The London prime market may not be the Brexit-bombed wasteland some agents claim it is after Harrods Estate revealed it had completed on a £23.95 million converted semi-detached house in Knightsbridge.
This is the most expensive central super prime London house sold this year in the capital, it is claimed, although more expensive central London new-build homes and Hampstead mansions have completed this year.
Harrods Estate claims the sale, which completed a few days ago, is proof that demand for London’s super-prime period properties among the world’s billionaires.
The property involved is a Dutch-style six-storey 1890s red-brick house recently split into three luxury apartments at 32 Hans Road in Knightsbridge.
The thoroughfare is one of the area’s most sought-after because it’s near the Cromwell Road, Brompton Road, Hyde Park and a large garden square. Harrods Estates says the sales has delivered a £4,000 per square foot price for its Singaporean developer client, another record for the area.
“New refurbished properties of this quality in such a prestigious location offering exceptional interior design and specification rarely come onto the market, and when they do, we see record prices,” says Simon Barry of Harrods Estates.
“It is understandable why the streets immediately surrounding Harrods are so sought-after. Proximity to Harrods offers a world-class luxury lifestyle and the highest standard of amenities on the doorstep.
“The sale to a European investor shows that overseas buyers have confidence in the long term future of Prime Central London and are prepared to pay premium prices for the best quality properties in the best locations.”