“Prime London has long been the pinnacle of property wealth and the most recent sales records underline its enduring dominance, even in a more complex market environment”
– Islay Robinson – Enness Global
Despite a generally steady UK property market, high-end homes continue to sell for eye-watering sums.
Enness Global analysed thousands of Land Registry price records for transactions completed this year, revealing not only the top five sales nationwide but also the most expensive property sold in each region of England and Wales.
The top five most expensive London sales
5th: A semi-detached home at 14 Lansdowne Crescent, W11, sold for £24 million.
4th: A detached property at 36 Avenue Road, NW8, Camden, achieved £25.88 million.
3rd: 77 Addison Road, W14, Kensington and Chelsea, changed hands for £28.5 million.
2nd: 42 Queens Grove, NW8, Camden, sold for £32 million.
1st: 12 Holland Park, W11, Kensington and Chelsea, the most expensive so far, sold for £41 million. A purchase at this level would require a £6.15 million mortgage deposit at 15%, a stamp duty bill of £4.83 million, and monthly mortgage repayments of almost £189,000.
Most expensive homes sold by region
Outside London, high-value sales were recorded across the country. In the South East, a detached home on Church Lane Farm in Hampshire sold for £9.6 million, requiring a £1.44 million mortgage deposit, £1.07 million in stamp duty, and monthly repayments of £44,210.
The South West saw a detached property on Old Rectory in Gloucestershire sell for £9.2 million, with a £1.38 million deposit, £1.02 million in stamp duty, and monthly repayments of £42,364.
In the East of England, a detached home on Loom Lane in Hertfordshire sold for £7.45 million, with a deposit of £1.12 million, stamp duty of £807,750, and monthly repayments of £34,306.
In the East Midlands, The Old Vicarage in Derbyshire changed hands for £3.78 million, involving a £566,250 deposit, £366,750 in stamp duty, and monthly repayments of £17,383.
The North West saw a detached home on Stanhope Road, Greater Manchester, sell for £3.3 million, with a £495,000 deposit, £309,750 in stamp duty, and monthly repayments of £15,196.
A property of the same sale price was recorded in the West Midlands, with a detached home on Lovelace Hill, Widney Manor Road, Solihull, requiring the same deposit, stamp duty and monthly repayments.
In Yorkshire and the Humber, a detached home on Layton Road, Leeds, sold for £3.25 million, with a £487,500 deposit, £303,750 in stamp duty, and monthly repayments of £14,966.
And in the North East, a detached property on Rowantree Grange, Northumberland, sold for £1.78 million, requiring a £267,000 deposit, £127,350 in stamp duty, and monthly repayments of £8,196.
Islay Robinson, CEO of Enness Global, said: “Prime London has long been the pinnacle of property wealth and the most recent sales records underline its enduring dominance, even in a more complex market environment.”
“What’s equally notable, however, is that every region continues to produce high-value transactions. These homes, often heritage estates or landmark addresses, show the breadth of demand at the very top of the market, whether it is in central London or rural Hampshire.”
“While the numbers involved may seem eye-watering, they reflect both the scarcity and the global appeal of trophy properties across England and Wales and the sums that high-net-worths are willing to pay to secure one.”