The property is Grade II listed Providence House, formerly known as Gordon House, a 19th century mansion in Chelsea on a two acre site within Chelsea Hospital's Royal Hospital. Nick Candy renamed the property after his brother Christian Candy presented it to him as a gift in 2014. Christian Candy acquired the property for £75 million at auction. The £270 million sale places it among, if not at the top of, the most expensive house sales ever recorded, surpassing the £210 million purchase of a mansion near Hyde Park in 2020 by the family of Hui Ka Yan, founder of the Chinese Evergrande Group.
This transaction dwarfs other recent high-value London property deals. The most expensive London home sold in 2025 was a £41 million mansion purchased by Charles Lorenceau, founder of private equity firm Ace and Co. The sale also surpasses the £80 million paid by fashion designer Tom Ford for a Chelsea mansion in 2024.
The identity of the buyer remains undisclosed, with details kept out of the public domain. A series of offers were submitted for the property, despite it never having been formally placed on the market.
Nick Candy previously resided at Providence House alongside former Neighbours actress Holly Valance. Nick Candy and Holly Valance filed for divorce in 2025 after 13 years of marriage. Nick Candy is a property developer.
Nick Candy was previously a member of the Conservative Party but now serves as treasurer for Nigel Farage's Reform UK, having defected from the Tories in 2024. Nick Candy donated approximately £1 million to Reform UK last year, making him one of its principal fundraisers.
This sale occurs against a backdrop of London house prices declining for the sixth consecutive month, in contrast to UK-wide figures which climbed by 1.3 percent over the same period to January. The record-breaking deal highlights the resilience of the luxury property market in London despite broader economic trends.