Nick Candy, the billionaire property developer and treasurer of Reform UK, has sold his Chelsea mansion for £265 million in what is believed to be the most expensive residential property transaction in British history. The sale of Providence House, a Grade II-listed 19th-century mansion in the grounds of the Royal Hospital Chelsea, was reported by Bloomberg and confirmed by sources close to the deal.
The property, originally known as Gordon House, was bought by Candy's brother Christian for £75 million before the pair undertook extensive renovations over four years. The mansion features a lake, an underground swimming pool, and period Georgian interiors, redesigned by Candy's own interior design firm, Candy London.
Candy, who also facilitated a meeting between Reform UK leader Nigel Farage and Elon Musk at Mar-a-Lago in 2024, has donated £990,000 to the party. The mansion previously hosted a Reform UK fundraising event in September 2024 and a campaign event for Donald Trump attended by his son, Donald Trump Jr., two months earlier.
The sale surpasses the previous UK record of £210 million paid by Chinese billionaire Hui Ka Yan in 2021 for a 45-room mansion overlooking Hyde Park. The buyer of Providence House has not been named, and a spokesperson for Candy's family office declined to comment.
