London, November 1: The world’s most expensive terraced property, which is spread across 21,500 sq/ft and boasts seven bedrooms, nine bathrooms and 11 reception rooms, has gone on sale for a staggering 100 million pounds.
One Cornwall Terrace is a Grade 1 listed mansion overlooking Regent’s Park in London and is being marketed by Savills with an asking price of 4,651 pounds per sq/ft, making it one of the most expensive houses ever put up for sale in England.
At this mega price, the buyer would have to pay 7 million pounds in stamp duty alone, and 1,369 pounds-a-year in council tax – the same as a 320,000 pounds property with Westminster Council – the second cheapest borough in London.
Cornwall Terrace was originally designed and built in the 1820s by renowned architect Decimus Burton with the project overseen by the acclaimed John Nash.
It became the official London residence of the New Zealand High Commissioner from 1955 until the 1970s, playing home to lavish parties frequented by royalty and other members of high society.
Savills refused to discuss the end-of-terrace property, but the lavish brochure gives an incredible insight into the home’s level of luxury, the Daily mail reported.
Described as “one of the most important private residences in London”, the four-storey home has had a no expense spared makeover to be transformed into one of the capital’s premier “trophy homes”.
The breathtaking property boasts a mixture of classic and contemporary features from marble and limestone-lined halls to iPad-controlled lighting.
There is also a sports complex which includes a gym and swimming pool and the high-tech gates have an automatic number plate recognition system.
Outside, the mansion has a beautiful 40-metre long landscaped garden and a grand double staircase which connects the terrace and landscaped areas.
Additionally, the home is located on the Outer Circle Road around Regent’s Park – which has 410 acres of gardens and leisure facilities.
At 100 million pounds, One Cornwall Terrace is the joint most expensive home on the open market in London, and shares the same price-tag as Heath Hall, a 14-bedroom detached mega-mansion on The Bishops Avenue in Hampstead. (ANI)