Business · Companies · 3 hrs ago
Addison Lee founder sells Regent’s Park mansion for £11.5 million
John Griffin sold his Regent’s Park mansion for £11.5 million at the beginning of October.
The Addison Lee taxi company founder paid £20.7 million for the home in 2013, so the sale price was little more than half his purchase price.
The six-bedroom house is part of a Regency-era terrace in central London and had been listed for as much as £32 million in 2021.
The sale reflects weakness in London’s high-end housing market, where prime property prices have faced tax changes and economic and political uncertainty.
Central London sales of homes worth more than £5 million fell 11 per cent in the third quarter compared with the previous quarter, while prime prices were down 7.2 per cent over the past year, according to figures cited in the story.
Price growth for London’s most expensive homes is not expected before 2028, according to a Savills forecast.
John Griffin, founder of London taxi company Addison Lee, sold his Regent’s Park mansion for £11.5 million at the beginning of October.
He paid £20.7 million for the property in 2013, making the sale price little more than half what he paid.
The six-bedroom home had been listed for £32 million in 2021 and was re-listed this year for £13.5 million.
The sale comes amid a subdued prime London property market, where prices and transaction levels have fallen.
- Who
- John Griffin, founder of Addison Lee, sold the mansion.
- What
- He sold it for £11.5 million, little more than half the £20.7 million he paid.
- When
- At the beginning of October; the article was published on 14 October 2026.
- Where
- On the western perimeter of Regent’s Park in London.
- Why
- Not stated
This story does not have two clearly opposing sides.
Griffin paid £20.7 million for the mansion.
The property was listed for £32 million.
The mansion was re-listed for £13.5 million.
Griffin sold the property for £11.5 million.
- Sale price
- £11.5 million
- Previous purchase price
- £20.7 million in 2013
- Property
- Six-bedroom home in a Regency-era terrace designed by John Nash
- 2021 asking price
- £32 million
- Latest asking price
- £13.5 million
What people are saying
Adding a new prime minister and continuing global uncertainty to the mix has resulted in a subdued prime London market, with the super-prime segment particularly affected.
The key indicator is simply the number of transactions relative to new instructions, under offers and existing stock – it remains stubbornly low.