Flop or Fly?: Knightsbridge Flat Story

Flop or Fly?

London estate agents launch three properties priced over £25 million each on General Election day Pundits may be referencing worrying times ahead in Britain’s post-Brexit economy, but London’s top tier estate agents have come out all guns blazing on General Election day and launched a series of jaw droppingly priced properties. In Knightsbridge’s […]

By The Steeple Times◆8 June 2017◆2 minute read

London estate agents launch three properties priced over £25 million each on General Election day

Pundits may be referencing worrying times ahead in Britain’s post-Brexit economy, but London’s top tier estate agents have come out all guns blazing on General Election day and launched a series of jaw droppingly priced properties.

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Two stories to keep beside you

Ruskin's fixer-upper - 6 Charles Street, Mayfair, London, W1J 5DG - £1.25 million - Wetherell

From the same Steeple territory

A £17 million fixer-upper

A £17 million Kensington house that is being marketed as one that “may now benefit from a refurbishment” provides a reflection of how ludicrous London’s property market now truly is

From the same Steeple territory

Plaques & Palladiums

Estate agent fails to mention the “historical significance” of an Eaton Square property that was home to a paeodphile for 40 years Those in the property business like to wax lyrical about the merits of particular locations but none in their right mind would willingly mention, for example, that 79 Gloucester Road in London’s […]

In Knightsbridge’s Lennox Gardens, SW1X – where a similar, though situated on the much more sought after first-floor, apartment was promoted for what then seemed an ambitious £27.5 million ($35.6 million, €31.7 million or درهم130.9 million) in 2015 – Savills showcased a 6,392 square foot second floor flat with a basement annex priced at an even more punchy price of £35 million ($45.4 million, €40.3 million or درهم166.6 million). Aside from 2 vast reception rooms, 5 bedrooms and 5 bathrooms, it comes with not only a fingerprint recognition security system but also 2 gymnasiums, a sauna, a steam room, a treatment room, a wine cellar and even a juice bar.

Elsewhere, this morning, on the UK’s top property portal, OnTheMarket.com, agents Knight Frank listed an apartment in Eaton Square, SW1W for £25 million ($32.4 million, €28.8 million or درهم119 million) whilst Aylesford announced the sale of a house in The Boltons, SW10 for £57.5 million ($74.5 million, €66.2 million or درهم273.8 million). Whether we get Corbyn or May, one is left with just one question: Will these super-prime properities flop or will they fly?