Six-storey Belgravia residence with controversial business connections goes on sale for 22% less than it was marketed for in 2015 and 3,497% more than it sold for in 1997
A 6,961 square foot freehold terraced townhouse in Belgravia has gone on sale for £25 million or 3,497% more than it was sold for in 1997.
4 Wilton Crescent – which sold in 1997 for what now seems like the paltry sum of just £695,000 – was marketed two years ago for £32 million and provides 5 reception rooms, 9 bedrooms, 7 bathrooms and 2 garages in an adjoining mews house.
Featuring traditional interior design by Robert Kime – decorator to the Prince of Wales – the property featured in court papers in December 2015 in the context of a dispute between a lawyer turned secretive property speculator named Glenn Maud and his former associate Robert Tchenguiz. Said to be at one-time worth £4.5 billion at the height of his success and originally from Sheffield, this businessman and his wife reportedly spent some £6 million renovating the house but was ordered to live on £500 per week in 2012 by a Guernsey court.
4 Wilton Crescent – The Numbers
October 2017 – On the market for £25 million ($32.8 million, €27.9 million or درهم120.5 million) through Knight Frank.
March 2016 – On the market for £30 million ($39.4 million, €33.5 million or درهم144.6 million) through Beauchamp Estates.
December 2015 – On the market for £32 million ($42 million, €35.7 million or درهم154.2 million) according to court documents. Owner Glenn Maud reportedly spent £6 million ($7.9 million, €6.7 million or درهم28.9 million) on “improvements” to the property.
September 1997 – Sold for £695,000 ($912,000, €775,000 or درهم3.3 million).