A stunning home built on the site of a workhouse which inspired Dickens to write Oliver Twist has been put on the market for £13.5 million.
Overall, Savill's predict a 24.4% price rise for London property over the next five years - and an even bigger growth for the suburbs.
If you have £2.3m a year spare, take our tour of One Hyde Park to see the kind of space you'd get for your money.
The cost of moving to the capital now costs twice as much as anywhere else in the country, according to a new report on the cost of moving house.
Higher house prices in London and the South East means homeowners pay on average more than £10,000 in stamp duty costs and £6,500 in estate agents fees.
Londoners are becoming increasingly pessimistic about getting on the property ladder, with 50% saying Britain is becoming more like other places in Europe where renting is 'the norm'.
A new report by Halifax also found that 83% of potential homeowners in the capital are unwilling to sacrifice the quality of accommodation they currently live in order to save up for a deposit.
The report also found that one in five young people aged 23 to 27 still have no desire to own their own home, despite the introduction of the Government's Help to Buy scheme. The scheme has previously struggled with uptake in the capital, where the average house price is now £458,000.
London prices have risen by 10.9%, according to latest Land Registry figures, the fastest rate since July 2010.
The average price of a home in the capital now stands at £409, 881.
Borough by borough, the rate of growth from January 2012- January 2013 differs:
Hackney - 20.4%
Waltham Forest - 18.3%
Wandsworth - 17.6%
Lambeth - 16.4%
Hammersmith & Fulham - 15.2%
Lewisham - 14.6%
Islington - 13.8%
Haringey - 13.3%
Southwark - 13.2%
Westminster - 13.1%
Kensington and Chelsea - 11.1%
Barking and Dagenham - 10.9%
Tower Hamlets - 10.7%
Merton - 10.6%
Greenwich - 10.1%
Bromley - 9.3%
Richmond - 9.0%
Ealing - 8.3%
Hounslow - 8.3%
Enfield - 8.1%
Barnet - 7.9%
Kingston - 7.7%
Bexley - 7.7%
Croydon - 7.6%
Brent - 7.6%
Redbridge - 7.6%
Hillingdon - 7.5%
Sutton - 6.9%
Havering - 6.3%
Harrow - 3.9%
Newham - 3.6%
Property prices in central London will grow more than 23% over the next 5 years, however prime markets in commuter zones could exceed this growth as more people move out of central London.
The suburbs have become the first step for buyers looking to make the move out of the capital, according to estate agents Savill's. Getting more for their money, still having local conveniences on their doorsteps and good schools are a driver which encourages families to look further afield.
Other things you could spend that monthly rent on:
- A 2 bedroom flat in Ilford
- A 3 bedroom house in Sidcup
- A brand new Ferrari California T (not available until next month)
- 6 diamond encrusted Rolex watches
- Shelter and bedding for 1,950 families in Typhoon torn Philippines
A rare opportunity to rent a five bedroom flat at the exclusive development One Hyde Park has come up. Few of the luxury apartments have appeared on the market as rental property, so this will be exciting news for some.
However, the price tag will put off most of us - a record breaking £195,000 a month.