TLDR;
A penthouse apartment in Wortley Village, London, has set a new record as the most expensive condo ever sold in the city, fetching $2.25 million. Despite selling below its initial listing price of $2.6 million, the sale highlights the desirability of the location and the unique features of the property. The condo, located in a boutique building, boasts high-end finishes, spacious living areas, and attractive amenities, contributing to its appeal in London's luxury market.
- Record-breaking sale price for a condo in London.
- High-end finishes and unique design.
- Desirable location in Wortley Village.
[Record-Breaking Sale in Wortley Village]
A penthouse apartment located at 122 Wortley Rd. in London's Old South, specifically in Wortley Village, has been sold for $2.25 million, marking the highest price ever paid for a condo in London. The unit was initially listed at $2.6 million and sold within a month. Peter Jones, the builder of the three-story condominium, expressed satisfaction with the final sale price.
[Unique Features and Desirable Location]
The 268-square-metre condo features three bedrooms, four bathrooms, 3.4-metre ceilings, and an in-floor heating system. It also includes a partly covered terrace with two fireplaces overlooking Thames Park. The building offers amenities such as a ground-level garage and an outdoor pool.
[Market Conditions and Appeal]
Realtor Shahin Tabeshfard noted the surprising sale price and speed of the transaction, considering the current market conditions. He pointed out that similar high-end developments in north London have penthouses priced around $1.5 million. Tabeshfard emphasized that the condo's location in Wortley Village, known for its proximity to restaurants, amenities, and downtown, significantly contributed to its appeal.
[One-of-a-Kind Property]
Tabeshfard described the property as unique, stating that its design and features set it apart from other units in the city. He believes this uniqueness was a key factor in achieving the record-breaking sale price.