belfasttelegraph

Monday 20 May 2013

Could this house sell for record £100m?

The luxury house in Belgravia
The luxury house in Belgravia

A luxury terrace house has gone on sale for a potentially record-breaking £100m.

The six-storey property in Belgravia, in central London, has 20ft ceilings, lavish fixtures and more than 21,000 square feet of living space.

Knight Frank estate agents, who are selling the house on behalf of a Lebanese developer, declined to reveal details of the property, or even how many bedrooms it has.

“All viewers will have to sign a confidentiality agreement before seeing the property,” said Stuart Bailey, partner of Knight Frank’s Belgravia office.

“The buyer will be expecting the best of the best, something that is not achievable in other properties in London.”

The current record London house price is £80m, which was paid for a house in Kensington, but the vendors of Belgrave Square said they hoped to top this with its market price of £4,762 per square foot.

However, managing director of Black Brick Property Solutions, Camilla Dell, said it was unlikely that a house would sell at such a high price.

She said: “I do not know of anyone in this market to spend this much money on a house.

“We have seen a number of record sales being achieved but these properties normally come with large plots of land.”

Latest News

Latest Sport

Latest Showbiz