Trophy homes in the capital are still very much in demand, as the sale of Launceston Place in Kensington proves. The recent transaction shows how the leafy area remains a magnet for high-net-worth buyers. While parts of the property market may fluctuate, Kensington’s cachet is unwavering, with W8, as well as neighbouring Notting Hill and Holland Park, dominating, accounting for almost half (47%) of all super prime property sales over £10m this year, according to Coutts.
UK Sotheby’s International Realty’s sale of trophy home Launceston Place demonstrates just that. The sale of this property was particularly notable not just for the speed at which it sold, but because the buyer was referred to us directly from the Sotheby’s auction house - a powerful testament to the global network Sotheby’s International Realty leverages.
Will Pitt, a Senior Director and Darcy Hunt, a Director of Sales at UK Sotheby’s International Realty, had the privilege of facilitating the sale of a stunning four-storey residence on this highly sought-after street. After months previously on the market with another agent, Sotheby’s International Realty secured a buyer after just one viewing - a testament to Will and Darcy's superb skills at recognising the right buyer for the house.
Will said of the sale, “Even after more than two decades of working in Kensington, Launceston Place remains one of my favourite addresses. With only a handful of sales in the past five years, the buyer clearly recognised the unique value of this opportunity, and I’m delighted that we were able to secure such a quick sale for our client and also at a record price.”
The house is characterised by its period features, which are complemented by modern adaptations. The spacious drawing room, bathed in natural light from large French doors, creates a welcoming atmosphere for both family gatherings and entertaining guests. The incredibly detailed walnut-panelled bar is the perfect spot for quiet evenings or the hosting of lively parties.
Outside, the lovely garden provides a quiet oasis in the heart of the city. Whether you're cooking up a summer alfresco lunch in the barbeque or simply relaxing with a good book, this garden is the perfect spot.
The Kensington Lifestyle
Kensington has been one of London’s most desirable residential areas for centuries. With Kensington Gardens and Hyde Park on the doorstep, the surrounding green spaces are perfect for walks, picnics, or a stroll to Kensington Palace. Iconic cultural institutions like the V&A Museum and the Natural History Museum are within easy reach, together with some of London’s best restaurants. Not only that, but people travel across London for retail therapy on its eponymous high street.
The Speed of Success
The swift sale of this exceptional property highlights the desirability of Launceston Place and the Kensington neighbourhood. Will and Darcy’s expertise in understanding the local market and the property's incredibly sellable qualities played a crucial role in securing the quick sale. This transaction demonstrates the value of working with UK Sotheby’s International Realty and their brokers, who have intimate knowledge of the area, a proven track record of success, and the ability to leverage their extensive network.
