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A swanky penthouse overlooking the capital is literally raising the roof of the property market by commanding sky high rentals.

Located in Park Lane, the five-bedroom, fully furnished apartment with ‘oversized’ marble en-suites could be yours for an eye-watering £281,667 a month, or just under £3.4million a year – making it the most expensive flat in Britain. 

By comparison, the average cost of house in Britain is £254,624, according to the UK House Price Index.  

Sky high prices: This penthouse at Grosvenor House Suites commands £281,667 monthly rent - or just under £3.4m a year

Sky high prices: This penthouse at Grosvenor House Suites commands £281,667 monthly rent - or just under £3.4m a year

Sky high prices: This penthouse at Grosvenor House Suites commands £281,667 monthly rent – or just under £3.4m a year

Very fine dining: Inside the stunning apartment, thought to be Britain's most expensive rental at nearly £70,000 a week

Very fine dining: Inside the stunning apartment, thought to be Britain's most expensive rental at nearly £70,000 a week

Very fine dining: Inside the stunning apartment, thought to be Britain’s most expensive rental at nearly £70,000 a week

Sweet dreams: The swanky apartment boasts five luxurious bedrooms, all with their own en-suite marble bathrooms

Sweet dreams: The swanky apartment boasts five luxurious bedrooms, all with their own en-suite marble bathrooms

Sweet dreams: The swanky apartment boasts five luxurious bedrooms, all with their own en-suite marble bathrooms

For almost the same as the tenant would pay in rent for their Park Lane address, they could buy a three-bed detached bungalow, listed as sold subject to contract in Poole, Dorset for £282,700, or a three-bed terraced house in Croydon, Surrey, currently priced at £281,000 on Zoopla. 

The former boasts three bedrooms and two bathrooms, including an en-suite in the master bedroom. The modest property has also been extended and has gardens at the front and a west-facing plot rear, as well as a garage. 

Relax and unwind: Inside the interior-designed flat, which offers state-of-the-art home technology and climate control

Relax and unwind: Inside the interior-designed flat, which offers state-of-the-art home technology and climate control

Relax and unwind: Inside the interior-designed flat, which offers state-of-the-art home technology and climate control

In Croydon, the three-bed mid-terrace house currently for sale is available to over 60’s under Homewise’s lifetime lease plan and boasts an open-plan living arrangement, luxury kitchen and enclosed rear garden in a terraced patio area.  

It’s a far cry from the stunning penthouse at Grosvenor House Suites, which overlooks Hyde Park and measures 4,822 Sq Ft (448 Sq Metres). 

The apartment boasts luxury living accommodation, a hidden designer kitchen, a sumptuous dining room and a sitting room complete with grand piano for entertaining guests. 

The apartment features five en-suite marble bathrooms, which offer sweeping views of nearby Hyde Park and central London

The apartment features five en-suite marble bathrooms, which offer sweeping views of nearby Hyde Park and central London

The apartment features five en-suite marble bathrooms, which offer sweeping views of nearby Hyde Park and central London

The luxurious penthouse apartment is located close to 'some of the world's best shopping' including Harrods and Selfridges

The luxurious penthouse apartment is located close to 'some of the world's best shopping' including Harrods and Selfridges

The luxurious penthouse apartment is located close to ‘some of the world’s best shopping’ including Harrods and Selfridges 

Estate agents for the property also highlight the ‘latest state of the art home automation technology’, as well as climate control, air-conditioning and keyless secure entry.

Residents can make use of additional benefits, including daily housekeeping services, a luxury welcome hamper on arrival, complimentary WiFi and 24-hour room service. 

There’s also an on-site gym with personal trainer, round-the-clock concierge and security services and valet parking. 

For a change of scenery, the first-floor boasts a guest-only access atrium, with a seven-storey glass ceiling and a grand over-sized fireplace and 24-hour dining, where residents can relax and unwind. 

Meanwhile, the penthouse is conveniently located close to ‘some of the world’s best shopping’, including Harrods and Selfridges. 

The average rental in the capital is a drop in the ocean compared to the prices commanded by the penthouse at around £1,580 a month.  

Source: DailyMail

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