Britain's Latest Pricey Home

by Deidre Woollard (RSS feed)
Dec 3rd 2007 at 8:02AM

Britain is no stranger to luxury real estate but a house in Belgrave Square is making news because it is set to go on the market for an astronomical £90 million early next year after a two-year refurbishment. The six-story home is owned by a Madeira-registered company, believed to be run by a Lebanese man. Property records show that the owner paid £6.87million for a 99-year lease in January 2005. In the past the substantial building has been used for offices. In order to turn it into a family home a basement swimming pool, gym and media room have been added. There are 12 bedrooms, garage space for four cars and the home measures more than 20,000 sq ft.

The area has had some relatively high-priced homes although this one is far and away the priciest. Saudi sheikh Walid Juffali and his wife Christina Estrada bought a home several years ago that had an asking price of £33million. Roman Abramovich's former wife Irina is also rumored to have checked out a on a £35million house there. If the house sold for the planned asking price it would only be the second highest sale in the country. Top honors go to the penthouse at One Hyde Park a development still in the planning stages.

[via Elite Choice]

Tags: belgrave square, britain, london, luxury real estate, real estate