A One Bedroom Flat in Hyde Park for £5.25 million!
Estate Agents, Strutt & Parker, are offering a one-bedroom flat in the exclusive One Hyde Park development in London. The £5.25 million, one-bedroom apartment has been repossessed by an Irish Bank.
A New York Times article in 2013 revealed that very few of the apartments in this block are actually occupied. In fact, according to research, 37% of those buying such expensive homes in central London did not intend to use them as their primary residence.
Most of the super-wealthy buyers are overseas investors who purchase through anonymous offshore entities.
One Hyde Park is in a coveted location in the heart of Knightsbridge with views overlooking Hyde Park.
Amenities at the development include a large ozone swimming pool, saunas, steam rooms, an exercise studio, squash court, gym, golf simulator, wine cellars, business suites, a private cinema screening room, private entertainment suite, library, secure underground parking and valet service.
This “entry level”, one-bedroom apartment is 988 sq. ft. whereas penthouses in the block go up to 27,000 sq. ft!
If you’re looking for a first rate central London apartment that represents great value we think you can do a lot better. A good purchase does require thorough research of the market which takes a lot of time and effort. That’s why it’s a really good idea to use Saunders 1865’s Home Buyer Assistance program. We have a similar (Home Finding) program for clients looking for an exceptional rental home.
For a free initial consultation about your specific situation, contact us by any of the following ways:
UK +44 20 7590 2700