London's priciest home sells for £275m in record-breaking deal
London has recorded its most expensive house sale after property developer Nick Candy sold Providence House for over £275 million. The Chelsea mansion, previously bought by his brother Christian in 2012 for around £75 million, has set a new benchmark in the capital's luxury property market.
The buyer's identity remains undisclosed, but the deal ranks among the world's priciest residential transactions. Providence House was originally acquired by Christian Candy, Nick's brother, in 2012 for approximately £75 million. The property boasts lavish features, including a private cinema, an underground swimming pool, an orangery, and a panic room. Ownership of the leasehold rests with Providence House LLP, a company controlled by Nick Candy.
When the Financial Times approached Candy about potential sale plans, he denied any intention to sell and threatened legal action. Despite this, the mansion has now changed hands for more than triple its 2012 purchase price. A mortgage linked to the property is held by First Abu Dhabi Bank.
Meanwhile, Candy's own duplex penthouse in One Hyde Park remains on the market, with an asking price of £175 million. Beyond property, he serves as treasurer for Reform UK and has been active in the party's fundraising efforts. The sale of Providence House surpasses all previous London residential transactions. With the buyer's name still unknown, the deal cements the property's status as one of the most valuable homes ever sold. The record-breaking price reflects the continued demand for ultra-luxury real estate in the capital.
