United Kingdom Sotheby’s International Realty just announced the closure of Marylebone’s highest-value house sale this year. The West End trophy home was listed at £22.5 million and was handled by Sarah Peck and Zach Madison in collaboration with Lanesborough Advisory, a Mayfair-based boutique advisory service.
The buyers exchanged contracts over the rare, mixed-use property just before the announcement of the Budget, a time when most buyers were adopting a wait-and-see approach.
About the sale, Sales Director of UK SIR Zach Madison commented, “The record-high sale, which took place right before the Budget, goes to show the remarkable resilience of London’s prime real estate market. In spite of the economic uncertainty, the buyer clearly recognised the value of this truly rare property, and I'm happy that we were able to secure the deal speedily and at a record price.”
“It is incredible that the buyers were quick to secure such a prime property, in spite of an impending Budget and potential tax hikes. Given that this is a pricing record, it is great news for Prime Central London’s property market,” shared Sarah Peck, Sales Director of UK SIR.
This townhouse unfolds over an impressive 9,666 square feet and is laid out across six floors. Newly renovated to the highest standards, the townhouse is characterised by a lovely blend of traditional charm and modern luxury. Period elements such as the magnificent feature staircase and soaring arched windows are complemented by top-of-the-line fixtures, splendid wooden flooring, and spectacular skyline views.
Besides its staggering proportions and grand features, the townhouse has impeccable attention to detail – this especially shines through in its intricacies, such as the ornately sculpted hallway, Japanese-inspired bathroom finishes, and the beautiful joinery.
A key feature of this townhouse is that the lower ground floor is well-appointed with a gallery, office spaces, and meeting rooms. This was a major highlight that spurred the buyers to purchase this property, which they intend to use as a family office.
Lined with majestic Georgian mansions and listed townhouses built by Richard Edwin, the street is steeped in history. A truly illustrious postcode, the cul de sac has historically been the residence of diplomats, politicians, and royalty. Politician Sir Edward Colebrook, Winston Churchill’s wife, Clementine Churchill, and several of the Tzar of Russia have lived here.
Today, these heritage buildings are occupied by notable offices, including the High Commissions of Botswana and Tanzania. Additionally, the fine restaurants and designer boutiques of Marylebone and Bond Street are within close proximity.The iconic Oriental Club, which is one of London’s most impenetrable members-only clubs, is located a few hundred metres away. The transport links are exemplary, with Bond Street and Oxford Street stations a short walk away.
As London’s market adapts to new tax regulations, this sale demonstrates the great endurance of the capital’s luxury real estate niche and the tremendous appeal of its exceptional homes.
Noteworthy is that this townhouse is not the only record-breaking sale UK Sotheby’s International Realty achieved at the heels of the impending Budget – a mere two hours after the announcement of the Budget, contracts were exchanged on a beautiful townhouse priced at £33 million, which is Belgravia’s highest-value sale of the year at the time of publication.
These sales reaffirm London's status as a sought-after global destination, with its affluent economy, immense entrepreneurial promise, and vibrant culture. Further, it demonstrates UK Sotheby’s International Realty’s prominence in London’s prime property sector and its admirable capacity for navigating complex market situations.
