Britain’s most expensive fixer-upper is available on sale for £50 million ($84 million), but if you buy it, you’ll need additional £20 million ($34 million) to restore it. This is more than 300 times the average price of a house sold in England and Wales – and the price could end up rising with the possibility of offers coming via sealed bids. Listed Grade II, the house has retained many of its original features and is particularly notable for the Regency re-decoration which include the Chinese Wallpaper and silk wall hangings requiring a full refurbishment.
With a large courtyard garden and a linked Mews house at the rear extending in all to 14,788 square feet, planning permission has been granted to extend the house further to almost 22,000 square feet which will include a new basement level spa area with sumptuous interior design sympathetic to the historical importance of the house.
Since the terraced property sits in the middle of London’s Mayfair, one of the most desirable locations in the world, and is expected to attract keen interest from billionaires. When the mansion will be restored to its former glory, experts say it will be worth around £100 million ($167 million).