High-end agency Beauchamp Estates is claiming to have bagged the capital’s biggest deal during the lockdown period – a mansion which has sold for £15.45m.
The property overlooks St James’s Park and is also thought to have set a new price record for the area at £2,351 per square feet.
The agency says the Russian buyer had a budget of £25m and personally inspectd the property just prior to lockdown, with the deal being completed on May 15.
“This is not an isolated sale above £10 million, and we have been encouraged by the ongoing activity at the top end of the market” explains Jeremy Gee, Beauchamp’s managing director.“London is a global property market, a ‘property island’ distinctive from the rest of the UK. The jewel in the crown is Prime Central London, which has always attractive ultra-wealthy buyers from across the globe and will continue to do so, this ultra-top end of the market was busy at the start of the 2020 after the Boris Election, activity continued during the lockdown, and now the market has been restarted, we forecast a busy few months as pent up demand is released.”