£65m St John's Wood super-mansion has price cut by half

If you thought the only way is up when it comes to London property prices, think again.

Why?

A £65m home in St John’s Wood has seen its price slashed by half.

Cinema in St John's Wood home

The 11-bedroom home, which is described as a property built to the “highest imaginable specification”, comes with a games room with a snooker table, cinema room, temperature-controlled wine cellar, gym and sauna, plunge pool and a hairdressing salon.

At 21,600sq/ft, it is more than 20 times the size of the average new UK home.

Wine cellar in St John's Wood home

Backyard

Henry Pryor, a buying agent, warned that London’s multi-million pound properties are seeing asking prices slashed.

“The market has softened in the past year and people can’t be so cavalier with their asking prices. It can punish those who are over-ambitious,” he told the London Evening Standard.

“Canny buyers now appreciate that you no longer have to pay ticket price and the queue of potential buyers for these mega-sales has reduced to a trickle.”

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Readers' comments (1)

  • Anonymous

    Ha. I also expect that the reason they have had to slash the price because anyone buying that monstrosity will have to sink many more millions getting rid of the horrible furnishings. Purple velvet sofa??? Really?!

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