Nick Candy's £275m Chelsea mansion sale shatters London's property record
Property developer Nick Candy has sold his Chelsea mansion, Providence House, for over £275 million. The deal marks London's most expensive house sale and ranks among the highest globally. Candy has strongly denied earlier reports suggesting he planned to sell the property.
The buyer's identity remains unknown, and few details about the transaction have been made public. Providence House was originally bought in 2012 by Candy's brother, Christian, for around £75 million. Ownership later transferred to Nick Candy in 2014, with the leasehold held through Providence House LLP.
The mansion boasts luxury features, including a private cinema, an underground swimming pool, an orangery, and a panic room. Despite its high-end amenities, Candy reportedly threatened legal action when the Financial Times approached him about a potential sale earlier this year.
Bloomberg first reported the sale, confirming the record-breaking price. Meanwhile, another of Candy's properties—a duplex penthouse in One Hyde Park—remains on the market with an asking price of £175 million.
Beyond real estate, Candy plays a senior role in Nigel Farage's Reform party. He has organised fundraising dinners for the group, though his political activities appear separate from his property dealings. The £275 million sale sets a new benchmark for London's luxury property market. With no public details on the buyer, the transaction adds to the secrecy often surrounding high-value real estate deals. Candy's other high-end listings, including the One Hyde Park penthouse, suggest his continued involvement in the top tier of the market.
