GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive House In London

The most expensive house in London is valued at over £200 million, with an average price per square foot of around £5,130.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore the staggering statistics surrounding the most expensive house in London, located at 2-8a Rutland Gate and valued at approximately 300 million pounds. From its 45 bedrooms overlooking Hyde Park to its seven-story structure left vacant for over five years, this mansion stands as a symbol of luxury and opulence in the UK’s property market. Join us as we delve into the fascinating details of this prestigious property and the broader real estate landscape in London.

Statistic 1

"The most expensive house in London is 2-8a Rutland Gate, valued at approximately 300 million pounds."

Statistic 2

"The house is 45-bedrooms and overlooks London's Hyde Park."

Statistic 3

"The mansion is a seven-story building that has been empty for over five years."

Statistic 4

"This house will become the most expensive property ever sold in the UK if it goes for its full asking price."

Statistic 5

"Previously, the most expensive house ever sold in London was at 18 Carlton House Terrace, fetching £95 million in 2014."

Statistic 6

"The second most expensive house in London is 25 Kensington Palace Gardens, valued at £100 million."

Statistic 7

"The mansion spans 60,000 square feet, which is bigger than the White House."

Statistic 8

"Over 25% of properties in London are valued at more than £1 million."

Statistic 9

"67% of homes in Westminster, the district where the house is located, are flats."

Statistic 10

"Around 98% of all super prime sales in London are for properties situated on just 10 streets."

Statistic 11

"One in six properties in London sells for more than £1 million."

Statistic 12

"London's five most expensive boroughs make up about 67% of its total property wealth."

Statistic 13

"The Rutland Gate property was previously owned by Rafic Hariri, the former Prime Minister of Lebanon."

Statistic 14

"The house was taken over by Sultan bin Abdulaziz after Hariri's assassination in 2005."

Statistic 15

"The mansion was put up for sale in 2012 with an asking price of £300 million."

Statistic 16

"The house sits in the borough of Kensington and Chelsea, which tops the list for highest median house price at £1.3 million."

Statistic 17

"It’s estimated that around 2% of the houses in Kensington and Chelsea go for over £10 million."

Statistic 18

"The mega-mansion has 20 times the floor space of an average London home."

Statistic 19

"In 2020, the average price of properties in Knightsbridge was around £3.3 million."

In conclusion, the property at 2-8a Rutland Gate in London stands out as the most expensive house in the city, showcasing luxurious features such as 45 bedrooms and a prime location overlooking Hyde Park. Despite its record-setting valuation and expansive size, the mansion has remained vacant for over five years, awaiting a potential buyer willing to meet its full asking price of £300 million. This estate’s significance is underscored by its potential to surpass previous records for property sales in the UK, exemplifying the concentrated wealth and exclusivity found within London’s real estate market.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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