The timing of the purchase by a super-rich Russian buyer is significant, coming just six months before elections in Moscow which may see Russian prime minister Vladimir Putin grab back the Kremlin as president.
Political uncertainty is seen as a major factor for the astonishing outflow of capital from Russia, amounting to £18.4 billion in the first four months of this year, a sizeable chunk of which has gone into foreign property.
It also has two golf courses, ten tenanted cottages and another eight in need of renovation. The home boasts 27 bedrooms.
Its £140million price tag makes Park Place Britain’s most expensive home, knocking One Hyde Park, Knightsbridge, London, off the top spot, which was sold for £136million earlier this year.
The fabulous Witanhurst, the second largest home in London (Buckingham Palace being the first)was sold n 2007 to a property developer for an estimated £32 million. The neo-Georgian property has 65 rooms including 25 bedrooms and a huge ballroom. It has been used as a location for a variety of period dramas. The developer, Marcus Cooper of The Cooper Group, plans to throw a lot of money into the house, hoping for a truly huge payout on the resale.
Developer Mr. Cooper hopes for an even bigger sale price than Spink. Cooper is quoted in the Telegraph as saying that he is looking to “create London’s first £150 million estate.”
