Longstanding firm’s flurry of acquisitions have included a super-prime townhouse in Knightsbridge, secured at £3.5mn below the original asking.
Echoing other reports from across Prime Central London, buying agency Black Brick has reported its busiest January to date, with a flurry of deals and a book of clients with budgets ranging up to £25mn.
Among the acquisitions completed by the 17-year-old firm over recent weeks was a handsome seven-bed just around the corner from Harrods, secured at £3.5mn below its original asking price.
Acting on behalf of clients with a budget of between £8mn to £10mn, the team needed to find a well-presented four/five-bed in either Mayfair, Belgravia or Knightsbridge with both air con and a lift – potentially a tough ask.
After months of searching, the perfect house cropped up in May of last year on prestigious Hans Place – with the bonus of a 48 ft west facing garden – although it was asking significantly more: £13.5mn.
The seven-bed property was tracked throughout 2023, as various price reductions brought it closer into range; terms were eventually agreed in December at a “competitive” price of £10,033,560 including all the furniture (the rate worked out at £2,385 psf, 4% less than the most recent sale on the street). Contracts were exchanged in less than three weeks.
Other recent purchases included an “immaculate” family home on Clapham Common West Side, acquired for a family relocating back to London at £5.5mn, and a three bed apartment in Chelsea – tucked away at 20% below the asking.
The firm has hinted at some “exciting” plans for the year ahead, including a foray into other markets around the country.
Camilla Dell, Black Brick’s Managing Partner: “We have started January with a book of motivated clients looking for properties ranging from £1.5m up to £25m, and I cannot remember a busier January. Long may that continue. 2024 has gotten off to an incredible start for Black Brick. We exchanged contracts on a number of properties for clients in the run-up to Christmas, achieving record discounts from original asking prices, and we have a book of extremely motivated clients leading us into the first quarter of 2024. I am incredibly proud of the entire team and of having a business that has proven to be a market leader in the world of buying agencies for the last 17 years. We have exciting plans for 2024, including expansion into other parts of the UK, so watch this space.”
