Nick Candy sells Chelsea mansion for more than £275mn
Deal for Providence House in central London marks capital’s most expensive house sale
Property developer and Reform UK party treasurer Nick Candy has sold his Chelsea mansion for more than £275mn, according to people familiar with the matter.
The deal for Providence House marks London’s most expensive house sale and ranks among the most expensive in the world. The identity of the buyer is not publicly known, the people said.
When approached by the FT multiple times in recent weeks, Candy denied he was planning to sell the home and threatened legal action. He couldn’t immediately be reached for comment on Thursday.
UK Sotheby’s International Realty was involved with the transaction, according to people familiar with the matter. It declined to comment.
Located in the grounds of the Royal Hospital Chelsea, the Grade II-listed property had “never been marketed for sale”, said one agent, meaning prospective buyers had approached Candy.
“Any big buyer in the market over the past few years has knocked on his door and a range of figures has been quoted,” the agent said.
The home, whose sale was earlier reported by Bloomberg, was purchased by Nick’s brother Christian Candy in 2012 for about £75mn, when it was called Gordon House. He transferred the ownership to Nick two years later, according to court filings.
Visitors to the house have said it has a private cinema with a “Candy bar” pick ’n’ mix, an underground swimming pool and orangery, as well as a panic room.
There have been a handful of sales at the top end of London’s market in recent years, including the Holme in Regent’s Park, which sold for £139mn in 2024, and the 45-room mansion at 2-8a Rutland Gate, which sold for more than £200mn in 2020. The latter was the city’s priciest residential sale of all time, according to LonRes, which tracks the UK capital’s prime housing market.
More may be in the offing. Shipping magnate John Fredriksen’s Chelsea mansion has been on the market since last summer with a price of about £275mn being discussed, according to people familiar with the matter.
The Candy brothers were principal figures behind luxury Knightsbridge apartment block One Hyde Park, which has been a magnet for oligarchs, pop stars and other super-rich buyers.
A former donor to the Conservatives, Nick Candy last year took up a senior post in Nigel Farage’s Reform party, promising to transform its finances and woo significant donors.
He has spearheaded fundraising dinners that have attracted former Conservative donors, and was present at a December meeting at US President Donald Trump’s Mar-a-Lago resort in Florida between Farage and entrepreneur Elon Musk.
It was reported last year that Candy and his wife Holly Valance were getting divorced.
The leasehold to Providence House is owned by Providence House LLP, which is owned by Nick Candy, according to Land Registry and Companies House records. A mortgage owed to First Abu Dhabi Bank had been taken out against the property, the documents show.
Another property owned by Candy is on the market with an asking price of £175mn. The five-bedroom, eight-bathroom duplex penthouse in One Hyde Park features “uninterrupted views over Hyde Park”, wraparound terraces and Jacuzzi-style jet pools, according to its listing.
The apartment has an outstanding mortgage owed to the Bank of Singapore, according to filings. The accounts for another company tied to Nick Candy suggest the mortgage originally stood at more than £80mn.