The daughter of F1 boss Bernie Ecclestone's has sped up the London property ladder after reputedly buying her first home - for a racy 66.5m.

22 year old Petra Ecclestone trumped most first time buyers with her enormous budget. The luxurious pad in question is a 14-bedroom, Grade II listed mansion in Chelsea, west London, previously owned by tycoon Sir Anthony Bamford.

The house, reported to be the most valuable in Chelsea, has its own driveway, six reception rooms, ten bathrooms, adjoining lodge and has planning permission for an underground swimming pool and gym.

Despite the properties abundant opulence, it didn't escape the troubled property market unscathed. The lavish building remained on the market for over 18 months and had a few million shaved off its initial asking price of 79m.

Regardless of this reduction, Sir Anthony Bamford will still be laughing all the way to the bank having originally paid 45m for the prestigious postcode five years ago.

Model-turned-fashion-designer Petra will have plenty of room in her new home as she is set to share it's 14 bedrooms with just her businessman boyfriend and four dogs.

However this loft existence shouldn't be too much of an adjustment for the group who currently reside in a seven-storey house in Eaton Square, Belgravia.

Whether your budget will strech as far as Miss Ecclestone's or you prefer something slightly more modest, trust RIB to attract those crucial buyers and find the right property for you.

RIB is an independent partnership that has been established for over 40 years, enjoying an enviable reputation and providing exceptional specialist knowledge.

Established in 1962, they are able to provide a wealth of experience across the full range of property services for our clients.

Visit http://www.rib.co.uk to begin your smooth and successful relocation to or within London.