“Historic Mayfair Home of Earls of Crawford Fetches £11.5 Million”
A three-bedroom duplex residence once owned by the Earls of Crawford, boasting its lineage dating back to 1398, has been successfully sold to an American buyer for a staggering £11.5 million.
Situated in Mayfair, this sale is being hailed as a potential kickoff to London’s super-prime property market in 2024.
“A Glance at the Property’s Rich Heritage”
Originally belonging to Sir David Lindsay, the first Earl of Crawford, and his wife Elizabeth Stewart, the property holds historical significance.
James Ludovic Lindsay, the 26th Earl of Crawford and 9th Earl of Balcarres, an esteemed astronomer and former president of the Royal Astronomical Society, once utilized the property’s grounds as an observatory.
“Sale Dynamics and Market Trends”
Gary Hersham, founding director of Beauchamp Estates, expressed pride in the sale, emphasizing the ongoing appeal of Mayfair as a preferred locale for discerning global home buyers seeking luxury and prestige.
The sale follows a series of high-value transactions in the area, including a £30.45 million penthouse sale on Brook Street, totaling £80 million worth of prime property sales towards the end of 2023.
“Continued Allure of Mayfair in Global Real Estate”
Mayfair remains a beacon for affluent buyers worldwide, attracting individuals in pursuit of opulent retreats.
With its timeless charm and modern amenities, this residence epitomizes the allure that the neighborhood exudes in the realm of luxury real estate.
“Elevating London’s Property Market”
The sale of the Earls of Crawford residence for £11.5 million marks a significant moment in London’s real estate landscape, potentially setting the tone for a thriving super-prime market in the city for the year 2024.
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