First post-Budget super-prime sale completes at £10.95m

London has recorded its first super-prime residential sale following the Autumn Budget, after a Grade I listed Nash house on Regent’s Park exchanged for £10.95 million within hours of the Chancellor’s speech.

The transaction is being viewed as an early indicator that the Budget’s “soft-landing” for the property sector – with tax changes far lighter than expected – has eased uncertainty at the top end of the market.

The 4,185 sq ft five-bedroom house on Chester Terrace was sold by Beauchamp Estates to a UK buyer moving from the Home Counties into central London.

The agency said the deal had been agreed in principle two weeks before the Budget but was put on hold at the buyer’s request until the fiscal outlook became clear.

BIGGER TAX PACKAGE

Industry analysts had warned that a heavier tax package could have stalled high-value deals.

Instead, the Chancellor’s decision not to introduce more punitive property measures appears to have reassured domestic buyers weighing major transactions in prime central London.

After the Budget statement, lawyers on both sides accelerated paperwork, with contracts exchanged by close of business the following day.

Beauchamp Estates believes it is the first confirmed super-prime sale to complete after the Chancellor delivered his Autumn statement.

The buyer’s move is part of what agents describe as a growing trend of domestic purchasers returning from the Home Counties to prime central London, encouraged by relative value and greater choice at the upper end of the market.

KEY-TURN CONDITION

Rosy Khalastchy, Beauchamp Estates Director and Head of St John’s Wood Office, says: “We are delighted to have sold this magnificent house in Regent’s Park to a UK buyer.

“The house retains all its fine period features, alongside beautiful interiors, and is presented in immaculate turn-key condition, complete with a private roof terrace with spectacular views over Regent’s Park.”

The property, designed by John Nash and built by James Burton in 1825, includes two principal reception rooms, a cinema room, passenger lift and a rooftop garden.

It has been home to several notable occupants, including Edwardian MP A. G. McKenzie, who used it as a base for political discussions during the 1912–13 Home Rule crisis.

DELIVERING RESULTS

Jeremy Gee, Managing Director of Beauchamp Estates, says: “The ‘soft-landing’ for the London property market following the Autumn 2025 Budget announcement triggered this £10.95 million deal, the first super-prime sale in Central London following the Chancellor’s speech on Budget Day.

“The sale of beautifully presented Nash house in Regent’s Park by Beauchamp Estates underscores the key trend in Prime Central London’s super-prime market that high quality, turnkey homes continue to attract international buyers.

BEST-IN-CLASS ASSETS

“Despite a recalibration in the Prime Central London property market, Beauchamp Estates has continued to deliver results at the very top end of the market with over £150 million of deals in the past few months.

“The Beauchamp Estates Prime Central London market survey data shows that while transaction volumes have decreased, average spend per deal has increased, proof that discerning buyers are focusing on best-in-class assets.

“This high profile sale reflects the enduring appeal of London’s most prestigious addresses.”