A dramatic property deal in prime central London appears to have heralded a soft-landing for the sector following the controversial Budget last week.
Within hours of Chancellor Rachel Reeves delivering the bombshell news of a mansion tax, estate agency Beauchamp Estates secured a quick sale of a £10.95m 4,185 square foot. five bedroom Nash house in Regent’s Park.
The property involving a UK vendor and UK purchaser, had gone under offer and was ready to exchange two weeks prior to the Budget announcement but the buyer had asked for the exchange/sale to be halted until the outcome of the Chancellor’s speech. Beauchamp Estates say that if the budget had resulted in a “hard-landing” for the property market, with onerous real estate taxes introduced, the deal could have potentially unravelled.
Beauchamp Estates highlight that the UK buyer of the house on Chester Terrace is part of an upturn in domestic UK purchasers relocating from the Home Counties back into Central London because they view PCL property values as providing good value and an excellent – “one in a generation” opportunity – to move into a family house in the heart of the capital.
The agency recently sold the £5.5m former London home of music legend Mick Jagger, a four bedroom sub-penthouse at Harley House in Marylebone, to a young domestic UK buyer.
Rosy Khalastchy, Beauchamp Estates Director & Head of St John’s Wood Office who sold the Nash house 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.”
Jeremy Gee, Managing Director of Beauchamp Estates adds: “The “soft-landing” for the London property market following the Autumn 2025 Budget announcement triggered this £10.95m 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.
“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.”
