The London property market is beyond expensive. The average property price is now more than half a million, whereas for that you could easily buy a ten-bed mansion with indoor swimming pool in Newcastle. Rental prices are also similarly high – the average monthly rent in London is currently £1,412, compared to £694 outside of the capital. But all this is just a drop in the ocean when you hear just how much a penthouse apartment in central London is being marketed for sale at…
An Exclusive London Address
A luxury flat at One Hyde Park, the most exclusive address in London has gone up for sale at a cool £10 million. With this sort of price tag, only Saudi princes or mega celebrities will be able to afford it, but if you are the type of landlord who markets his properties at posh tenants, this could be a good investment.
So what do you get for your cash?
The Height of Luxury
The apartment only has one bedroom, but what it lacks in beds, it certainly makes up for in luxury. Notable features include:
• In-house maid service and concierge
• Room service from the adjacent Mandarin Hotel
• A same day laundry and dry cleaning service
• Temperature controlled wine store
• Use of an on-site swimming pool
• SAS trained security guards
• The Queen lives just up the road
If the apartment sounds right up your street, don’t forget to budget for the £2k annual ground rent, £32k annual service charge, and a hefty £1.1 million stamp duty bill.
