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November 30, 2010
£400 million Terraced Homes
Recently put on the market are two mansion houses, part of a row of terraced houses for sale in the prestigious area of Regent’s Park. The six mansion houses and four lateral apartments that comprise Cornwall Terrace take the record for the world’s most expensive row of terraced houses. We briefly profiled these before for our New Royals Home Search, but the properties deserve more than a more mention.
Sir John Nash, a famous royal architect, designed this terrace as part of King George IV’s strategic scheme to benefit Regent’s Park in the 19th century, and it was inhabited by British nobility for around 150 years. This historic row is being refurbished and designed to showcase its original beauty. Estate agents describe this project as “a rare convergence of provenance, history and grandeur.”
The residences benefit from views of the park’s rowing lake and high quality refurbishment specifications from a renowned architectural team, including firms Paul Davis & Partners, Tate & Hindle, and Darling & Associates. The refurbishment was watched over by English Heritage and The Crown Estate.
Oakmayne Properties, the developers that purchased the site in the beginning of 2008, have completed other highly-regarded projects such as Disney Place residences in SE1 and The Collection in St. John’s Wood (the former Saatchi Gallery).
This row is comprised of 88,000 square feet of Grade I listed property. The six “ambassadorial” double-fronted residences range from 8,000 to 14,000 square feet and come with an associated two-bedroom mews house possibly for staff accommodation, and the four lateral apartments range from 3,500 to 4,000 square feet.
The design team has combined the property’s historic attributes with state-of-the-art technology, including a silent hydraulic elevator and multi-room iPad-controllable audiovisual and lighting systems. The properties have oiled and polished hardwoods floors throughout, with handcrafted Italian marble floors in certain rooms, period fireplaces and other luxurious detailing.
The residences each benefit from an enormous entry room and master bedroom, along with four to six additional bedrooms, a spa, a gym, and a garage.
The two houses that are currently on the market are priced at £29 million and £39 million. The other highly-anticipated residences are expected to be put on the market sometime next year. One of the mansions is expected to have a £60 million price tag and includes a swimming pool and a ball room.
A few potential investors have enquired about the possibility of converting two residences into one, ultra-prime mansion potentially worth £100 million. This terraced row is expected to become one of the most desirable addresses in London.