Crown Estate sells Kensington Palace Gardens mega-mansion

UPDATE: Reports have claimed the mystery buyer is Dalian Wanda boss Wang Jianlin, China’s richest man.

The Evening Standard has heard the £20 billion dollar man snapped up the long leasehold for £80m via buying agent Guiliana La Pera (although nothing has been confirmed by either party) and that he’s now planning to wax a whopping £50m on a top-to-toe refurbishment….

Kensington Palace Gardens (image courtesy of Primelocation)

The Crown Estate has apparently offloaded 15a Kensington Palace Gardens on a 125-year lease.

The sale of the 10-bed 20,000 square foot mega-mansion – which was officially approved in January’s annual report – is one of only a handful of deals to go down along here in decades.

Neighbours include the Russian, Norwegian and Israeli embassies, Foxtons founder Jon Hunt, Lakshmi Mittal and at least one Ecclestone.

Built back in the mid 1850s for the handsome sum of £7k by a Peter Carthew of Kensington to a design by the architect David Brandon, 15a passed through a few hands before becoming the home of the Nigerian High Commissioner in the 1970s.

Originally set across three storeys over a basement, the white brick and stucco affair has had some attic rooms tacked on and the main drawing room is described as “much altered”, although some striking painted medallions of classical allegories are said to remain. A stonking leisure complex now takes up the lower level.

Far and away the capital’s most expensive street, Kensington Palace Gardens has an average value of £42,591,972 and is manned 24/7 by armed patrols.

Entrance to Kensington Palace Gardens by Oxfordian Kissuth