Daily Telegraph: Compass Points – Chester Square (Feb 2015)
Here’s a well-heeled square that has been home to olagarchs, prime ministers and Nigella Lawson. This to-die-for 4925 sq ft property comes with five bedrooms, a media room, steam room with plunge pool and staff suite.
If the thought of those mortgage payments brings you out in a hot sweat, simply turn on the air-conditioning.
The one-bedroom apartment, in Knightsbridge, costs 56 times the average house price in England and Wales and has been dubbed the ‘ultimate pied-a-terre’
Simon Barnes, an independent property consultant, has been inside One Hyde Park and deals in the super-prime market.
He said: “It is an amazing place and is not be like buying a one-bedroom flat.
“It is a very modern, high quality build, you have the Mandarin next door and the ultimate concierge. The sort of person who will look at it is likely to be the sort of person who spends a lot of time in a hotel. But for £10 million you could get quite a few nights in the finest hotel suite.
The bar in residential development keeps being raised. What you lack in London are the locations to build on which is why they can charge such a price at One Hyde Park. Will the quality of developments improve? Yes, but it is highly unlikely you find a better location.”
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