Details of the UK’s most expensive property sale have just been registered by the Land Registry. A penthouse apartment at One Hyde Park, Knightsbridge has sold for £160 million.
The stamp duty bill alone for the property is a whopping £19.1 million, or just shy of £24 million if the property is a second home.
To put this into context, The sale of this one property is over twice the total value of properties sold in Alderley Edge over the last 12 months which was £76,626,166, just 10 areas* across England and Wales had a total value of property sales in June that exceeded the £160 million mark, while 84% had total sales values of less than £80 million, half the sale price. *Local Authority Districts/London Boroughs/Unitary Authorities.
