# 3 bedroom flat for sale (SW7 4QN) ## Property Details | Key | Value | |-----|-------| | Address | PENTHOUSE, ATHERSTONE HOUSE, 69A, GLOUCESTER ROAD, LONDON, GREATER LONDON SW7 4QN | | Price | £2,500,000 | | Bedrooms | 3 | | Bathrooms | 2 | | Last sold | £2,075,000 Mar 2024 | ## Description This expansive, 3 bedroom penthouse is arranged on the third and fourth floors of a handsome period conversion and boast a substantial entertaining space with a 23' reception, master suite and contemporary kitchen. Gloucester Road is ideally located for a collection of local shops and transport links available on the same road. ## Property Photos - ![Photo](/listings/photos/127320617/645672) - ![Photo](/listings/photos/127320617/645673) - ![Photo](/listings/photos/127320617/645674) - ![Photo](/listings/photos/127320617/645675) - ![Photo](/listings/photos/127320617/645676) - ![Photo](/listings/photos/127320617/645678) - ![Photo](/listings/photos/127320617/645679) - ![Photo](/listings/photos/127320617/645680) - ![Photo](/listings/photos/127320617/645681) - ![Photo](/listings/photos/127320617/645682) - ![Photo](/listings/photos/127320617/645683) - ![Photo](/listings/photos/127320617/645684) - ![Photo](/listings/photos/127320617/645686) - ![Photo](/listings/photos/127320617/645687) - ![Photo](/listings/photos/127320617/645688) - ![Photo](/listings/photos/127320617/645689) - ![Photo](/listings/photos/127320617/645691) - ![Photo](/listings/photos/127320617/645692) ## Floorplans - ![Floorplan area for info only, not for £/sq. ft valuation](/listings/photos/127320617/645693) - Floorplan area for info only, not for £/sq. ft valuation - ![Floorplan 2](/listings/photos/127320617/645694) - Floorplan 2 ## EPC Graphs - ![EER](/listings/photos/127320617/645701) - EER ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | ATHERSTONE HOUSE, 69A PENTHOUSE GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £2,075,000 | 15/03/2024 | Flat | | ATHERSTONE HOUSE, 69A PENTHOUSE GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £1,860,000 | 19/12/2013 | 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 | |---------|-------|------|------| | [Same street] 51 FLAT 1 GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £725,000 | 15/01/2026 | Flat | | 41 FLAT 3 ELVASTON PLACE, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5NP | £885,000 | 12/12/2025 | Flat | | 9 - 10 FLAT 2 CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AL | £2,000,000 | 22/10/2025 | Flat | | 44 FLAT 5 ELVASTON PLACE, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5NP | £1,530,000 | 29/11/2024 | Flat | | 13 FLAT 4 CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AN | £2,100,000 | 24/10/2023 | Flat | | 49 FLAT 1 ELVASTON PLACE, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5NP | £1,500,000 | 12/10/2023 | Flat | | [Same street] 51 4 GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £980,000 | 29/09/2023 | Flat | | 21 - 22 FLAT 9 QUEENS GATE GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5LZ | £330,000 | 08/09/2023 | Flat | | [Same street] LOWER GROUND FLOOR, 53 FLAT A GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £665,000 | 21/08/2023 | Flat | | 6 FLAT 5 SOUTHWELL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4SB | £1,200,000 | 02/08/2023 | Flat | | 83 FLAT 7 CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AY | £660,000 | 16/06/2023 | Flat | | 8 FRONT BASEMENT FLAT CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AL | £600,000 | 28/04/2023 | Flat | | 53 FLAT D QUEENS GATE GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5NF | £1,360,000 | 28/12/2022 | Flat | | 10 GROUND FLOOR FLAT SOUTHWELL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4SB | £2,500,000 | 16/12/2022 | Flat | | 8 FIRST FLOOR FLAT CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AL | £1,700,000 | 15/12/2022 | Flat | | 1 - 3 FLAT 16 CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AJ | £4,200,000 | 14/12/2022 | Flat | | [Same street] 53 FOURTH FLOOR FLAT GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £875,000 | 14/11/2022 | Flat | | 87A CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AY | £500,000 | 14/11/2022 | Flat | | 47 QUEENS GATE GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5ND | £3,020,000 | 31/10/2022 | Flat | | 14 FLAT 3 QUEENS GATE GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5LY | £2,850,000 | 14/10/2022 | Flat | | 15 - 16 FLAT 11 CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AN | £650,000 | 23/09/2022 | Flat | | 7 - 8 FLAT 2 SOUTHWELL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4SB | £1,375,000 | 20/09/2022 | Flat | | 89 FLAT 6 CORNWALL GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4AX | £1,728,000 | 02/09/2022 | Flat | | 23 FLAT 4 QUEENS GATE GARDENS, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 5LZ | £3,740,000 | 18/08/2022 | Flat | | [Same street] 51 4 GLOUCESTER ROAD, LONDON, KENSINGTON AND CHELSEA, GREATER LONDON, SW7 4QN | £600,000 | 26/11/2021 | Flat | **Street average:** £769,000 (5 sales) **Area average:** £1,721,400 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £2,156,620 (54 Flat, SW7, 2024–2026) - **Deviation:** +15.9% ## Rental Range *ONS Price Index of Private Rents (Kensington and Chelsea). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £3,237/mo - **Realistic:** £3,597/mo - **Optimistic:** £3,957/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for South East Herts (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,366/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 3 Bed Flat, Cromwell Road, SW7 | £1,550/mo | 3 | 0.27 miles | OpenRent | | 3 Bed Flat, Cromwell Road, SW7 | £3,900/mo | 3 | 0.28 miles | OpenRent | **Average rent: £2,725/mo (2 listings)** ## 1% Rule - **Rent ratio:** 0.11% (weak for cashflow) - **Max investor price (0.8%):** £340,625 - **Target investor price (1%):** £272,500 *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 OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £2,725/mo).* - **Gross yield:** 1.3% - **Cost-to-rent:** 76.5× - **Monthly cashflow:** £-7,418/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** -12.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 0.9% - **10y growth:** -44.4% ## House Price Index (HM Land Registry) *Official index for Kensington and Chelsea; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -8.5% - **5y growth (index):** -7.8% - **10y growth (index):** -14.5% ## 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)