Article: THE PROPERTY EQUATION WHAT WILL pounds 2M BUY? A three-bedroom flat in Chelsea is yours for pounds 2m, but what else could you buy for the money? In the first of a new series, ROSALIND RUSSELL does the sums

TO DESCRIBE Seven Royal Avenue in Chelsea, London SW3, as a three- bedroom flat might seem churlish. The attention to detail by the architect, Andrea Chiari, has made it a stylish home in one of the capital's most desirable spots, yards from the mwaa-mwaa delights of Sloane Square.

The raised ground and first-floor lateral conversion has garaging for two cars, a resident porter, a hand-painted kitchen with top-of- the-range appliances, a watering system on two balconies for an array of pot plants and flowers and an ultra-smart elliptical staircase made of reconstituted stone. And in the en-suite bathroom to the master bedroom you can soak in the luxury of an early 19th-century baignoire.

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