Are You Up For A DIY Challenge?
Derelict mansion set to top £100million after DIY make-over.
Why not snap up this derelict house and get busy.
The asking price is admittedly £50million and an extra £20million will need to be spent to bring it up to scratch but when you are done you will have a mansion worth £100million.
The property, in the heart of London’s Mayfair, is set to make the record books as Britain’s most expensive fixer-upper. But nevertheless there is expected to be a queue of wealthy investors keen for a project.
Peter Wetherell, managing director of agents Wetherell, the firm tasked with selling the Grade II-listed house, expects interest from four types of buyers – Arab oil sheiks, multi-millionaires from Africa, Russian oligarchs and home-grown property developers.
Peter Wetherell said: “The key features of these £50million-plus homes are opulent state rooms, princely proportions and every leisure facility and luxury imaginable.
“Everybody knows each other, and as they also do with their mega-yachts, the competition and rivalry to create the world’s best trophy houses is immense.
“We anticipate a fierce battle by super-rich bidders. Once converted it will be one of London’s most outstanding mansions.”
Plans have been drawn up for the refurbishment of the house, built around 1750, whose previous residents have included an earl and a marquis.
When completed, the home at 39 Charles Street will boast seven palatial bedroom suites, eight state rooms, a leisure complex and a private cinema.
The main bedroom suite will be spread across 2,000 sq ft, twice the size of the average new UK home, and will include his and hers dressing rooms and bathrooms.
There will be an eight-person lift, a mews home for guests or staff, a wine room, an office, a catering kitchen and high-security vaults.
The job won’t be easy though. Even the period Chinese wallpaper is listed and will need to be restored.
“So if you decided to go for this property don’t forget to give us a ring when you are buying your materials!” says Greengates Builders Merchants Accrington, Lancashire.