Home Residential Property Saudi Prince in secretive £100m Billionaire Row mansion sale

Saudi Prince in secretive £100m Billionaire Row mansion sale

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29th Jul 13 12:05 pm

The sale was supposed to be top secret, with all interested buyers reportedly having to sign non-disclosure agreements just to view the Kensington mansion, but few things manage to stay hush hush when you live on arguably the UK’s most sought-after street.

According to The Times, Saudi Prince Abdul Aziz bin Fahd has put one of his Billionaire Row mansions on the market for a staggering £110m. The Prince owns 5 Palace Green in Kensington and 12 Kensington Palace Gardens.

The three-storey detached home is right next to Kensington Palace with the likes of Foxtons founder Jon Hunt, the Sultan of Brunei and Britain’s fourth-richest man Lakshmi Mittal also owning homes on the street.

The average house price on the street is almost £20m, according to property comparison site Zoopla. The cumulative value of all the homes is thought to be £3.5bn.

Houses here rarely go on the market and cause quite a stir whenever they do, with the world’s ultra-rich and famous clambering for a spot.

The Saudi Royal family is believed to own around 10 properties on the street with the 12 Kensington Palace Gardens address thought to be worth some £150m.

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