Newly-single pop star Britney Spears has purchased a new home in Beverly Hills for $7.2 million.

The five-bedroom Mediterranean-style villa is located in the exclusive gated community of Summit Circle and includes a swimming pool, library, media room, and maid's quarters.

Celebrity real estate agent Barbara Corcoran says, "Britney's new house is a perfect party pad.

"It's on the best street in the Summit Circle gated community, on a quiet cul-de-sac and it needs absolutely no work."

Spears has already moved out of the Malibu, California home she shared with estranged husband Kevin Federline and is keen to move into her new property as soon as possible.

A source tells American publication The Star, "She asked the sellers to get out right away. So they moved to a hotel on 12 December (06).

"Britney liked the house just as it was. She didn't want to have to wait for new furniture to be brought in."