UK's 'second most expensive home' up for sale for £185million
13 August 2020, 14:39
The stunning mansion has 117,000 square feet of floorspace and overlooks Regent's Park.
A mansion in North London is currently for sale for a huge £185million.
If the property sells for the market price, it will be the second most expensive home in the UK.
The stunning property is a huge mansion situated on the outskirts of the beautiful Regent's Park, and boasts stunning views of the land from the inside.
The building was originally built in 1826 under the designs on architect John Nash, who also worked on Buckingham Palace.
Now, it's up for sale from current owners Zenprop.
Zenprop purchased the building in 2016, and has recently put the mansion on the market for £185million.
However – even if you did have that kind of money spare – they have warned you would need even more to refurbish it.
Chief executive of Zenprop, Derrick Beare, said that whoever buys the property would be looking at spending a further £80-£90million to refurbish 90 per cent of the interior.
The mansion is located at 1-18 York Terrace East in North London, and currently has planning permission for 26 flats and two houses.
Depending on who bought it, they could renovate the space into apartments, or keep the grand 117,000 square feet of floorspace to themselves.