Margaret Thatcher home ‘to go on sale for sh 4bn’

http://nairobidigest.co.ke/wp-content/uploads/2014/06/thatcher-house.jpgMargaret Thatcher home ‘to go on sale for sh 4bn’

Margaret Thatcher’s former home is to go on the market for up to £35 million after wealthy foreign buyers have been attracted by its “blue plaque effect”.

The house in Belgravia, London, will go up for sale after its current owners complete a major refurbishment project which will include two basement floors and a connection to a mews property behind.

Lady Thatcher lived at the property on Chester Square, which was sold for just £4.16m because of its short lease, until the year before her death at the age of 87.

The new owners are thought to have arranged an extension of the lease and after initial renovation work, the house was valued recently at around £12m.

However, workmen are now expected to convert the house into a far larger “iceberg home” with a number of subterranean rooms totalling around 7,000sq ft.

Read more at http://www.telegraph.co.uk/property/propertynews/10904077/Margaret-Thatcher-home-to-go-on-sale-for-35m.html

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Harrison Karemeri

Harry is an Accountant, freelance writer and a Biz-tech enthusiast. He is currently head of finance and managing editor at Nairobi Digest. Harry has watched John Q by Denzel Washington 33 times! Follow on twitter; @karemeryl