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Nick Candy Sells Chelsea Estate for About £270 Million in Record London Home Deal

The private deal highlights how billionaire buyers can upend a weak luxury housing market.

Overview

  • Multiple outlets reported Thursday that the off‑market sale closed for roughly £265–£270 million, which agents describe as London’s priciest single‑family home on record.
  • Sotheby’s International Realty’s private office, led by Marcus O’Brien, brokered the transaction, and the buyer has not been identified, with stamp duty expected to exceed £30 million and rise further for an overseas purchaser.
  • The Grade II‑listed, two‑acre estate inside the Royal Hospital Chelsea includes a 14,000‑square‑foot basement with a 60‑foot pool and a private IMAX screen, plus landscaped grounds with a lake.
  • The property traces back to a 2012 purchase by Christian Candy for about £68–£75 million, a 2014 transfer to Nick Candy, and a 2024 Land Registry filing showing a mortgage with First Abu Dhabi Bank.
  • The record price outstrips the £210 million Rutland Gate sale and lands in a year when LonRes data show fewer high‑value deals, while Candy’s role as Reform UK treasurer and major donor has drawn extra attention to the transaction.