1. ITV Report

Penthouse in London sells for record £140 million

A view of a flat at One Hyde Park which boasts the most expensive property on the rental market. Photo: SWNS

A flat overlooking Hyde Park has been bought for more than £140 million by an anonymous billionaire.

It is thought to be the record for a flat in Britain.

The mystery bidder, thought to be from Ukraine or Russia, will be pleased to learn that the value of the property, at One Hyde Park in Knightsbridge, is expected to rise to up to £175 million or £10,000 per square foot, The Times (£) reported.

Property developers claim up to £20 million will have to be spent renovating 'Penthouse D' on top of the £21 million the owner will have to pay in stamp duty.

The interior view of one of the penthouses at One Hyde Park. Credit: SWNS
he new owner will have to fork out up to £21 million in stamp duty. Credit: SWNS
The exclusive penthouse is at One Hyde Park in Knightsbridge. Credit: SWNS
A spokesman for the developers of the property could not confirm the identity of the new owner. Credit: SWNS
The buyer has reportedly smashed the record price for a flat in Britain. Credit: SWNS
The owner may have to pay up to £20 million to renovate and furnish the property. Credit: SWNS

Luxury property developer Christian Candy, of CPC Group, confirmed the sale in a statement but was not able to confirm the final price or the identity of the new owner.

A statement said: "CPC Group can confirm that a 16,000 sq/ft duplex penthouse (Penthouse D) at One Hyde Park was recently sold," he said.

"CPC Group is not able to comment on the sale price or the purchaser. However global professional valuation companies have valued the finished penthouse at circa £160-£175 million."