The lucky man that snapped up David and Victoria Beckham's 'Beckingham Palace' in Sawbridgeworth, Hertfordshire, for £11.3 million has been named as insurance tycoon Neil Utley.
Mr Utley, 52, the chairman of Hastings Direct, moved into the sprawling 17-acre, seven-bedroom estate last month with his wife, Narmali, 46, reports the Express.
The Beckhams brought the property back in 1999 for £2.5 million just three months after they got married.
They then spent an estimated £2 million renovating the property, adding a swimming pool, recording studio, garage for four cars, walled gardens, a lake, golf course, full size football pitch and a large pavilion with barbecue, gazebos and ornamental gardens.
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So it's no surprise the new owner is said not to be making many changes to his plush new home.
Mr Utley made his fortune in insurance and reportedly made a cool £135 million when Hastings Insurance was sold to Goldman Sachs last November.
The Beckhams, meanwhile, have now moved onto a multi-million pound (reports range from £30m to £45m) eight-bedroom townhouse in Knightsbridge, which, wait for it, they paid for in cash.
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