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 is now offered by Knight Frank.
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).
I hope the new owner leaves the very fine decoration by Mr Kime in place. For once something tasteful in Central London.
Is that irony?
The interior ruining decorator should be SHOT!!!!!!!!!!!!!!!!!!!!! Hideous and poor taste guided this retro design!!!!!!!!!!!!!!!!! Rubbish!!!!!!!!!!!!!! Insanity!!!!!!!!!!!!!!!!!!!!! Narrow terraced house with nothing to it!!!!!!!!!!!!!!!!! Knock it down!!!!!!!!!!!!!!!!!! Wrecking ball would be most useful —– And the price!!!!!!!!!!!!!!!! Insanity!!!!!!!!!!!!!!!! Not worth even the 1997 numbers!!!!!!!!!!!!!!!!!! Insanity!!!!!!!!!!!!!!!!!!!!
Rod, you have no place speaking about taste when you put that many exclamation marks into one paragraph. (I use the work “paragraph” very loosely; it was more like a very long line of incoherent babble). Robert Kime, the designer responsible for this interior, is highly successful. His taste is sublime, and he has been sympathetic to the historical nature of this property, rather than ripping the character out of it and replacing it with a beige, grey and white cold, clinical interior which looks more like a science lab. Is this the kind of thing you deem to be tasteful?
It is quite special I must say.
Too many levels for a pensioner like me and very narrow also. With all that money wouldn’t want more space on less levels? A lovely facade to the building however. Quite special.
As a property professional I would argue this location is one of the finest in London and on that basis this house will always hold its value. £32m was plainly too high but £25m is a better place to be. I suspect a sale at around the £19.5m-£21m mark will follow.
Yolanda, do you not realise how it grates with people when you boringly keep describing yourself as a ‘property professional”? It means bugger all.
And what on earth has a price got to do with a ‘better place to be”. Are you American?
The kitchen needs replacing. There’s a bargaining point.
The entire place needs re-doing. Hideous
£6 million on renovations and you get this! No wonder Mr Maud lost so much in his business career. He was had.
The entire place needs re-doing. Hideous
The gay mafia strikes again. Give it a rest, Rod. I’ve seen your place. You ain’t no expert on design…screwed-up design? Yes. you’re an expert. lol