Could part of the former home of George Peabody in London be Britain’s most expensive fixer-upper flat?
The philanthropist George Peabody is the most notable individual to have lived at 80 Eaton Square in Belgravia in London. When he died there in 1869, his wealth was the estimated at 1/556th of US GNP and said to be some $16 million (the equivalent of $280 million or £180 million today). Part of his former home is for sale and though in need of “modernisation throughout”, it is priced at a staggering £30 million ($45.6 million).
Consisting of 6,107 square foot of accommodation over two floors on the northern terrace of this internationally known address, this somewhat scruffy raised ground and basement flat has permission to extend to some 7,000 square foot to designs by the David Collins Studio.
The proposed accommodation incorporates not only 3 reception rooms and 4 bedroom suites but also such features as a bar, a wine room and a double height dining room. At £4,912 per square foot ($7,630 per square foot) before renovation costs this certainly has to be amongst Britain’s most expensive fixer-upper flats. It is for sale through Savills’ Sloane Street office.
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At these rates, how can even privileged people survive in London?
By cutting corners…..
Peabody died of pneumonia brought about though waiting for ages in the rain to catch a cheaper bus…..