Britain's Most Expensive Demolition Project: Mayfair Mansion On Sale For £35m

How Much Will It Cost To Knock Down This House?
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Wetherell

A Mayfair mansion could be Britain's most expensive demolition project after being put on sale for £35m, with permission already granted to knock it down.

Analysts estimate that the new six-storey mansion built in place of the two-storey house could be worth up to £65m, leaving the developer with a final profit of £28m.

The property, 30 Mount Row, is deep in the heart of London's exclusive Mayfair district.

The proposed 16,000 square foot residence would feature a 2,000 sq ft master bedroom suite, more than twice as big as the average British home, along with a 40ft private garden and a guest villa. The new project would boast a dining room that could sit 26 and a library.

The two-storey basement would feature a swimming pool, gym, wine cellars, cinema and a bowling alley. The new house would feature a lift taking visitors through all of the floors.

Peter Wetherell, managing director of Wetherell estate agency, which is selling the property, said: “There are 13 houses in central London openly on the market for more than £30m.

"This is the only tear-down on the list and is the most expensive example ever of a house that has been bought deliberately for knocking down and redeveloping.”

Most Expensive UK Property Sales In Q2 2013
19 Wilton Crescent, Westminster: £25m(01 of07)
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66 Townshend Road, Westminster: £24m(02 of07)
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26 Acacia Road, Westminster: £16.5m(03 of07)
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49 Rutland Gate, Kensington and Chelsea: £15m(04 of07)
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2 Trevor Place, Kensington and Chelsea: £14.5m(05 of07)
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Honourable mention: 25 Chesham Place, Kensington and Chelsea: £13.25m(06 of07)
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For being the most expensive apartment sold over the last quarter
It's no surprise London has the most expensive properties...(07 of07)
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According to Adzuna, just 25% of London homes are within budget for first-time buyers on an average local income.London homes prices are nearly 8 times as much as a couple's average salary, according to their estimates.