For sale: UK’s most expensive home set to fetch £100 million

Published on 25/08/2012 01:41

This breathtaking mansion built for a sugar magnate has become the most expensive house for sale in Britain at £100 million – and even the estate agents’ 
brochure costs £2,000.

Heath Hall was constructed on one of London’s most exclusive streets – The Bishops Avenue in Hampstead – in 1910 for William Park Lyle of the Tate & Lyle family. It fell into disrepair until property magnate Andreas Panayiotou bought it in 2006 and transformed it into one of the city’s finest properties.

He spent £40m renovating the mansion and it is now the most expensive house on the open market in the UK.

The stamp duty alone will cost the buyer £7m – enough to buy a magnificent country home in the Cotswolds.

It is so exclusive that potential buyers will have to undergo a vetting process by agents Glentree Estates before paying £2,000 for the glossy brochure. The Bishops Avenue is now known as Billionaires’ Row because of the wealth of the residents, who include members of the Saudi royal family.

Mr Panayiotou employed a team of 120 tradesmen for the renovation, adding a further 8,000sq ft to the already substantial 19,000sq ft. The home, set in 2.5 acres of manicured gardens, now boasts 14 bedroom suites, six reception rooms, a drawing room, dining room, family room, sun room and snooker room. There is also a library, home cinema, steam room with sauna, fully fitted home gym and wine cellar.