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INDEPENDENT PERSPECTIVE. EXCEPTIONAL ASSETS.Friday 9 October 2026 | Updated London
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Luxury Property / NEWS BRIEF

St John's Wood Square homes listed from £5.25m, averaging over 3,260 sq ft

The 120-home scheme on a former barracks site averages more than 3,260 sq ft a home, against Westminster's 200 sq m cap on new-build homes, with completion scheduled from 2028.

Original reporting:Spear's · 9 October 2026EPR ArchitectsReal Asset Insight · 16 April 2021

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What happened

St John's Wood Square, a 120-home development on a former barracks site in London's St John's Wood, has list prices from £5.25m for a two-bedroom residence, according to Spear's on 9 October 2026. The homes are apartments, duplexes, penthouses and townhouses.

Completion is scheduled from 2028, and Knight Frank and Savills are leading sales.

Size is the pitch. Spear's says homes in the scheme average more than 3,260 sq ft, with some above 8,000 sq ft. Westminster introduced a cap of 200 sq m (about 2,000 sq ft) on the size of new-build homes in 2021. Spear's describes the scheme as one of the last in the capital to receive planning permission.

Real Asset Insight reported in April 2021 that the limit applies to new residential developments and that the rules are set to last until 2040.

It said new units over 200 sq m were seen as an ineffective use of land, and that the policy was likely to have notable implications for the prime and super-prime residential sector. The same article said the rules gave large units rarity value.

The site covers 5.5 acres just north of St John's Wood High Street and was previously occupied by St John's Wood Barracks. Spear's says Ananda Krishnan bought it for £250m in 2011. EPR Architects describes the masterplan as ten buildings, including mansion blocks and townhouses, on a 2.2-hectare site.

Amenities include a restored, Grade II-listed riding school built in 1825, which houses much of the scheme's 40,000 sq ft of health and fitness space, and 2.6 acres of landscaped gardens. For now only one residence is available to view, Spear's said.

Key issues — our analysis

  • Asking prices, not completed sales
  • Large units and rarity value
  • Only one residence open to view

Who should pay attention

  • Owners of large Westminster homes
  • Private bankers advising prime London buyers
  • Family offices holding London property
  • Property valuers and insurers

What to watch

  • First reported completed sales at St John's Wood Square
  • Whether completion keeps to the scheduled 2028 start

Ask Aurelia about this article : St John's Wood Square homes listed from £5.25m, averaging over 3,260 sq ft

Sources

How this was produced

This original summary was prepared with AI from the linked reporting and published through automated editorial checks. It has not been individually verified by a human editor. Analysis sections are our interpretation. For information only; not financial, investment, tax or legal advice. Editorial standards · Corrections.

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