Overview

• John Fredriksen has placed The Old Rectory, a 300-year-old Georgian estate in Chelsea, on the market for £250 million through discreet off-market channels.
• He has dismissed more than a dozen domestic staff and shifted his personal and business operations to the United Arab Emirates.
• Fredriksen publicly declared that “Britain has gone to hell” after Chancellor Rachel Reeves ended the non-dom tax regime in April.
• The mansion offers ten suites, a ballroom and nearly two acres of gardens, ranking it among central London’s largest private residences.
• The sale underscores a broader exit of high-net-worth individuals from the UK driven by new inheritance and domicile tax rules.