Save this article for later<\/p>\n
Add articles to your saved list and come back to them anytime.<\/p>\n
Got it<\/p>\n
AAA<\/p>\n
Nick Candy has sold his family home in London\u2019s exclusive Chelsea district to an unnamed buyer for more than \u00a3270 million ($517 million), believed to be the biggest single house sale in history.<\/p>\n
The British entrepreneur\u2019s property is located on a two-acre site that once accommodated the residence of Britain\u2019s first prime minister, Robert Walpole. It has been landscaped to emulate a grand country estate.<\/p>\n
![\"Nick](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/c3c50c9083ac6f88c0499f585ca73ee9909c74e6.jpeg\")
Nick Candy and Australian actress Holly Valance, pictured in 2024, announced their divorce last year.Bloomberg<\/p>\n
Social media posts by Candy\u2019s design company show a lake and swimming pool in the grounds, along with original Georgian details inside the property.<\/p>\n
Although the house was never formally marketed, demand for the property was so high that multiple offers were received, according to people familiar with the transaction, who asked not to be named discussing confidential matters.<\/p>\n
Related Article Candy declined to comment. Marcus O\u2019Brien of UK Sotheby\u2019s International Realty, who is understood to have led the transaction, was approached for comment but could not be reached.<\/p>\n The purchase price beats the \u00a3210 million ($402 million) paid in 2020 for a mansion overlooking London\u2019s Hyde Park that\u2019s ultimately owned by the family of Hui Ka Yan, founder of the failed developer China Evergrande Group. The second-biggest ever single luxury house sale in London was in 2024, when a home in Regent\u2019s Park \u2013 a 40-room property previously owned by a member of the Saudi royal family \u2013 sold for \u00a3139 million.<\/p>\n It also tops the near $US240 million sale of a New York penthouse apartment to hedge fund manager Ken Griffin.<\/p>\n Candy\u2019s sale dwarfs recent local deals. The priciest London home sale last year was a \u00a341 million mansion purchased by Charles Lorenceau, founder of private equity firm Ace & Co, while American fashion designer and film director Tom Ford purchased a Chelsea mansion for more than \u00a380 million in 2024.<\/p>\n Over the past year, many of London\u2019s most noteworthy home purchases have taken place in desirable West London enclaves close to Candy\u2019s former home. A flat in new apartment blocks in Chelsea sold for \u00a325 million at the end of last year, albeit at a discount of more than 50 per cent from the asking price earlier in 2025.<\/p>\n Higher property taxes have helped to dampen demand for the capital city\u2019s priciest homes. Last year was only the second since 2011 in which no sales above \u00a350 million were recorded, data from property company LonRes show.<\/p>\n Deals worth \u00a35 million or more were 55 per cent lower in February than the same month last year, with \u201cactivity trending lower for many months,\u201d according to LonRes. There were 10 per cent more homes with this price tag on the market in February than a year ago, with stock levels significantly above the long-term average.<\/p>\n Nick Candy and his brother Christian are best known for developing One Hyde Park, which launched in 2011 and where apartments sell for tens of millions of pounds.<\/p>\n Related Article More recently, Candy has been turning his attention to luxury development projects in the Middle East. His interior design and development management business, Candy London, which designed the recently-sold house, has also undertaken smaller-scale projects in London, New York, Los Angeles and elsewhere.<\/p>\n His other trophy real estate assets include the flagship duplex penthouse at One Hyde Park and The Reserve estate in Holmby Hills, Los Angeles.<\/p>\n Candy, who also serves as honorary treasurer of the Reform UK political party, previously lived at the property with his wife Holly Valance. The couple announced their divorce last year.<\/p>\n Bloomberg<\/p>\n The Business Briefing newsletter delivers major stories, exclusive coverage and expert opinion. Sign up to get it every weekday morning<\/a>.<\/p>\n Save<\/p>\n You have reached your maximum number of saved items.<\/p>\n![\"SpaceX\u2019s](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/95b08c1fe18d188ec4fd28aa3a1f5ee82125119d.jpeg\")
<\/a><\/p>\n![\"There](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/65d4516b7beedb96e9a095c6d5bf01eae61de335.jpeg\")
There were believed to be multiple bidders for the property.<\/p>\n![\"Mark](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/883905bf5bda44a3c677f8d1ce9ede4d14a816f9b0448b3de9f668090838a705.gif\")
<\/a><\/p>\n