Own your own Chelsea pad..but for only 44 DAYS A YEAR

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.

The four-bedroom home near St Luke’s Gardens in Chelsea, 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.

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’. 

According to the website’s description, the monthly upkeep of the home will also set you back £757 a month. 

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

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 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’.

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. The entrance is on the upper ground floor, where you step into an open plan living area that encompasses the entire floor. 

‘Going down one floor, the lower ground contains an open kitchen-dining area, featuring a bespoke Roundhouse kitchen design. Also on this level are a guest lavatory, pantry, and utility room. Sliding doors open onto a secluded rear patio. Below this is a daylight basement with home office, family room, and an en suite bedroom. 

‘The upper floor has a ‘penthouse suite’ of primary bedroom, pink marble bathroom and walk-in wardrobe. The house has top-of-the-range Kef speakers in every room, Heatmiser underfloor heating and Lutron QS Homeworks lighting’.

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'

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’

The fractional ownership 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’?’

Jamie Dennis added: ‘Timeshare for mugs.’

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.

And a luxury apartment in the heart of Chelsea overlooking the Thames would cost just under £30,000 for the 44 nights.

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'?'

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’?’

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'

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’

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

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

The description states: 'Behind the charming period façade, the house has been completely rebuilt to provide a spacious, light-filled, contemporary space arranged over five floors. The entrance is on the upper ground floor, where you step into an open plan living area that encompasses the entire floor.

The description states: ‘Behind the charming period façade, the house has been completely rebuilt to provide a spacious, light-filled, contemporary space arranged over five floors. The entrance is on the upper ground floor, where you step into an open plan living area that encompasses the entire floor.

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

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

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

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

The breathtaking four-bedroom home in West London boasts three reception rooms, a terrace and a balcony. The balcony is pictured above

The breathtaking four-bedroom home in West London boasts three reception rooms, a terrace and a balcony. The balcony is pictured above

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

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

https://www.dailymail.co.uk/news/article-11058763/Own-Chelsea-pad-44-DAYS-YEAR.html

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