It's a five-storey home in Kensington's Upper Phillimore Gardens, rumoured to have exchanged for £80m, the deal done by a Ukrainian businesswoman and friend to Elton John. If the rumour's true, it's something of a triumph for Mike Spink, who bought the property (number 17) in June 2006 for... £20m, and has spent a further on it £10m since. Hey, is somebody going to tell the super-prime market, there's supposed to be a price crash happening here...

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