chelsea mansion for sale

London’s luxury property scene just got its latest bombshell: Norwegian shipping tycoon John Fredriksen, one of Europe’s richest men, is putting his jaw-dropping £250 million Chelsea mansion—the iconic Old Rectory—on the market, making it one of the UK’s most expensive homes ever listed.

Fredriksen, worth more than £13 billion and long considered London’s “quietest billionaire,” is leading the billionaire exodus as Britain tightens tax rules and the Labour government floats new wealth taxes. In a withering interview, Fredriksen reportedly declared, “Britain’s gone to hell,” as he finalises his departure for Cyprus and Dubai, joining a wave of ultra-wealthy non-doms who are fleeing Britain’s new fiscal regime.

The Old Rectory itself is the stuff of billionaire legend: a sprawling double mansion hidden behind high walls on exclusive Old Church Street, boasting 15 bedrooms, two ballrooms, a private pool, and sweeping private gardens—right in the heart of Chelsea. Fredriksen famously bought and merged two historic houses to create the ultimate “super-home,” even adding a luxury underground garage and staff quarters to rival anything in Mayfair or Belgravia.

Estate agents say the £250 million price tag could break all records, but note only a handful of global billionaires could contemplate such a deal. With Fredriksen out, London’s ultra-prime market is bracing for more turmoil as other mega-rich owners consider cashing out, fearing the end of the “golden era” for London’s super-wealthy.

‘Britain’s Gone to Hell’: Billionaire John Fredriksen Lists £250 Million Chelsea Mansion and Joins Super-Rich Exodus

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