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22% reduction in asking price: http://www.rightmove.co.uk/property-for-sale/property-24472151.html

5 bedroom house for sale £3,900,000
Radnor Place, Hyde Park Estate
Sun Jan 16 21:57:52 2011
* Price changed: £4,995,000 £3,900,000
Sun Mar 8 01:27:40 2009
* Price found: £4,995,000
* Status found: Available

It's been on for nearly 2 years.

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This seems to be an ex council block? Pretty sure you can do much better in this area for £4m. Super greedy vendor?

No, not ex-council.

These would have been built in the 1960s, possibly 1970s. Just a typical example of the blocky, brutalist style of that time.

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