Skip to main content

£24m Westminster Mansion Sold Online to save High Street Estate Agent Fees






The gentleman owner decided to try and save a fortune by instructing Manchester-based My Online Estate Agent to advertise the property, shown here in Grosvenor Gardens

A gentleman owner  has decided to try and save a fortune by instructing Manchester-based My Online Estate Agent to advertise the property, shown here in Grosvenor Gardens.



An 18-bedroom London mansion worth £24 million is being sold online to save around £400,000 in estate agent fees. The owner of this Grade II-listed, seven-storey home in Grosvenor Gardens, Westminster, has put it up for sale on the My Online Estate Agent website. Alongside the huge number of bedrooms, it features three reception rooms and 11 bathrooms. The property, part of a terrace dating back to 1868, has parquet flooring, marble staircases, original wood panels and ornately decorated ceilings

It also boasts a view of Buckingham Palace and access to private gardens in Belgrave Square.

The Manchester firm says that, by going online and paying a one-off charge of £549, the owner has saved themselves more than £400,000 by avoiding commission fees high street firms normally charge.A spokesman said: “We’ve sold London properties before for around the £1 million bracket.

The Grade II listed mansion was built in the 1860s with accommodation arranged over seven floors. It boasts parquet flooring, original wood panelling, ornately decorated ceilings. There is a fully-fitted kitchen with marble worktop.

With 12,640 sq/ft of space, the mansion is around 14 times the size of the average UK home. At £24 million, it is 127 times more expensive than the typical £188,000 paid for home last month.

In the same week the Grosvenor Gardens home went online the same website listed a two-bedroom terraced home in Burnley for £63,000. The owner of the Burnley house will pay the same in fees as the owner of the Belgravia mansion.

A multi-millionaire is hoping to save more than £400,000 in estate agency fees by selling his mansion online in record-breaking ad
The owner has saved more than £400,000 in estate agency fees by selling his mansion online in record-breaking Deal

The stunning seven-storey property in Belgravia has 18-bedrooms and 11 bathrooms, and has been valued at £24million

The stunning seven-storey property in Belgravia has 18-bedrooms and 11 bathrooms, and has been valued at £24million

The home's dining room. An estate agent would typically charge around £430,000 in fees for the sale of a home such as this


Wood panelling is found throughout the property, which has many unique and original features which have had an obvious effect on its asking price



The home's dining room. An estate agent would typically charge around £430,000 in fees for the sale of a home such as this from London High Street High End Estate Agents.
Last year it was calculated that Estate agents made £860m out of London's property boom in 2015







Further Reading 

Alison Platt CEO CountryWide PLC High Street Estate Agent > Debunking the Myth of Corporate PR

Boost for housing as government puts hundreds of acres of land up for sale

Class War protest outside Kennington Road London High Street Estate Agents Reed and Rains

Airbnb Sharing Economy Marks 4M UK Guests by Hosting Business Secretary

PURPLEBRICKS [LON:PURP] The Telegraph Questor share tip:

Comparethemarket ready set go for Large IPO

Purplebricks.com interim results, good start, launches in house data sales, online market share continues

what next for zoopla realtor or zillow

What do online sales mean for Tesco and CountryWide PLC Retail 2016 ?

1 in 5 home insurance claims rejected and UK flooding insurance statistics 2015

Right-to-buy rush pushes home loans to seven-year high: Loans totaling £220bn were handed out in 2015

Alex Chesterman CEO of Zoopla , Crude Oil price and the Markets, Stephen Morana CFO departs ZPG

Drug Lord Escobar’s Miami Home Demolished , mansion property of the devil dissapearing

How BlockChain may solve fraud in Real Estate property industry #CRE

Private palaces: Russia moves to hide property data

Iconic Building Lincoln House [Former Maharajah Palace and US embassy ] sold to business tycoon $113m

Spectre of facing Spanish fraud trial: Sean Connery's wife accused of 5.5 million pound property tax swindle

Wales hotel that was the scene of a quadruple murder has sold for £150,000

zoopla.co.uk #ZPLA comes out fighting bucking the FTSE 250 Market

Investors eye growing number of online UK estate agents

Government urged to use Bitcoin-style digital ledgers, could help issue land registry property title deeds

Royal Bank of Scotland to settle on US mortgages within Weeks

Birmingham, Berlin and Hamburg are top of the property market as the capital is overtaken by cities such as Budapest and Istanbul

Bank of England's Carney says no timetable for rate rise , interest rates , buy-to-let

Euro Zone banking Oil price falls Iran sanctions lifted and Property Industry and Portals

Investment fund behind purplebricks.com acquire Property Developer operating in Ibiza

Competition and Markets Authority 2016 will be a very interesting year for CMA in all facets of competition within the property industry

Royal Bank of Scotland to settle on US mortgages within Weeks

The snow balling woes of CountryWide PLC high street estate agency

Prime Minister David Cameron pledges to transform sink estates @onthemarketblog

How BlockChain may solve fraud in Real Estate property industry

UK house prices rose 9.5% in 2015, says Halifax

More buy-to-let landlords searching for mortgages on cheaper properties + housing market shows no sign of slowing down winter months

Aldi Lidl shoppers won't jump ship to Tesco Ground Hog Day / Tesco wants its money back

buying letting renting property and homes, will never be the same again

New head of development joins leading online estate agency easy property + launching #CRE auctions

Bank of England volatility has extinguished any prospect of a rate rise in the near-future.on track for seven years of record low interest rates as global markets turmoil

Why UK Property Online Real Estate Agents really do have billon pound start up potential Says GOOGLE

Bowie predicted the internet of things which can be applied to property industry today
2016 year of Tech start Future is VERY BRIGHT from London to New York

Birmingham, Berlin and Hamburg are top of the property market as the capital is overtaken by cities such as Budapest and Istanbul

more Countrywide plc disruption as chairman leaves largest UK high street estate agency

Countrywide PLC UKs largest Real Estate

Agency - Alison Platt CEO Let The Battle Commence Online

UK's biggest estate agent Countrywide sees shares plunge 12% as shortage of properties for sale hits profits

why wallpapering over the cracks won't help, Country Wide PLC

countrywide PLC sees a direct threat from online real estate agents like for like


Comments

  1. Al Raee Real Estate


    Buy these luxury apartments for sale in Dubai; from high rise apartments to penthouses in the most exclusive areas. We have a curated list of 100% verified properties and high-quality photos across high-end areas in Dubai.

    ReplyDelete

Post a Comment