By
Daily Mail Reporter
Last updated at 2:53 PM on 26th November 2010
The world’s most expensive row of terraced houses has gone on sale for a staggering collective price of £400million.
Cornwall Terrace, in London’s Regent’s Park, consists of eight double-fronted mansions, each with a value of between £29 and £60million.
Estate agents have described the street as: ‘A rare convergence of provenance, history and grandeur.’
Street value: One of the vast mansions on Cornwall Terrace in London’s Regent’s Park, where every property is for sale with a collective value of £400m
The row of properties was designed by architect Sir John Nash as part of the Prince Regent’s – later King George IV – plans for the 19th century masterpiece Regent’s Park.
Overlooking the park’s rowing lake, the mansions belonged to the British nobility for 150 years before becoming the headquarters for British Land. The whole terrace was then purchased by developers Oakmayne two-and-a-half years ago.
The company employed a group of renowned interior designers, supervised by English
Heritage and The Crown Estate, to give the properties a tasteful
makeover.
Each Grade 1-listed mansion took 83,000 man-hours to renovate, with a whole year
spent digging beneath the original basement to create two extra floors. The properties have 8,000 to 14,000 square feet each, and five to seven bedrooms.
The interiors make the most of the buildings’ rich architectural heritage, while boasting state-of-the-art technology.
Tasteful makeover: A group of renowned interior designers, supervised by English Heritage and The Crown Estate, renovated the properties
Each master bedroom alone is the size of the average London apartment, while entrance halls are described by agents as being of ’embassy proportions.’
All properties boast a silent hydraulic elevator and multi-room iPad-controllable audiovisual and lighting systems.
Each even comes with an accompanying two-bedroom mews house for
staff, and a ‘Bentley-sized garage’, as well as a spa and gym.
The largest property, to be sold next year, also
has its own ballroom and swimming pool complex.
The first two properties have been put on the market for £29 and
£39million. The remaining six properties will be marketed next year
with one unidentified mansion expected to cost £60 million.
Prospective buyers have already made enquiries into the possibility of
purchasing two properties and converting them into a single home.
Despite the high price of each property, and a cost of up to £2.5million
in stamp duty, Cornwall Terrace is in the City of Westminster, where
residents pay the capital’s second lowest council tax rates.
Print this article
Read later
Email to a friend
Share this article:
Here’s what readers have had to say so far. Why not add your thoughts below,
or debate this issue live on our message boards.
The comments below have not been moderated.
-
Newest -
Oldest -
Best rated -
Worst rated
Chandeliers are so passée – and naff.
Report abuse
How about a single, 29 year old mother on benefits with 7 children from 3 different fathers whose council house was too small …??
Report abuse
For one awful moment I thought that was a photograph of our home, and I very nearly had to send for my smelling salts, as we only permit photographs to appear in the most select of publications. My palpitations eased when I realised it could not in fact be our home, as we have eight pillars at the front. I will nonetheless take to my bed forthwith just in case I suffer a relapse.
Yes, I can dream. 🙂
Report abuse
Look, I’m really sorry, I couldn’t let them go any cheaper – things are somewhat tight at the moment!
Report abuse
How many are for council tenant?
Report abuse
Chinese, looking to get rid of their vast amounts of US dollar garbage before quantitative easing 3, 4, 5 ,6, 7 ,8, 9 ………………..
Report abuse
The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.