London home set to smash property price record by going on sale for a staggering £250m

The house, which is on Carlton House Terrace, enjoys views of St James's Park and is 30 times bigger than a typical London family house

A London home is set to smash the record for the most expensive property in Britain by going on sale for a staggering £250 million.

The Grade I listed Regency property in central London would cost potential buyers 700 times more than the £370,000 average property value in the capital.

The house, which is on Carlton House Terrace, enjoys views of St James's Park and is 30 times bigger than a typical London family house.

According to the Evening Standard the property, which is described as the biggest private home in central London, is currently owned by an elderly member of a Middle Eastern royal family.

The owner has reportedly spent millions restoring the six-storey town house to their former glory.

A source told the Standard: “The building is very much as it was in its heyday. It would be for a new owner to put in the modern toys such as a swimming pool.”

The 'strictly confidential' brochure only shows black and white interior pictures taken in the 1890s because “for security reasons the current owner does not want many of the features photographed”, the newspaper says.

The previous record for a London sale is £136 million paid for a property at One Hyde Park in Knightsbridge.

According to reports the house has four storeys above ground and two below that could be converted into a spa, cinema or swimming pool.

Start your day with The Independent, sign up for daily news emails
Have you tried new the Independent Digital Edition apps?
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Systems Compliance Manager

£43555 per annum: Recruitment Genius: This company is going through a period o...

King's College, Cambridge: Stipendiary Junior Research Fellowships October 2016

£20,100 (pre-award of doctorate) rising each year to a maximum of £25,869: Kin...

Recruitment Genius: Web Developer - Back End

£18000 - £24000 per annum: Recruitment Genius: A fantastic opportunity has bec...

Recruitment Genius: Online Lettings Negotiator

£18000 per annum: Recruitment Genius: This is a fantastic opportunity to join ...

Day In a Page

Mullah Omar, creator of the Taliban, is dead... for the fourth time

Mullah Omar, creator of the Taliban, is dead... again

I was once told that intelligence services declare their enemies dead to provoke them into popping up their heads and revealing their location, says Robert Fisk
Margaret Attwood on climate change: 'Time is running out for our fragile, Goldilocks planet'

Margaret Attwood on climate change

The author looks back on what she wrote about oil in 2009, and reflects on how the conversation has changed in a mere six years
New Dr Seuss manuscript discovered: What Pet Should I Get? goes on sale this week

New Dr Seuss manuscript discovered

What Pet Should I Get? goes on sale this week
Oculus Rift and the lonely cartoon hedgehog who could become the first ever virtual reality movie star

The cartoon hedgehog leading the way into a whole new reality

Virtual reality is the 'next chapter' of entertainment. Tim Walker gives it a try
Ants have unique ability to switch between individual and collective action, says study

Secrets of ants' teamwork revealed

The insects have an almost unique ability to switch between individual and collective action
Donovan interview: The singer is releasing a greatest hits album to mark his 50th year in folk

Donovan marks his 50th year in folk

The singer tells Nick Duerden about receiving death threats, why the world is 'mentally ill', and how he can write a song about anything, from ecology to crumpets
Let's Race simulator: Ultra-realistic technology recreates thrill of the Formula One circuit

Simulator recreates thrill of F1 circuit

Rory Buckeridge gets behind the wheel and explains how it works
Twitter accused of 'Facebookisation' over plans to overhaul reverse-chronological timeline

Twitter accused of 'Facebookisation'

Facebook exasperates its users by deciding which posts they can and can’t see. So why has Twitter announced plans to do the same?
Jane Birkin asks Hermès to rename bag - but what else could the fashion house call it?

Jane Birkin asks Hermès to rename bag

The star was shocked by a Peta investigation into the exotic skins trade
10 best waterproof mascaras

Whatever the weather: 10 best waterproof mascaras

We found lash-enhancing beauties that won’t budge no matter what you throw at them
Diego Costa biography: Chelsea striker's route to the top - from those who shared his journey

Diego Costa: I go to war. You come with me...

Chelsea's rampaging striker had to fight his way from a poor city in Brazil to life at the top of the Premier League. A new book speaks to those who shared his journey
Ashes 2015: England show the mettle to strike back hard in third Test

England show the mettle to strike back hard in third Test

The biggest problem facing them in Birmingham was the recovery of the zeitgeist that drained so quickly under the weight of Australian runs at Lord's, says Kevin Garside
Women's Open 2015: Charley Hull - 'I know I'm a good golfer but I'm also just a person'

Charley Hull: 'I know I'm a good golfer but I'm also just a person'

British teen keeps her feet on ground ahead of Women's Open
Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkey's conflict with Kurdish guerrillas in Iraq can benefit Isis in Syria

Turkish President Erdogan could benefit politically from the targeting of the PKK, says Patrick Cockburn
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn or a return to a Labour government

Our choice is years of Tory rule under Corbyn or a return to a Labour government

Yvette Cooper urged Labour members to 'get serious' about the next general election rather than become 'a protest movement'