British property tycoon Nick Candy sells London estate for record-breaking price

British real estate developer Nick Candy has sold his private residence, Providence House, in the Chelsea district of London for a price reported between 270 and 275 million pounds (approximately 309 million euros or 350 million dollars). The sale establishes a new global record for the most expensive private residence ever sold. The property, historically linked to Britain's first Prime Minister Robert Walpole, was never officially listed on the market but attracted multiple private offers. The estate features extensive grounds, a private lake, and a swimming pool. This transaction surpasses previous records, including a 210 million pound London mansion sale in 2020 and a penthouse in New York purchased by Ken Griffin. While some sources describe the plot size as two acres, others mention eight, reflecting inconsistencies in reporting. The sale is particularly notable given the current cooling trend and high tax burden in the London luxury real estate market. The transaction highlights continued global demand for unique trophy assets despite a broader slowdown in high-value property deals.