nick candyBillionaire developer and treasurer reform ukhas broken records by selling its Chelsea mansion for £270 million – the highest price ever achieved for a house in London.
Kandy, who was gifted the property in 2014, previously lived there with his wife, Holi Valance. The couple separated last year after 13 years of marriage, a personal turning point that has now coincided with a landmark deal in the capital’s luxury property market.
Located within the grounds of the large 19th-century estate known as Gordon House Royal Hospital Chelsea on land once owned robert walpole. Set in two acres, the Grade II-listed mansion blends historical grandeur with modern elegance, featuring a private lake, underground swimming pool and carefully preserved Georgian interiors.
Despite never being publicly listed, the trophy home attracted keen interest from ultra-wealthy buyers before being acquired by an unnamed buyer for around £270m, according to Bloomberg, which first reported the sale.
Candy renamed the historic site Providence House after his brother Christian Candy gave him the house as a gift in 2014.
The sale appears to have been a notable profit for the Candy brothers, with Christian having originally acquired the property at auction for £75 million.
The deal marks a major windfall for the Candy brothers – and an extraordinary moment in an otherwise weak prime London market hit by tax rises and a crackdown on non-dom status.
It also easily beats the previous £210m record set by the family in 2020 Hui’s vehicle.
Kandy is known for co-evolution a hyde parkhas increasingly turned its attention to politics, supporting Nigel Farage With donations over £1m.
sales conducted Sotheby’s International RealtyWho declined to comment. Fees have not been disclosed, but typical commissions of 1-3% suggest the agency could have earned between £3.2m and £9.7m including VAT.