Sold STC Terraced

38 CHESTER SQUARE

LONDON, GREATER LONDON SW1W 9HT

4 beds 4 baths 346 m² Listed 12 Feb 2025 (-488d)

£5,000,000

Save

# 4 bedroom terraced house for sale (SW1W 9HT)

## Property Details

| Key | Value |
|-----|-------|
| Address | 38 CHESTER SQUARE, LONDON, GREATER LONDON SW1W 9HT |
| Price | £5,000,000 |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Council tax | H |
| Last sold | £4,150,000 Nov 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** C
- **Potential rating:** B
- **Expiry date:** 03/08/2032
- **Current heating cost:** £1,333/year
- **Est. upgrade cost to C:** £14,060

### Recommendations
- Q (£4,000 - £14,000)
- D (£80 - £120)
- E (£60)
- O (£3,300 - £6,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7415-4242-3002-0708-2302)

## Description

Chester Square is located in the heart of Belgravia,

immediately to the south of Eaton Square. It is one of the most highly regarded garden squares in prime central London with its famous white stucco fronted terraces, and large expanse of private lawned gardens, enjoyed exclusively by the residents of the square.

Belgravia was built almost entirely on the ‘Five

Fields’, part of land acquired by Sir Thomas Grosvenor in 1677 on his marriage to the heiress

Mary Davies. James Wyatt prepared an early plan for the family to develop the area in the 18th century, and Thomas Cubitt, the famous architect, conceived the detail of these distinctive grand houses, including beautiful Chester Square,

between 1820?1840. St Michael’s Church, opposite

38 Chester Square, was commissioned in 1846.

This exquisite garden square has a large number of exclusive specialist shops and restaurants in neighbouring Elizabeth Street and Eccleston Street.

Also, very nearby are the international designer labels of Sloane Square and Sloane Street, and the galleries and antique shops of Pimlico Road.

The gardens and tennis court of Belgrave Square

are on the door step, which residents can use, subject to certain conditions laid down by the Grosvenor Estate.

## Property Photos

- ![Grand Proportions](/listings/photos/158182637/199610) - Grand Proportions
- ![Handsome Facade](/listings/photos/158182637/199611) - Handsome Facade
- ![Communal Gardens](/listings/photos/158182637/199612) - Communal Gardens
- ![Private Square](/listings/photos/158182637/199613) - Private Square
- ![First Floor Elegance](/listings/photos/158182637/199614) - First Floor Elegance
- ![Grand Entrance](/listings/photos/158182637/199615) - Grand Entrance
- ![First Floor Elegance](/listings/photos/158182637/199616) - First Floor Elegance
- ![Drawing Room](/listings/photos/158182637/199617) - Drawing Room
- ![Dining Room](/listings/photos/158182637/199618) - Dining Room
- ![Atmospheric Library](/listings/photos/158182637/199619) - Atmospheric Library
- ![Principal Bedroom](/listings/photos/158182637/199620) - Principal Bedroom
- ![Grand Entrance](/listings/photos/158182637/199621) - Grand Entrance
- ![Bedroom 2](/listings/photos/158182637/199622) - Bedroom 2
- ![Bedroom 4/Sitting](/listings/photos/158182637/199623) - Bedroom 4/Sitting
- ![Communal Gardens](/listings/photos/158182637/199624) - Communal Gardens
- ![Garage](/listings/photos/158182637/199625) - Garage
- ![Handsome Exterior](/listings/photos/158182637/199626) - Handsome Exterior
- ![Stunning Gardens](/listings/photos/158182637/199627) - Stunning Gardens
- ![Exterior](/listings/photos/158182637/199628) - Exterior

## Floorplans

- ![Floorplan](/listings/photos/158182637/199629) - Floorplan

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/158182637/199630) - EPC Rating Graph

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 38 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT | £4,150,000 | 29/11/2024 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 46 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9EA | £25,515,000 | 07/11/2023 | Terraced |
| [Same street] 40 FLAT 4 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT | £3,900,000 | 29/09/2023 | Flat |
| [Same street] 40 FLAT 4 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT | £3,900,000 | 29/09/2023 | Flat |
| 59 EATON MEWS WEST, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9ET | £2,700,000 | 21/08/2023 | Terraced |
| [Same street] 40 - 41 BASEMENT STORAGE SPACE CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT | £7,700 | 10/07/2023 | Other |
| [Same street] 33 - 36 FLAT 1 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT | £2,700,000 | 11/05/2023 | Flat |
| 58 EATON MEWS WEST, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9ET | £3,269,500 | 14/04/2023 | Terraced |
| 36 EATON MEWS SOUTH, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HR | £3,400,000 | 06/06/2022 | Terraced |
| 42 BOSCOBEL PLACE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9PE | £3,825,000 | 14/04/2022 | Terraced |
| 60 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9EA | £12,600,000 | 04/03/2022 | Terraced |
| 21 CHESTER ROW, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9JF | £5,725,000 | 24/02/2022 | Terraced |
| 46 BOSCOBEL PLACE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9PE | £3,850,000 | 10/02/2022 | Terraced |
| 52 EBURY MEWS, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9NY | £2,650,000 | 21/12/2021 | Terraced |
| 34 EATON MEWS SOUTH, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HR | £3,500,000 | 17/12/2021 | Terraced |

**Street average:** £2,626,925 (4 sales)
**Area average:** £6,703,450 (10 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £3,929,280 (5 Terraced, SW1W, 2024–2026)
- **Deviation:** +27.2%

## Rental Range

*ONS Price Index of Private Rents (Westminster). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £2,834/mo
- **Realistic:** £3,149/mo
- **Optimistic:** £3,464/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central London (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £3,052/mo

## 1% Rule

- **Rent ratio:** 0.06% (weak for cashflow)
- **Max investor price (0.8%):** £393,625
- **Target investor price (1%):** £314,900

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.*

## Price per Square Metre

- **£/m²:** £14,451/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -46.7%
- **10y growth:** -35.8%

## House Price Index (HM Land Registry)

*Official index for City of Westminster; Terraced series; as of March 2026.*

- **1y growth (index):** -6.9%
- **5y growth (index):** -11.4%
- **10y growth (index):** -8.2%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Grand Proportions Handsome Facade Communal Gardens Private Square First Floor Elegance Grand Entrance First Floor Elegance Drawing Room Dining Room Atmospheric Library Principal Bedroom Grand Entrance Bedroom 2 Bedroom 4/Sitting Communal Gardens Garage Handsome Exterior Stunning Gardens Exterior

/ 19

Property details

Tenure

LEASEHOLD (32 years remaining on lease)

Floor area

346 m²

Council tax band

EPC rating

Last sold

£4,150,000 Nov 2024

Price per m²

£14,451/m²

Local average

£3,929,280 (+27.2%)

Deprivation

Decile 8 (24,755 of 33,755)

Street crime

1317 incidents within 1 mile (Apr 2026)

Additional details

Parking: Yes
Garden: Yes

Description

38 Chester Square is a glamorous home, combining formality and splendour with dramatic reception space and four generous bedroom suites. Of particular note, the property offers a handsome entrance hall with sweeping staircase; a glorious ground floor dining room and library; a magnificent south facing first floor drawing room with two sets of French windows opening out onto an ornamental balcony. The second floor includes an indulgent and beautiful principal en suite bedroom and a further en suite bedroom (or sitting room/ dressing room). There is also a single garage and store room held on the same lease and accessed from Boscobel Place to the rear. The property has views towards the beautiful gardens of Chester Square and is located on the north side of this sought after address.

Chester Square is located in the heart of Belgravia,
immediately to the south of Eaton Square. It is one of the most highly regarded garden squares in prime central London with its famous white stucco fronted terraces, and large expanse of private lawned gardens, enjoyed exclusively by the residents of the square.

Belgravia was built almost entirely on the ‘Five
Fields’, part of land acquired by Sir Thomas Grosvenor in 1677 on his marriage to the heiress
Mary Davies. James Wyatt prepared an early plan for the family to develop the area in the 18th century, and Thomas Cubitt, the famous architect, conceived the detail of these distinctive grand houses, including beautiful Chester Square,
between 1820?1840. St Michael’s Church, opposite
38 Chester Square, was commissioned in 1846.

This exquisite garden square has a large number of exclusive specialist shops and restaurants in neighbouring Elizabeth Street and Eccleston Street.
Also, very nearby are the international designer labels of Sloane Square and Sloane Street, and the galleries and antique shops of Pimlico Road.
The gardens and tennis court of Belgrave Square
are on the door step, which residents can use, subject to certain conditions laid down by the Grosvenor Estate.

Listed by

Chelsea

BNP Paribas - Strutt & Parker

Reference: 158182637

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: B

Inspection date: 04/08/2022

Expiry date: 03/08/2032

Current heating cost: £1,333/year

Potential heating cost: £869/year

Est. upgrade cost to C: £14,060

Recommendations

50 mm internal or external wall insulation (£4,000 - £14,000)
Draughtproof single-glazed windows (£80 - £120)
Low energy lighting for all fixed outlets (£60)
Replace single glazed windows with low-E double glazing (£3,300 - £6,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan

EPC Graphs

EPC Rating Graph

Price history

Event	Date	Price	% change
Sold	29/11/2024 (1 year ago)	£4,150,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
46 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9EA	£25,515,000	07/11/2023	Terraced
Same street 40 FLAT 4 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT	£3,900,000	29/09/2023	Flat
Same street 40 FLAT 4 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT	£3,900,000	29/09/2023	Flat
59 EATON MEWS WEST, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9ET	£2,700,000	21/08/2023	Terraced
Same street 40 - 41 BASEMENT STORAGE SPACE CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT	£7,700	10/07/2023	Other
Same street 33 - 36 FLAT 1 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HT	£2,700,000	11/05/2023	Flat
58 EATON MEWS WEST, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9ET	£3,269,500	14/04/2023	Terraced
36 EATON MEWS SOUTH, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HR	£3,400,000	06/06/2022	Terraced
42 BOSCOBEL PLACE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9PE	£3,825,000	14/04/2022	Terraced
60 CHESTER SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9EA	£12,600,000	04/03/2022	Terraced
21 CHESTER ROW, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9JF	£5,725,000	24/02/2022	Terraced
46 BOSCOBEL PLACE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9PE	£3,850,000	10/02/2022	Terraced
52 EBURY MEWS, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9NY	£2,650,000	21/12/2021	Terraced
34 EATON MEWS SOUTH, LONDON, CITY OF WESTMINSTER, GREATER LONDON, SW1W 9HR	£3,500,000	17/12/2021	Terraced

Street average: £2,626,925 (4 sales)

Area average: £6,703,450 (10 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -46.7%

10y growth -35.8%

House Price Index (HM Land Registry — official index, not sold-price averages): City of Westminster. Series: Terraced. As of March 2026.

1y (index) -6.9%

5y (index) -11.4%

10y (index) -8.2%

Company ownership

Registered legal owner is a company.

Company-owned (UK company)

Company: INPUTKEY LIMITED (3124212)

Rental Range

Estimated market rent for Westminster. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,834/mo

Realistic £3,149/mo

Optimistic £3,464/mo

Based on Local Authority from postcode lookup → Westminster.

LHA (30th percentile) floor for Central London: £3,052/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SW1W 9HT

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Eaton Square	0.1 miles
Shop	Bijoux Medi-Spa	0.1 miles
Shop	Giuseppe	0.1 miles
Train station	Sloane Square	0.3 miles
Train station	London Victoria	0.3 miles
University	National Heart and Lung Institute	1.0 miles
University	University of Notre Dame	1.3 miles
Hospital	Bridge Lane Health Centre	1.6 miles
Hospital	Tunica Diagnostics	1.7 miles

Street-level crime

Category	Count
Anti-social behaviour	300
Violence and sexual offences	205
Other theft	190
Theft from the person	169
Shoplifting	137
Public order	69
Vehicle crime	65
Criminal damage and arson	53
Drugs	36
Burglary	34
Robbery	28
Bicycle theft	15
Other crime	10
Possession of weapons	6
Total incidents	1317

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Inchbald School of Design	Other	0.2 miles	— (No rating)
Eaton House School	Other	0.2 miles	— (No rating)
St Peter's Eaton Square CofE Primary School	Primary	0.2 miles	Requires improvement — 24 Jan 2023
Francis Holland School	Other	0.3 miles	— (No rating)
Holy Trinity CofE Primary School	Primary	0.3 miles	Good — 13 Dec 2012

Rental Comparables

Rental listings exist nearby, but none matched the 4-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.06%

Max investor price (0.8%) £393,625

Target investor price (1%) £314,900

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).