_Knight Frank sells unique 35 Old Queen Street penthouse during lockdown

The New Homes team of Knight Frank has sold the one-bedroom penthouse at 35 Old Queen Street for a record price of £2.5 million

May 13, 2020

Situated on the eighth floor of the development and spanning 1,375 sq ft, this unique one-bedroom penthouse is incredibly light and spacious, and enjoys exceptional views across London’s skyline including Big Ben, Westminster Abbey and the Houses of Parliament.

Selling to a Private Office buyer, the sale represents a record price for a one-bedroom apartment in this district of London, confirming the fundamental appeal of St James’s Park as a prime residential location and highlighting its outperformance potential.

Alexander Lewis, a Partner at Knight Frank, said: “We expect to see St James’s Park elevated to super prime status in the near future. Bordering St James’s Park, this district sits perfectly between Belgravia, Whitehall and Mayfair/St James’s. It also benefits from quick access to the expanding modern retail and leisure amenities of Victoria, and is incredibly well connected.

"Until now, prime new build stock has been in scarce supply in St James’s Park, but with new developments such as 35 Old Queen Street now coming through, the area is becoming increasingly popular with high-end buyers.

“This was a remarkable sale and a savvy, long-term investment. Given that most penthouse spaces are reserved for a development’s largest units, the purchaser was able to acquire one of the best one-bedroom apartments in London.”

Emma Fletcher-Brewer, Partner – New Homes, at Knight Frank, said: “Given the current situation with regards to Covid-19, we adapted our traditional sales process and supported the purchaser by offering virtual tours, which enabled us to complete on the sale despite lockdown. A great result for both the developer and purchaser.”

35 Old Queen Street is one of St James’s Park’s newest boutique developments. Located within a beautifully-restored late 19th Century building, it comprises 16 individually designed apartments. Residents of 35 Old Queen Street benefit from a concierge service offering, while the private meeting room, gym and yoga room are available to all residents. Prices at 35 Old Queen Street start from £3.3 million.

Please contact Knight Frank on +44 (0) 20 3826 0673 for more information.