A pocket of luxury market across from Hyde Park in London Mayfair Once an aristocratic carriage house, the mansion is now a luxurious mansion that claims £26.95 million (US$30.2 million).
Culross House’s new sticker price, which returned to the market earlier this month, is around £5.5 million cheaper than the £32.5 million the three-story property was listed in 2018.
In its former life, the site was home to the Coach House of the Capel family, Earls of Essex, who had their London manor on nearby Upper Grosvenor Street. It was passed to businessman Sir Thomas Stepney in the early 1800s, and it was his heirs who built the current brick building in the 1920s. Mansion Global reported when Culros House first hit the market.
The developer has completely overhauled the property and now features a marble entrance hall, home theater, swimming pool, glass elevator and Hermès bedroom suites, according to the property’s listing agency, Beauchamp Estates.
There is also a fully equipped gym, treatment rooms, bar and walk-in wine cellar.
The home, located in the part of London favored by wealthy foreign investors, is likely to appeal particularly to US buyers, according to Beauchamp Estates director Rosy Khalastchy.
“Since the dollar has risen against the pound, boosted by the recent 2022 mini-budget, budget U-turns and current resignations, [yesterday] The pound remains at a record low against the dollar, backed by Prime Minister Liz Truss,” said Harasty.
Culross House was rented by wealthy international students, but the owner, who Khalastchy declined to identify, said, “We decided not to renew the tenant. Instead, [the owner] We put the house up for sale specifically to take advantage of the dollar buyer market,” she said.
Americans aren’t the only ones benefiting from currency imbalances. We also have dollar-based buyers from India, UAE, China and the Middle East. It’s a discount on buying a house in London,” he says Khalastchy.