Richard Branson’s Old House Sells For £55 Million

The price tag for Richard Branson’s former house should come as no surprise after you hear that it comes complete with a basement swimming pool, a subterranean squash court and has the Beckhams as neighbours, as well as the likes of Robbie Williams, Simon Cowell and Jimmy Page.

Sir Richard’s house (which he sold a decade ago for about £17.5 million) has just gone under the hammer for an impressive £53,489,500, bought by a company based in the British Virgin Islands, the Sun reports.

This means that it’s 100 times more expensive than the average home you’ll find in London – although the new buyer will have to fork out an additional £8 million in stamp duty, one of the biggest payouts the Treasury has ever received for a residential home.

So what bang will they get for their buck? Aside from the squash court and swimming pool, the mansion also boasts a study, novel library, two roof terraces, a conference room, a hobby room, a cinema, two staff bedrooms and a sitting room, and a catering kitchen.

Henry Pryor, property expert, said: “These houses in Holland Park are the diamonds in the crown jewels of the Kensington housing market. Most people digging a big hole underneath the house will fill half of it with a swimming pool and the other half with a vintage car collection. It is unusual to see a squash court.”

Squash courts may be unusual but perhaps fitness centres will become more fashionable in the future.

If you’d like to find out more about basement conversions in London, get in touch with us here at The Oxford & London Building Company.