An £11.5m Mayfair duplex has become as the first ultra-prime property to be sold this year.
The 3,270 sq ft, three-bedroom duplex on Charles Street, W1, was sold by Beauchamp Estates to an American buyer.
The Grade II listed Edwardian Arts and Crafts property, built in 1900, was originally the London home of the Lindsay family, the Earls of Crawford.
Between 1914 and 1918 it was converted into a military hospital visited by King George V and Queen Mary, before being converted back into a house.
Beauchamp said there had been a 10% rise in multi-millionaires and billionaires buying luxury homes in London in 2023.
Last year saw 54 sales of properties priced over £15m, £1.3bn of sales in total, with the market dominated by buyers from the US, China and the Middle East.
Beauchamp Estates forecast that in 2024 values of properties priced above £15m would rise by 1% or 2%, with the volume of billionaire home deals likely to again rise by 10%.
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