Simon Cowell has sold his London home for £30m below the asking price, as the housing market continues to slow.
The X-Factor and Britain’s Got Talent judge put the Georgian property on the market in July seeking offers in region of £45m. Days later he agreed to sell the house, in Holland Park, Kensington, for £15m, according to a lender acting for the unnamed multimillionaire buyer.
Cowell, who had lived in the six-bedroom property for 16 years, said he had decided to leave London to start a new life in the country with his partner and young son after a series of burglaries and home invasions.
The sale was agreed in just four days, with Cohort Capital providing a £5.5m loan to the unnamed buyer. Contracts were exchanged on 6 August.
Matt Thame, the founder of Cohort Capital, said: “Given the current turbulent market conditions, time is of the essence more than ever in the luxury real estate sector, and we’re delighted to have been able to close this deal in less than a week.”
The headline surely should have been “Sorry, but I’m out…” as Cowell sells home for big discount
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Something very strange going on here …. No one accepts such a huge discounted offer after a few days, especially someone like Simon Cowell. Perhaps a large under the table cash sum has also been transferred!
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an astonishing low offer – did he use Purplebricks?
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So much about this story to cause concern. If it were a horse race, there’d now be a steward’s enquiry!!
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It’s been a while since I worked in that area. But I remember not being able to sell a house not very far from there for about £11m during the worst part of the Credit Crunch in 2009.
£30m off asking is too much of a discount, but then was the asking price at £45m realistic in the first place. If it should have been on the market for £30m then in reality he has only dropped £15m. I also wonder if it might come with some kind of tax right-off that makes it more palatable.
Mind you, if you have as much money as Mr Cowell surely does, then dropping £30m might be the equivalent of a normal person dropping £30,000 – painful but doable.
He might really want out and , given the circumstances, I’m not sure that I blame him.
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clearly some skulduggery going on here!!
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