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  1. ITV Report

Who'd live in a house like this? UK's top ten most expensive house sales of 2014

The top ten most expensive house sales of the year have been revealed - topped by a £50 million penthouse.

Land Registry data confirmed that the apartment on Princes Gate, London, is the biggest deal of the year and cost almost twice as much as the second most priciest pad, a £27 million terraced home in west London.

Flat at 5 Princes Gate, London, SW7 Credit: SWNS

The £50 million apartment is one of 11,115 properties which have sold for more than £1 million in 2014.

It went through in July with the buyer left with a whopping £3.5 million stamp duty bill.

Top ten sales for 2014 (stamp duty in brackets)

  • 1) Flat at 5 Princes Gate, London, SW7 - £50 million (£3.5m)
Flat at 5 Princes Gate, London, SW7 Credit: SWNS
  • 2) House on Thornwood Gardens, W8 - £27.9 million (£1.95m)
House on Thornwood Gardens Credit: SWNS
  • 3) Flat at 5 Princes Gate, London, SW7 - £26.5 million (£1.85m)
  • 4) Flat in Cheval House, SW7 - £24.5 million (£1.7m)
Flat in Cheval House, SW7 Credit: SWNS
  • 5) House on Holland Villas Road, W14 - £24 million (£1.68m)
House on Holland Villas Road, London Credit: SWNS
  • 6) Flat in Trevor Square, SW7 - £24 million (£1.68m)
Flat in Trevor Square, SW7 Credit: SWNS
  • 7) House on Winnington Road, N2 - £21.75 million (£1.52m)
House on Winnington Road, N2 Credit: SWNS
  • 8) Flat in Eaton Place, SW1X - £20.15 million (£1.41m)
Flat at 65 Eaton Place Credit: SWNS
  • 9) House on Phillimore Gardens, W8 - £19.75 million (£1.38m)
15 Phillimore Gardens Credit: SWNS
  • 10) House on Cottesmore Gardens, W8 - £19.5 million (£1.36m)
House on Cottesmore Gardens Credit: SWNS

Total stamp duty the top ten homes: £18 million. Of the top 500 sales of the year, just 30 were outside London.

Henry Pryor, a buying agent, believes the market is set to cool as Britain heads towards next summer's General Election.

Property in the UK has historically been pretty cheap in terms of taxes and moving costs although this has changed over the past year with moves to make the richest pay their fair share if not more.

So, as the economy has improved, so has the wealth of those who own and run businesses and when added to the buyers coming to the UK from abroad this has driven up prices across the country.

There have been some very expensive sales this year, there will be more next year too but the top end will pause for breath just as the bottom of the housing ladder is as buyer prepare for a general election in May that could see the cost of owning an expensive house rise dramatically.

– Henry Pryor, buying agent