Possibly The UK’s Most Expensive House Ever Sold
It has recently been revealed that a London home, with views of St James Park, has been put on the market for a record breaking £250million; the Grade I listed property in Carlton House Terrace is set to smash UK records, becoming the most expensive house ever sold, if it achieves its asking price.
The property has the same amount of living space as a football pitch and retains many of its original Regency features. The current owner is reported to be a Middle Eastern royal family member, who has been secretly trying to sell the property in Central London and has forbidden any up-to-date photographs to be published in the marketing material. It is predicted that the property on Carlton House Terrace will be sold to another foreign national and the sale could earn the UK government up to £17.5million in stamp duty if it achieves its asking price of more than 1,537 times the average house price.
The property is just the latest in a string of super-high value properties for sale in the Capital; last autumn a large house on Rutland Gate was marketed for £300milliion until the price was slashed after failing to sell. Around the same time a property on Cornwall Terrace, opposite Regents Park, was marketed for £100million. The current record for a property sold in London is £136million, for an apartment in Knightsbridge.
It appears that despite the recession the rest of the county is facing, Central London is protected from the worst of it in its own little property bubble and if you are looking to sell your house in London, now could be the best time. Savills estate agency has reported that 2012 was a record year for selling expensive properties, with more than 400 high-value properties, above the £5million threshold, being sold. It seems that now really is the time to sell your mansion in London, as the high-value property remains impervious to the recession facing the rest of the property market.