A historic mansion in Belgravia, originally constructed between 1827 and 1828 as the London residence of the Earls of Bessborough, has been sold for £38 million (approximately AUD $72.6
million), making it the first super-prime residential sale in London for 2025.
Situated on the prestigious Wilton Crescent, the Grade II-listed mansion was previously owned by financier Glenn Maud before being acquired and extensively refurbished by Fairway Capital in 2021.
The property spans 9,049 square feet (840 square meters) and includes a two-storey mews house on Kinnerton Street. It was sold to a UK buyer following interest from four other prospective buyers, most of whom were international.
Designed by renowned architects Thomas Cubitt and Thomas Cundy II, the mansion has been thoroughly modernised while preserving its historic charm. The refurbishment merges classical architectural details with luxurious modern amenities.
Key features of the property include five VIP bedroom suites, three grand reception rooms, and a newly added basement level featuring a private health spa. The spa boasts a nine-meter swimming pool, a steam room, and treatment facilities.
Restoration highlights
The restoration involved bespoke joinery, Brazilian marble kitchens, Louis XVI-style fireplaces, and Italian marble bathrooms. Additionally, the crescent’s landscaped gardens, originally designed by James Wyatt, enhance the property’s grandeur.
“We are delighted to announce the sale of this turnkey mansion on Wilton Crescent, which we believe is the first super-prime residential transaction in London for 2025,” said George Brooksbank, CEO of Fairway Capital.
Market insights
This sale follows Fairway Capital’s success in securing £120 million (AUD $229 million) in resales during late 2024, with buyers hailing from the UK, the Middle East, and Asia.
The transaction reflects renewed confidence in London’s prime property market, buoyed by the recent UK general election and Autumn Budget.
“Buyer confidence has returned, and we anticipate a vibrant and successful 2025,” added Brooksbank. “Most of the buyers in this market are in their early 30s to early 50s, indicating a strong appeal to younger affluent demographics.” Photo by Stephen Richards, Wikimedia commons.