{"id":9858,"date":"2026-04-03T17:02:31","date_gmt":"2026-04-03T17:02:31","guid":{"rendered":"https:\/\/second-home.uk\/?p=9858"},"modified":"2026-04-03T17:02:31","modified_gmt":"2026-04-03T17:02:31","slug":"chelsea-mansion-sells-for-reported-275m-in-record-deal","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=9858","title":{"rendered":"Chelsea mansion sells for reported \u00a3275m in record deal"},"content":{"rendered":"

Property developer Nick Candy has sold his Chelsea mansion for a reported \u00a3275 million, in what is believed to be the most expensive residential property transaction on record in London and one of the largest globally.<\/p>\n

The sale of Providence House was first reported by Bloomberg. Candy, who serves as honorary treasurer of Reform UK, declined to comment on the transaction. The buyer has not been made public.<\/p>\n

Property details<\/h2>\n

The Grade II-listed mansion sits within the grounds of Royal Chelsea Hospital and includes a lake and swimming pool. Land Registry records show the property is currently owned by Providence House LLP, a partnership controlled by Candy. His estranged wife, Holly Valance, the former pop singer and actor, is another member of the partnership. The title also has a bank charge registered with First Abu Dhabi Bank.<\/p>\n

Providence House was purchased by Christian Candy in 2012 and later transferred to Nick Candy. The property hosted a fundraising event for Donald Trump in 2024, attended by the US president\u2019s son Donald Trump Jr.<\/p>\n<\/p>\n

Wider property portfolio<\/h2>\n

The sale comes as developer debt issues continue to affect London\u2019s property market<\/a>. Candy has been attempting to sell a \u00a3175 million penthouse flat at One Hyde Park in London, which has a mortgage with Bank of Singapore. He also has a mansion in Los Angeles listed for sale.<\/p>\n

Candy owns offices at Upper Brook Street in Mayfair, where Reform UK<\/a>\u2018s Nigel Farage\u2019s company, Thorn in the Side, is also based. He is listed as the most recent ultimate beneficial owner of another Chelsea townhouse via a Guernsey company, although its annual statement of ownership is months overdue.<\/p>\n

Political connections<\/h2>\n

Candy donated approximately \u00a31 million to Reform UK last year and plays a significant role in the party\u2019s fundraising activities. He was present when Reform announced plans to attract wealthy individuals to the UK with a \u00a3250,000 fee for 10 years of residency and a special tax regime. He also attended a meeting between Farage and billionaire Elon Musk at Trump\u2019s Mar-a-Lago resort in December 2024.<\/p>\n

The Candy brothers made their fortune trading property in London and internationally. The \u00a3275 million transaction, if confirmed, would set a new benchmark for residential property values in the capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Property developer Nick Candy has sold his Chelsea mansion for a reported \u00a3275 million, in what is believed to be the most expensive residential property transaction on record in London and one of the largest globally. The sale of Providence House was first reported by Bloomberg. Candy, who serves as honorary treasurer of Reform UK, […]<\/p>\n","protected":false},"author":1,"featured_media":3243,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\nChelsea mansion sells for reported \u00a3275m in record deal - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/chelsea-mansion-sells-for-reported-275m-in-record-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chelsea mansion sells for reported \u00a3275m in record deal - Second Home\" \/>\n<meta property=\"og:description\" content=\"Property developer Nick Candy has sold his Chelsea mansion for a reported \u00a3275 million, in what is believed to be the most expensive residential property transaction on record in London and one of the largest globally. The sale of Providence House was first reported by Bloomberg. 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