Is this the UK's most expensive student flat? It's worth £12.5 million

The stunning open plan living room

A £12.5 million apartment on London's Park Lane looks set to become Britain's most expensive student accommodation.

The three-bedroom, 3,600 square foot property is up for rent at an eye-watering £4,000 a week, and is described by Maskells, one of two agents marketing the property, as a family apartment.

However, according to the Evening Standard, 80% of enquiries have come from Middle Eastern students or their parents.

Fountain House has a pillared main entrance foyer with 16-foot ceilings and a manned hotel-style concierge desk.

"Originally built in 1938 by Sir Giles Gilbert Scott, the man whom also designed Britain's iconic red telephone box, the block takes its name from Hyde Park's 'Fountain of Joy', which can be seen from the apartments themselves," Maskells say.

The front of the block

But because the apartment also has its own private entrance, complete with ten-foot oak door, the agents are able to market it as a townhouse - the only one on Park Lane.

Inside, it features a dramatic cantilevered glass staircase connecting the three levels, one of which has a glass floor.

Each of the three en-suite bedrooms has its own floor, and there's an open-plan kitchen/reception room measuring 40 feet by 29 feet, as well as a private entrance hallway, two large walk-in wardrobes and a utility room.

There's also a west-facing 30-foot terrace overlooking Hyde Park - perfect for student parties.

There's air conditioning, underfloor heating and state-of-the-art home entertainment and security systems - and the designer kitchen is fitted with gloss units and Miele appliances.

The glass floor

The property is available unfurnished on a long lease.

London has long been popular with Middle Eastern investors, and many have killed two birds with one stone by buying their children their own property while they study in the city.

However, stamp duty on top-end properties has rocketed in recent years, while prime property prices in central London have been sliding since the Brexit vote.

As a result, many wealthy students are now choosing to rent instead - and, says agent Wetherell, which is also marketing the property, the £192,000 a year cost is 'standard student digs rent money' for rich tenants from the Mddle East.

The most expensive rental property in the UK
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The most expensive rental property in the UK

Audley House, a Grade II Listed Georgian property, is on the rental market for an astonishing £780,000 a year - or £15,000 a week, making one of the UK's most expensive rental properties.

It is estimated the bills will come to a whopping £125,000 a year, on top of the rent.

The six-storey mansion is spread out over 8,346 sq/ft and is worth approximately £35million. 

However, you need not worry about walking up all those flights of stairs as there is a private passenger lift with access to all floors.

The luxurious property is set in the heart of Mayfair.

Comfort cooling, state-of-the-art security and audio-entertainment technology are incorporated throughout the Mayfair mansion. 

The property features five VIP bedrooms suites.

Each of the luxurious bedrooms are decorated in different coloured decor.

At 1,500 sq ft the master bedroom is bigger than the average British home.

The mansion also features four reception rooms,a family kitchen, a gym and private walled gardens.  

The stunning six-storey property comes fully furnished with luxurious furniture, fixtures and fittings and is ready for tenants to move in.

Like all rental properties, interested tenants will be asked to hand over a six week deposit and the first month's rent before they move in. 

The property comes with a five year contract meaning tenants will end up handing over £3.9million to the landlord.


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