Nick Candy, the property developer and Reform UK honorary treasurer, has sold his Chelsea mansion for more than £270 million. The price makes Providence House the most expensive residential property ever sold, anywhere.
TLDR
Nick Candy sold Providence House in Chelsea for between £270 million and £275 million, the highest price ever paid for a single residential property. Companies House filings show the property was held by Providence House LLP, whose designated members include Candy and his estranged wife Holly Valance. The off-market deal, brokered by Sotheby's International Realty, exceeds the previous London record by at least £60 million.
KEY TAKEAWAYS
Bloomberg reported the sale on Wednesday, placing the figure at more than £270 million, or approximately $350 million. The Financial Times and The Guardian both reported £275 million. The Daily Mail, outlier as ever, ran with £265 million. Nobody has confirmed the exact number. Nobody involved will speak on the record.
Candy declined to comment. Marcus O'Brien of Sotheby's International Realty, who brokered the transaction, did not respond to requests for comment from The Real Deal. The buyer is unnamed. The deal was off-market.
What the Companies House filings reveal
Providence House was not owned by Nick Candy directly. It was held through Providence House LLP, a limited liability partnership registered at Companies House under number OC454083.
The LLP was incorporated on 11 October 2024. Its registered address is 49 Upper Brook Street, London W1K 2BR. Four members are listed. Two are designated members: Nicholas Anthony Christopher Candy, date of birth January 1973, and Holly Rachel Vukadinovic, date of birth May 1983.
Vukadinovic is the legal name of Holly Valance, the Australian actress and singer best known for the 2002 hit 'Kiss Kiss' and her role on Neighbours. She and Candy married in 2012. They separated in June 2025 after 13 years.
The other two members are Patricia Doola Candy, Nick's mother, born August 1946, and SMSDC LLP, a separate limited liability partnership with company number OC454071. All four were appointed on the same date: 11 October 2024.
A bank charge was registered with First Abu Dhabi Bank.
The property
Providence House sits on two acres in the southwest corner of the Royal Hospital Chelsea grounds. Two acres in central London is roughly as rare as corporate self-restraint. The site once accommodated the residence of Robert Walpole, generally regarded as Britain's first Prime Minister.
The compound contains three structures: the main house, dating to 1809, the Orangery, built in 1725, and Creek Lodge. Beneath them, a 14,000-square-foot subterranean basement connects all three buildings and contains a 60-foot swimming pool, a private IMAX cinema, a bowling alley, and a luxury spa.
Above ground, there is a private lake, landscaped gardens, and a panic room. The property is Grade II listed.
Christian Candy, Nick's brother, bought the property for roughly £75 million in 2012, when it was called Gordon House. Ownership was transferred to Nick around 2014, per court filings. Nick spent four years renovating it using Candy London, his interior design firm.
Where this sits in the record books
At £270 million or above, the sale exceeds the previous London record by a comfortable margin. That record was set in 2020 when the family of Hui Ka Yan, founder of Evergrande, paid £210 million for 2-8a Rutland Gate in Knightsbridge, a 45-room mansion previously owned by the estate of former Saudi Crown Prince Sultan bin Abdulaziz. The Rutland Gate property was back on the market by 2022 after Evergrande's collapse and eventually sold in 2025 for £138.9 million, a £71 million discount.
The global comparison is Ken Griffin, founder of Citadel, who paid $238 million for a penthouse at 220 Central Park South in New York in 2019. That remains the most expensive US home sale. A property at 75 Deep Water Bay Road in Hong Kong sold for approximately $322 million in 2017, though Hong Kong's super-prime market has since deteriorated.
Candy's sale, at approximately $350 million, surpasses all of them.
The political dimension
Candy donated £990,000 to Reform UK in 2025. He is the party's honorary treasurer. Providence House hosted a Trump fundraiser in July 2024, attended by Donald Trump Jr. A separate Reform UK fundraiser took place at the property in September 2024.
He is also attempting to sell a penthouse at One Hyde Park, the luxury development he built with his brother, for £175 million. A mortgage from Bank of Singapore is registered against that property.
Meanwhile, his Holmby Hills estate in Los Angeles was relisted for $58 million, a 32 percent reduction from the original $85 million asking price.
The Australian connection
Holly Valance moved from Melbourne to London after her pop career and acting work on Neighbours. Her legal name, Vukadinovic, appears on the Providence House LLP filing as a designated member with the same appointment date and correspondence address as the other three members.
Reports of the split emerged in late June 2025. Several Australian outlets reported the couple had been living separately for some time. They have two daughters, Luka Violet Toni, 13, and Nova Skye Coco, 7. Woman's Day speculated the divorce settlement could reach $600 million. A prenuptial agreement reportedly exists.
What proceeds does Valance receive from the Providence House sale? That depends on the terms of the LLP partnership agreement and whatever settlement the divorce produces. The LLP filing lists her as a designated member, not a subordinate one. In partnership law, the distinction is not cosmetic.
The London luxury market moved 41 homes above £15 million in 2025, three quarters of them cash purchases from non-domiciled residents reportedly exiting before tightened tax rules took effect. Does Candy's sale follow that pattern? The buyer's identity, like so much else in this transaction, has not been disclosed.
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