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Tuesday, June 2, 1998 Published at 09:34 GMT 10:34 UK UK For sale, £3m terraced house ![]() The grade II listed buildings date from 1811 If you are househunting with upwards of £3 million to spend then look no further than a row of terraced houses up for sale in London.
Among the well-heeled looking to buy are reported to be Madonna. The houses were originally built in 1811, the first was sold for just £630, but their value had risen by nearly 1000% by the time the developers, Northacre, bought the freehold in 1994 for £15m. By then the 25 houses had been turned into 125 self-contained one bedroom flats. The company eventually persuaded the flats' occupants to move out, and set about installing features the original owners would never have dreamed about.
"The games room houses are ideal as home cinemas." Parking was not a problem when the terrace was built, and neither is it now: "Where the coal cellars were in the early nineteenth century you now have a car park instead," he said. Earls Terrace is being dubbed 'the new Millionnaire's Row' and John Hunter says it is easy to see why the development appeals to clients like Madonna.
"I think it is more than likely that there will be a number of people who decide to buy houses here because it offers them the opportunity to protect their privacy. "It offers them the opportunity of actually living in a house here without having to to go out of the house at all, they can drive into the car park, they can walk into their house, they can use their swimming pool and it is all under cover," he said. As well as the luxury houses, a buyer's £3m plus will also buy a piece of history. Earls Terrace was owned by the Second Baron of Kensington who, according to legend, was an agent for Napoleon. If the French had won the battle of Waterloo, the terrace would have been turned into accomodation for Napoleon's elite officers. |
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