On 29 September 1937, the Central London Property Trust Ltd granted a lease of the whole block of flats to Nell Gwynn House (Chelsea) Ltd for ninety-nine years at a rent of £7,000 a year, and on the same day the company borrowed £225,000 from Land Charges Ltd, mortgaging its lease. In 1946, under the new Labour government's
Rent Control Act, the Chelsea, Holborn, and Westminster Rent Tribunal was asked by tenants to assess the fair rent of two flats in Nell Gwynn House. The landlord had wanted to increase the rent to £5 5s a week, but the Tribunal imposed rents of £4-1s-6d and £4-2s-6d in the two cases. The landlord was Nell Gwynn Furnished Flats Ltd., which then controlled seventy-nine unfurnished flats in the building, out of a total of 437 self-contained flats. In a taxation case in the
High Court in 1966,
Mr Justice Megarry concluded: “I am certainly unable to say that, as a matter of law, the Special Commissioners were wrong in being unable in these circumstances to find in Nell Gwynn House sufficient of the qualities of an investment to enable them to say that it was indeed an investment.” In 2010, NGH Freehold Ltd, a management company representing about three-quarters of the lessees, bought the freehold (see
collective enfranchisement) which lowered the cost for the lessees of licences to make any major alterations or other works. At the time of the sale to NGH Freehold Ltd, this was the largest UK collective enfranchisement. In 2020, a fifth-floor one-bedroom flat was for sale with a 999-year lease expiring in 3009. With a size of 316 square feet, it had an annual service charge of £3854 and
council tax of £1237. The front door entered a living room (with a small kitchen in one corner) fifteen by thirteen and a half feet. Opening off that was a bedroom ten feet by eight and a half, and a small bathroom. The asking price was £590,000. ==Statue and alcove==