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Dave Beans

"uk's Most Expensive House Up For Sale"..

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...only £250m...

http://www.dailymail.co.uk/news/article-2313036/The-250MILLION-home-London-house-set-UKs-expensive-property-sold-sale.html

An end of terrace home in London is set to become the most expensive property ever sold in the UK after it went on the market for £250million. The six-storey Grade I listed Regency mansion is a stone’s throw from Buckingham Palace and boasts 50,000 sq ft of living space, making it one of the capital’s largest private homes.

Reports yesterday suggested that a ‘strictly confidential’ brochure, which describes 18 Carlton House Terrace as ‘probably the finest residence in London’, has been circulating among the super-wealthy. For security reasons it shows only black and white photographs from the 1890s. Details on the interior are sketchy, but there is believed to be a magnificent double staircase and a huge ballroom.

The house is registered in the British Virgin Islands and is said to be owned by a member of a Middle East royal family. Property expert Henry Pryor, who pointed out that the ‘nearest corner shop will be Fortnum & Mason’, said: ‘I think it will almost certainly be bought by a foreign buyer.’

The property is 1,537 times more expensive than the average house sold last month in the UK, which was worth £162,606. At the asking price, the buyer will face a £17.5million bill for stamp duty. Details on the property's interior are sketchy, it is believed to boast a magnificent double staircase and huge ballroom. The secret brochure apparently shows interior photographs which were taken in the 1890s, because the current owner does not want to advertise the contents of his home for security reasons.

The property is registered in the British Virgin Islands, and said to be owned by a member of the Saudi royal family. Despite the shaky economic recovery, 2012 was a record year for sales in London worth more than £5million, according to research by estate agent Savills. Last year, more than 400 properties were sold over that threshold, up from 350 in 2011.

With so many properties now fetching nine-figure sums, oligarchs might be tempted to move to Kensington's Egerton Crescent, Britain's priciest street - where they can pick up a bargain with the average house costing just £8million.

article-2313036-196E3C21000005DC-50_634x405.jpg

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This was front page news in the Standard today - clearly more important than:

yesterday's Marathon/the Boston tribute/reports on the bombers

or stories about the Stephen Lawrence anniversary/ the Italian murderer of headteacher Philip Lawrence being released early so he can go to college but who cannot be deported to Italy due to his 'human rights'

two teenagers getting stabbed in Tottenham at the weekend and more

But those are the priorities when you have a Russian oligarch as the owner of the paper - who writes a regular 'Londoners diary' piece for the paper (as if he knows much about their lives!). Or maybe I am just bored of hearing about rocketing prices in zone 1 - its of no interest to Londoners as we can't afford to live there anymore!

Edited by MRMX9

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This was front page news in the Standard today - clearly more important than:

yesterday's Marathon/the Boston tribute/reports on the bombers

or stories about the Stephen Lawrence anniversary/ the Italian murderer of headteacher Philip Lawrence being released early so he can go to college but who cannot be deported to Italy due to his 'human rights'

two teenagers getting stabbed in Tottenham at the weekend and more

But those are the priorities when you have a Russian oligarch as the owner of the paper - who writes a regular 'Londoners diary' piece for the paper (as if he knows much about their lives!). Or maybe I am just bored of hearing about rocketing prices in zone 1 - its of no interest to Londoners as we can't afford to live there anymore!

Quite.

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There are plenty of multi billionaires that purchasing that would be pocket money to them....but how many properties does one person want or need? choices.....sometimes there are far better choices where you can get more for your money, plenty of better alternatives out there. ;)

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‘I think it will almost certainly be bought by a foreign buyer.’

Well of course it will be, how many British people can afford such ludicrous prices, London is just a fantasy play ground for rich foreigners, with the requirements of the indigenous population never being in consideration. <_<

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How much is the Council Tax?

I think Westminster is the lowest in the country, top rate about £760 IIRC. You couldn't make it up.

That's much less than I pay for a two-bed rented flat in Edinburgh!

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If you put it in context look at the amount of the deficit reduction £300m to the cost of that house £250m......Wow! the whole country has saved not much more than the price of one house....peanuts in the scheme of things. ;)

Edited by winkie

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Or maybe I am just bored of hearing about rocketing prices in zone 1 - its of no interest to Londoners as we can't afford to live there anymore!

Maybe not of interest but highly relevant as the ripple effect spreads throughout London and beyond, pushing up prices for everyone outside the centre.

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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