Nick Candy has sold his luxury mansion in Chelsea for £265million – making it the most expensive property transaction in Britain and among the biggest in the world for a residential sale.
The billionaire property developer, who is also treasurer of Reform UK, has sold Providence House in the grounds of the Royal Hospital Chelsea to an unspecified buyer. Reports on the price tag vary from £265m to more than £270m.
The sale is thought to be the most expensive ever made in the UK, and possibly the world.
The Grade II-listed mansion in south-west London was used to hosted a Reform UK fundraising bash in September 2024.
Two months earlier it was home to an event for Donald Trump’s most recent election campaign that was attended by his son, Donald Trump Jr.
Candy’s home was not openly marketed, but was the subject of multiple offers from interested parties, sources told Bloomberg, which first reported the sale.
The sale of the 19th century mansion, originally called Gordon House, was reportedly led by Sotheby’s International Realty – and represents a whopping investment for Mr Candy.
His brother Christian bought Providence House for a reported £75million and the pair then carried out extensive renovations over four years at the Grade II listed home.
The home was made over using Nick’s own in-house interior design business, Candy London.
It boasts its own lake and an underground swimming pool, as well as period Georgian features inside.
Nick Candy’s luxury property Providence House has been sold for £265million, according to reports – making it Britain’s biggest ever house sale
Mr Candy (pictured) is an ultra-wealthy property developer responsible for luxury London housing projects
Mr Candy also serves as Reform UK’s treasurer, and facilitated a meeting between Nigel Farage and Elon Musk at Donald Trump’s Mar-a-Lago home in 2024
The reported sale price beats out the £210million paid by Chinese billionare Hui Ka Yan in 2021 for a 45-room mansion overlooking Hyde Park in London.
Mr Hui was able to exploit the weak pound post-Brexit to buy 2-8a Rutland Gate for relatively little money – all things considered – before his company, China Evergrande Group, collapsed under $300billion of debt.
The sale had been, until now, London’s biggest. Last year, some 41 homes priced over £15million exchanged hands, reportedly sold off by non-doms fleeing the end of their beneficial tax status. Of those sales, three quarters were done in cash.
As well as serving as treasurer, Mr Candy is a strong supporter of Reform UK, having donated £990,000 over the course of 2025.
A well connected businessman, he engineered a meeting between Reform UK leader Nigel Farage and Elon Musk at Donald Trump’s Mar-a-Lago home in late 2024 – before Musk became a vocal critic of Mr Farage some weeks later.
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Mr Candy’s property portfolio also includes the flagship penthouse at One Hyde Park and the modernist Reserve complex in Holmby Hills, Los Angeles.
More recently, he has turned his attention to the Middle East’s burgeoning real estate market – a playground for the uber-rich.
He has been a vocal critic of Mayor of London Sadiq Khan, writing in the Mail last month: ‘There’s more chance of getting stabbed on a London street than of being injured in an Iranian attack in the United Arab Emirates (UAE).’
Land Registry records show the house is owned by a limited liability partnership controlled by Candy and his ex-wife, the Australian singer and actress Holly Valance. The couple filed for divorce last year after 13 years.
A spokesperson for Candy’s family office declined to comment to the Daily Mail today.
