If you thought house price rises were crazy, you haven’t seen anything yet.
This eight-bedroom property near London’s swanky Holland Park was bought for £3.32 million in 2006 – and is now on the market for a cool £13 million.
If sold for the asking price, it will earn the owners a £9.98million profit – around £130 every hour since it was bought nine years ago.
The terraced house, in Ilchester Place, W14, is said to be owned by the government of the Canadian province of Quebec and was bought to house diplomats.
Just last year Ilchester Place was named as the most profitable street for residential property in England and Wales.
Despite the enormous price tag, estate agents John D Wood, who are selling the property, describe the house as “in need of some updating”.
Along with eight bedrooms, the period property boasts three bathrooms, a drawing room, dining room, study, kitchen, breakfast room, pantry, two cloakrooms, a cellar/utility room, three storage rooms, attic and front and rear gardens.
And if the 4,387 sq ft size of the property isn’t enough to sway a potential buyer, perhaps the planning permission it comes with to increase it to 5,802 sq ft might do it.
Described as being on a “serene tree-lined street”, famous neighbours include Robbie Williams, Jimmy Page and the Beckhams.
Got your eye on it? Best start saving…
Photo credits: John D Wood & Co home.bt.com/