If you are in the market for a spacious home in Central London and the budget is not an issue, you've lucked out. An increcidibly unique luxury property just became available in London that one real estate agent said that “nothing on this scale in such a prime London location has ever come up for sale.”
The property, or rather number of properties, is actually an entire “terrace” of white stucco houses designed by one of Britain’s most esteemed architects, John Nash, whose other notable commissions include Buckingham Palace, the Royal Pavillion, and the Marble Arch.
The Grade 1 Listed 117,000-square-foot building overlooks beautiful Regent’s Park and currently has planning permission for the development of two houses and 26 apartments with 42 underground parking spaces. It was originally configured as 18 single-family houses built between 1821 and 1826.
The terrace suffered severe bomb damage during the Second World War but was later renovated and served, first, as government offices, and later as student housing. Now, it’s on the market for a whopping £185 million, or about $243.6 million.
“John Nash was one of the foremost British architects of the Regency and Georgian eras, during which he was responsible for the design, in the neoclassical and picturesque styles, of many important areas of London,” said Jonathan Hewlett, director at Savills, one of the estate agents in charge of selling the property. “This is an exceptional opportunity to acquire an entire terrace in Regents Park to either be used by one family providing multi-generational accommodation or a developer could acquire it to provide flats and houses in the future.”
If 1-18 York Terrace East sells to an individual, it could become the second most expensive house in the United Kingdom. This year, Chinese property owner Cheung Chung-kiu reportedly paid $262 million for a 62,000-square-foot 45-room mansion in London which entered the history books as the priciest home ever sold in the UK.