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A stunning Chelsea townhouse is on the market for more than £800,000 but buyers can only live in it for 44 days every year.<br>The four-bedroom home near St Luke’s Gardens in Chelsea, West boasts three reception rooms, a terrace and a balcony.<br>It is refurbished to a high standard with shining glass frontage and a trendy steel staircase, as well as being fitted out with all the latest mod cons.<br>But the property is part of a ‘fractional ownership scheme’ – meaning that you only pay for one eighth of it. The price for a slice is £824,000, excluding stamp duty and monthly ‘home expenses’. <br>According to the website’s description, the monthly upkeep of the home will also set you back £757 a month. <br> The four-bedroom home in West London boasts three reception rooms, a terrace and a balcony.
It is refurbished to a high standard with shining glass frontage and a trendy steel staircase, as well as being fitted out with all the latest mod cons<br>The listing states that the property’s ‘Stay Availability’ means buyers can only stay in the townhouse for up to 44 nights a year. The property’s entrance is on the upper ground floor which leads into the open plan Condo living and Noise room. <br>The lower ground floor also has another toilet for guests, a pantry, a room for utilities and a rear patio.
On the floor beneath this, there is a basement complete with a home office with en suite bedroom. <br>The description for the home states: ‘The property, which comes fully furnished and professionally decorated, is perfectly situated to take advantage of everything the city has to offer, whilst also being a luxurious haven for relaxation’.<br>It continues: ‘Behind the charming period façade, the house has been completely rebuilt to provide a spacious, light-filled, contemporary space arranged over five floors’. <br> The property is part of a ‘fractional ownership scheme’ – meaning that you only pay for one eighth of it.
The price for a slice is £824,000, excluding stamp duty and monthly ‘home expenses'<br>The fractional ownership scheme – popular in the US for holiday homes – was branded a ‘timeshare for mugs’.<br>Baffled buying agent Henry Pryer said: ‘Can anyone explain what this is and if it’s ‘a thing’?'<br>Jamie Dennis added: ‘Timeshare for mugs.'<br>A four bedroom Airbnb with a sprawling garden just down the road in Lambeth, South London, would set you back just under £10,000 for 44 nights.<br>And a luxury apartment in the heart of Chelsea overlooking the Thames would cost just under £30,000 for the 44 nights.<br> One of the bedrooms is pictured above.
The scheme – popular in the US for holiday homes – was branded a ‘timeshare for mugs’. Baffled buying agent Henry Pryer said: ‘Can anyone explain what this is and if it’s ‘a thing’?'<br> The description for the home states: ‘The property, which comes fully furnished and professionally decorated, is perfectly situated to take advantage of everything the city has to offer, whilst also being a luxurious haven for relaxation'<br> The living room area is pictured above with a workspace seen left. It is refurbished to a high standard with shining glass frontage and a trendy steel staircase, as well as being fitted out with all the latest mod cons<br> The townhouse ownership share is on the market for £800,000.
But a luxury apartment in the heart of Chelsea overlooking the Thames would cost just under £30,000 for the 44 nights<br> The bathroom is seen above.
The stunning Chelsea townhouse is on the market for more than £800,000 – but you can only live in it for 44 days every year<br> The front of the townhouse is seen above.
The listing states that the property’s ‘Stay Availability’ means buyers can only stay in the townhouse for up to 44 nights a year<br> RELATED ARTICLES
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ShareThe breathtaking four-bedroom home in West London boasts three reception rooms, a terrace and a balcony.
The balcony is pictured above<br> The property’s terrace area is seen above.
But a four bedroom Airbnb with a sprawling garden just down the road in Lambeth, South London, would set you back just under £10,000 for 44 nights<br>
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