UK’s ‘second most expensive house’ on sale for £185million

1-18 York Terrace East could be the second most expensive property ever (Picture: Homes and Property)

Looking for a house in London with plenty of space and good views?

Well this one certainly ticks all the boxes – but it will set you back £185million.

If the property overlooking Regent’s Park in central London meets that figure, it will be one of the highest-priced homes in the UK.

In January, Chinese property tycoon Cheung Chung-kiu agreed to buy a different 45-room mansion for more than £200m, making it the most expensive property ever in the UK.

But this property at 1-18 York Terrace East could sit in second place.

It is a Grade I listed building and was completed in 1826. If it looks a little familiar, it might be because it was designed by John Nash, who also worked on Buckingham Palace, Regent Street and the Royal Pavilion in Brighton.

The exterior (Picture: Homes and Property)
There are 45 bedrooms (Picture: Homes and Property)

It was bought by property firm Zenprop in 2016 but was previously used as government offices, then student accommodation.

Inside, lots of the student accommodation remains across the 117,000 square feet and it needs renovation in some areas to bring it up to a luxury standard.

One of the luxury bedrooms inside (Picture: Homes and Property)
Living area (Picture: Homes and Property)
There’s planning permission to turn it into 26 flats and two houses (Picture: Homes and Property)

There is planning permission for 26 flats and two houses but it could also be kept as one large dwelling.

Zenprop said that because of Brexit and the pandemic, it is selling for less than expected.

Derrick Beare, chief executive of Zenprop, told the Guardian: ‘We would have made a very healthy profit, but because of Brexit and the pandemic, prices are not what they were.’

He added that Zenprop had already received multiple approaches and are confident there will be a buyer.

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