and Forecasts were correct at the time of publishing, August 2020. * Based on Knight Frank UK Residential Market Forecast 2020-2024 research Source Marler and Marler Chelsea area guide
*** Subject to market appraisal on completion.
CHELSEA CREEK
L i f e s t y l e p h o to g r a p h y, i n d i c a t i v e o n l y
RENTAL AGENTS BUILDING INSURANCE RESERVATION TERMS
Benham & Reeves 10-year warranty 1. £ 10,000 reservation fee is payable
+44 (0)207 348 7620 on all properties.
COUNCIL TAX
Knight Frank 2. 10% of purchase price, less reservation
newhomes@knightfrank.com Average (2 occupants) per annum in fee already paid, payable on exchange
+44 (0)203 8260673 2020/21: of contracts within 21 days.
Band A £749.66 pa
3. A further 10% of purchase price payable
LOCAL AUTHORITY Band B £874.61 pa 12 months after exchange of contracts.
London Borough of Fulham Band C £999.54 pa
4. A
further 5% advance paymen
and Hammersmith
Band D £1,124.49 pa payable within 18 months of exchange
Band E £1,374.37 pa of contracts.
GROUND RENT
Band F £1,624.27 pa 5. Balance of 75% payable on completion.
• Manhattan £350.00 pa*
• 1 bedroom £450.00 pa Band G £1,874.15 pa
For reservation payment: We accept
• 2 bedroom £600.00 pa Band H £2,165.06 pa Visa and Mastercard, however we do not
• 3 bedroom duplex penthouse £750.00 pa Source: www.lbhf.gov.uk. Prices correct at time of going to press. accept American Express or Union Pay.
*T he ground rent premium is as per the ground rent schedule in the
legal pack and will increase in accordance with RPI every 21 years.
THE DEVELOPER PARKING
ESTIMATED SERVICE CHARGE** St George City, committed to Right to park permit available at the
delivering very high standards of design time of reservation £50,000 each.
Westwood House:
and quality whilst maintaining low
G1 £5.91 psf, G2+3 - £6.29 psf
environmental impact and exceptional
The Imperial: £5.80 psf
customer experience.
TENURE
999 year lease from 2010
CHELSEA CREEK SHOW APARTMENTS & MARKETING SUITE
9 Park Street, Chelsea Creek, London SW6 2FS | +44 (0)20 7610 9693 | www.chelseacreek.co.uk
Disclaimer: **”Anticipated service charge” is an estimate only and subject to change. The estimate is dated July 2020 and does not make allowances for increases due to RPI, inflation etc. from the date of preparation to legal comple-
tion. Terms of change that can affect the service charge include, but are not limited to, changes in industry or government legislation, unexpected cost and any other matter outside of the control of St George. The appointed Managing
Agent may also charge additional fees, outside of the service charge, for items including, but not limited to, licences and consents, sub-letting, legal proceedings and re-selling / sales pack. Please be aware that these details are
intended to give a general indication of properties available and should be used as a guide only. The company reserves the right to alter these details at any time. The contents herein shall not form any part of any contract or be a
representation including such contract. These properties are offered subject to availability. Applicants are advised to contact the sales office or the appointed agents to ascertain the availability of any particular type of property so as to
avoid a fruitless journey. The property areas are provided as gross internal areas under the RICS measuring practice 4th edition recommendation. Photography and computer generated images depict Chelsea Creek and are indicative
only. Timings are approximate. Source: www.tfl.gov.uk. Map is not to scale and shows approximate locations only. Purchasing uncompleted properties located outside Hong Kong is complicated and contains risk. You should review all
relevant information and documents carefully. If in doubt, please seek independent professional advice before making a purchase decision. Planning permission number: 2018/02929/FUL. Borough/council issuing permission: London
Borough of Hammersmith and Fulham. Acquiring interest: 999 year leasehold interest from June 2010.
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