I imagine he will make his money back but I can’t see the massive profits because my limited experience of high rollers is not many of them want to live in Kennington/E&C despite it being very central. They prefer Knightsbridge. Historically it is a place MPs live and people wanting to live centrally with modest means.
Locally you can buy beautiful Georgian Terrace houses for £1.5 million, not so much of a statement, but considerably cheaper per sq foot, have a garden and are not in the middle of modern development of flats but a lovely garden square. Just think the market is smaller than envisaged, the high end is very location specific and at present i don’t think this is such an area. May change over the next 10 years as they redevelop E&C.
That said, there is another statement home on the market in the area for £4.5 million, which equates to just less than £1,000 per sq ft if they achieve it. Not sure what the square footage of that house is.