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

Emma Woollacott
The stunning open plan living room
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
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 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.