Rat and Mouse
Tue
05
Jul
Detached Chelsea house - from £5,000 to £8.5m in 53 years

20110705gilston lodge

And they wonder why the Brits are obsessed with property investment. It's Gilston Lodge, last on the market in 1958 when it sold for £5,000. Now, this detached six-bedroom house with garage right in the heart of Chelsea is one of the area's hot property's, creating more than a little excitement and expected to fetch in excess of £8.5m. Whoever buys it will need even deeper pockets, though, as it will need a few more million spent on refurbishment. The house has received 50 viewings in three weeks, and will go to sealed bids. Particulars here.

20110704Gilston Lodge2

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