British Tech Mogul Revealed as Buyer of ‘World’s Most Expensive Home’ After Splashing Out $358 Million on London Mansion

A British tech mogul is believed to have broken the record for the world's most expensive residential real estate purchase after snapping up a historic London mansion for the staggering price of $358 million.

The extraordinary abode was sold by developer Nick Candy in an off-market deal that was first reported at the start of April—however, at the time, the identity of the buyer was unknown.

Now, the Financial Times has named the dwelling's new owner as Suneil Setiya, the founder of a tech-driven investment firm based in the British capital.

The sale is understood to be the priciest private home purchase on record across the globe, dwarfing the $238 million sum paid by billionaire Ken Griffin for his New York City penthouse in 2019, which remains the most expensive residential dwelling to change hands in the U.S.

It also eclipses the previous record for the most expensive London-based dwelling: a $279 million Hyde Park apartment that was purchased by the family of Hui Ka Yan in 2020.

Known as Providence House, the property at the center of this record-breaking sale was originally built in the 1690s and sits on a stunning 2-acre parcel within the grounds of London's "iconic Royal Hospital," according to a description posted on Candy's website.

The property previously served as the private residence of Robert Walpole, Britain's very first prime minister, who held the role from April 1721 until February 1742, serving under both King George I and King George II.

It later served as housing for Royal Hospital staff before falling into a state of disrepair for several years until it was purchased by Candy's brother, Christian Candy, for a reported $92 million in 2012.

Christian then gifted the home to his sibling in 2014, having already completed extensive renovations on the property.

Originally "conceived as a terrace and gardens," the home recently underwent a "four-year restoration and redevelopment" under Candy's ownership, which is described as "an incredible undertaking focused on achieving the highest standard in design, innovation, conservation, and construction."

According to The Times of London, the property boasts the largest private garden in Central London—other than those found on the grounds of Buckingham Palace.

While it was never publicly listed, the opulent mansion has been showcased on Candy's website and social media accounts, where images reveal the stunning interiors of the home, which has been given a tasteful yet modern overhaul.

Numerous living spaces can be found throughout the home, including an open-plan kitchen and dining area, which features glass walls that open to the gardens outside.

Elegant formal living rooms are complemented by more relaxed spaces, including an elegant lounge with a private bar and wine storage.

Multiple fireplaces add a very cozy feel to many of the living spaces and the bedrooms.

The home's exterior is replete with entertaining spaces, from large dining areas to more intimate patios, at least one of which has been outfitted with a fire pit.

There is also a large stimming pool at the back of the property with ample space for loungers. An orangery that runs alongside the dwelling was also restored, while additional structures were added to the parcel, including a lodge and a two-story annex.

An existing courtyard was outfitted with a retractable glass roof, allowing it to be used year-round, even in the worst of the British weather.

The Times reports that, while the home was never publicly marketed, Candy has "been open to receiving offers of about $337 million since at least 2023."

Candy is said to have used the dwelling as his personal residence for several years, living on the property with his estranged wife, Australian pop star Holly Valance, from whom he revealed he had split in 2025.

Amid that separation, the developer is also said to have turned his focus to the United Arab Emirates—a move that coincided with the listings of several of his personal dwellings, including a staggering mansion in Los Angeles, which was relisted for sale for $58 million in March.

Prior to that listing, the property had bounced on and off the market several times since February 2023, when it was first asking $85 million.