Thursday, 16 December 2010
World’s most expensive row of houses goes on sale with a total value of £400m
The world’s most expensive row of terraced houses has gone on sale for a staggering collective price of £400million. Cornwall Terrace, in London’s Regent’s Park, consists of eight double-fronted mansions, each with a value of between £29 and £60million. Estate agents have described the street as: ‘A rare convergence of provenance, history and grandeur.’
Street value: One of the vast mansions on Cornwall Terrace in London’s Regent’s Park, where every property is for sale with a collective value of £400m. The row of properties was designed by architect Sir John Nash as part of the Prince Regent’s – later King George IV – plans for the 19th century masterpiece Regent’s Park. Overlooking the park’s rowing lake, the mansions belonged to the British nobility for 150 years before becoming the headquarters for British Land. The whole terrace was then purchased by developers Oakmayne two-and-a-half years ago.
The company employed a group of renowned interior designers, supervised by English Heritage and The Crown Estate, to give the properties a tasteful makeover. Each Grade 1-listed mansion took 83,000 man-hours to renovate, with a whole year spent digging beneath the original basement to create two extra floors. The properties have 8,000 to 14,000 square feet each, and five to seven bedrooms. The interiors make the most of the buildings’ rich architectural heritage, while boasting state-of-the-art technology.
Tasteful makeover: A group of renowned interior designers, supervised by English Heritage and The Crown Estate, renovated the properties. Each master bedroom alone is the size of the average London apartment, while entrance halls are described by agents as being of ‘embassy proportions.’ All properties boast a silent hydraulic elevator and multi-room iPad-controllable audiovisual and lighting systems.
Each even comes with an accompanying two-bedroom mews house for staff, and a ‘Bentley-sized garage’, as well as a spa and gym. The largest property, to be sold next year, also has its own ballroom and swimming pool complex. The first two properties have been put on the market for £29 and £39million. The remaining six properties will be marketed next year with one unidentified mansion expected to cost £60 million. Prospective buyers have already made enquiries into the possibility of purchasing two properties and converting them into a single home.
Source: Daily Mail
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