Most Expensive House in London on Sale for £250 Million
Once owned by the Saudi Royal Family, the Holme is a four-acre mansion located on one of London’s royal parks — Regent’s Park.
The Holme, a four-acre mansion located in London’s Regent’s Park, is set to become the city’s most expensive property and the world if it finds a new owner. As reported by the Financial Times, the property has been listed on the market for an asking price of £250 million. This staggering price edges out strong contenders such as the £210 million 2-8a Rutland Gate property on Knightsbridge and the US$250 million penthouse atop Central Park Tower to claim the title as the most expensive abode on the market.
With 40 bedrooms and an impressive 29,000 square feet of living space, the estate is easily the top choice for those searching for a family home where members can gather during the holidays. Apart from the countless rooms, The Holme boasts eight garages, a tennis court, a library, a sauna and a grand dining room. Also on the property is an ornamental lake, a sweeping lawn and lush greenery.
Located on one of the eight royal parks in London, the Holme is expected to attract bouts of wealthy buyers from the city and overseas. According to Quartz, “The London housing market has been attracting an increased number of international buyers, with foreigners purchasing 48 per cent of real estate considered ‘prime central’ in the city last year.”
This strong sentiment among the world’s wealthiest serves as a strong contrast against the rapidly declining market and rising inflation rates across the world. Despite these unfavourable conditions, the rich are still making big purchases and this demonstrate how the wealthy considers property an essential aspect of diversifying one’s portfolio.
Designed by Decimus Burton, a prominent 19th-century architect, in 1818, the property typifies a Regency-style building. It also has Ionic influences as seen from the slender columns on the patio. The first owner was James Burton and more recently, the ownership could be traced to the Saudi royal family when it changed hands in 1998.
It was reported that the mansion was repossessed after a loan of US$180 million expired. Receivers also seized other assets including a private plane and a property in New York. The sale of the Holme, with its high asking price, would be the quickest way to repay the loan. The massive house is on the market with Beauchamp Estates and Knight Frank.
For more property reads, click here.