Regency reduction: £1 million has just been slashed off the asking price of this Nash Terrace home

PUBLISHED: 12:16 07 April 2017 | UPDATED: 13:46 07 April 2017

Gloucester Gate is currently on the market at �4,950,000

Gloucester Gate is currently on the market at �4,950,000


Take one stunning Nash Terrace house, add one EU Referendum and a spoonful of market confusion, and you’ve got yourself a property that won’t budge

The asking price of Gloucester Gate has been reduced by �1 million The asking price of Gloucester Gate has been reduced by �1 million

A Regent’s Park home has had over £1,000,000 sliced off the asking price. The property, which is found in the prestigious Outer Circle of the Regency Nash Terraces which line the park, offers spacious accommodation to property hunters searching for a historical home in one of London’s most exclusive postcodes.

Bargain hunters shouldn’t hold their breath however; the home is now on the market for a cool £4,950,000.

With an illustrious postcode and high grade accommodation you might have expected the home to have flown off the shelf even at its original price of £5.75 million, but it appears to have been one of the earliest casualties of Brexit.

The Gloucester Gate property came on to the market the day after the EU referendum in June 2016, which saw the UK vote to leave the European Union. In a new climate of uncertainty compounded by stamp duty hikes the London prime market stalled over summer and the listing was one of many that has languished.

The market has begun to pick up since this low ebb, with blossom on the trees and a spring in the step of agents who find that by carving off a chunk of the listed price, properties that have gathered dust in agency windows suddenly sparkle like new.

A significant price reduction such as this is sure to spark renewed interest, and we wouldn’t be surprised to see the news of this reduction generate a flurry of viewings and more than one offer.

The property is found in one of the stucco-fronted Nash Terraces, commissioned to architect John Nash by the Price Regent in 1811. The Regency Terraces were part of Nash’s elaborate redesign of the Marylebone and Regents Park area, which included plans for a garden city interspersed with villas and lakes. Although the ambitious proposal never reached fruition, the green spaces of the park can be seen from the spacious reception room, beckoning occupants on warm days. The ZSL London Zoo is just outside for little ones, with the bars and entertainment of Camden and leafy cafe culture of Primrose Hill a stones throw away.

A rare find in central London, the low built house provides all principal accommodation over two floors. With four bedrooms and three bathrooms covering 3,467 sq ft, the property also has storerooms and a garage. Regent’s Park and Camden Town Underground stations are located within walking distance, as are the shops, cafes and amenities of the high streets of Marylebone and St John’s Wood.

For a prime central property on one of London’s most exclusive terraces and an address to end all after-dinner postcode wars, the improvement in the property market and a reduced price is likely to tempt eager buyers. Money talks, and buyers respond to the siren call of a price reduction with pound signs in their eyes. But you already knew that, if ‘price reduction’ didn’t catch your attention, you wouldn’t be reading this article.

Gloucester Gate is marketed by Arlington Residential, and is offered at £4,950,000.

Property search

e.g. Oxford or NW3
Powered by Zoopla

Other Hampstead and Highgate property news

Home of the week: Room for all your earthly possesions in sought-after Hampstead enclave

An accommodating and beautifully presented, five-bedroom family house, set in the desirable South Hill Park Conservation Area.

Gardens: How best to stock your pond with fish

From picking suitable species to ensuring your pond is safe, Hannah Stephenson runs through some key points to consider before you start.

Hampstead Village to be home to first new build residential block in 20 years

Linton Group have announced Novel House in New End, with seventeen luxury apartments

West Hampstead area guide: shopping, restaurants, schools and transport links

Your guide to all the things to do in West Hampstead, including the best restaurants, shops, bars, cinemas and schools. Plus our guide to property in NW6

3 top properties you can buy or rent in West Hampstead

Here are three properties available to rent or buy in West Hampstead

Want to create a breeding ground for butterflies? You’ll need nettles and long grass

As the charity Butterfly Conservation celebrates its 50th anniversary, its garden expert Natalie Ngo explains how to help the beautiful insects thrive.

Benham & Reeves bought by fellow estate agent chain Dexters

North west London estate agent Benham & Reeves has been taken over by fellow estate agent chain Dexters.

Listed Property Awareness Week: Living in a house with legacy

With more than 5,600 listed buildings in the borough of Camden, many of which are homes, it’s important to know the challenges you face as an owner and how to deal with them. Listed Property Owners’ Club can help

Primrose Hill area guide: Enjoy shopping and eating out in an upmarket village atmosphere

Your guide to all the things to do in Primrose Hill, including the best restaurants, shops, bars, schools and things to do. Plus our guide to property in the area

Three top properties for sale/rent in Primrose Hill

All properties on the market with Goldschmidt & Howland; 020 7043 4433; g-h.co.uk

How to make a bird’s home a happy one

Planning to do your bit for National Nest Box Week? Experts

offer 9 tips to make sure you get the best nest boxes.

Looking for help to get on the ladder? Head to the First Time Buyer Home Show in Stratford for advice on schemes, developments and mortgages

Help is at hand for first-time buyers looking to buy their first home in London

The mortgage time bomb: What interest-only borrowers need to know

Did you know that some home owners could be at risk of losing their property for good - because they’ve ignored correspondence from their lender about how they plan to eventually clear their mortgage debt?

Home of the Week: Apartment in Phillipe Starck designed development

A stunning duplex apartment in The Yoo Building in St. John’s Wood.

How to revamp your bathroom by re-grouting tired tiles

Fancy tackling the job yourself? Follow Chloe Kent’s step-by-step guide.

Gardening: 5 ways to suceed with conifers

Conifers may have a reputation for being boring, but they add valuable colour and structure in winter. An expert offers five growing tips.

Home of the Week: Iconic house in Primrose Hill

This iconic Primrose Hill home, formerly known as The Rocking Horse House, has been beautifully remodelled.

Three great properties to buy in Dartmouth Park

Properties such as semi-detached and terraced Victorian houses with large gardens characterise Dartmouth Park’s streets

Dartmouth Park area guide: pubs, schools and family homes

Your guide to all the things to do in Dartmouth Park, including the best restaurants, pubs, schools and cultural activities in this corner of NW5. PLUS our guide to property in the area

Three great properties to buy in Hornsey

If you’re looking to move into or around the area, here are some ideas

Hornsey area guide: pubs, schools and family homes

Your guide to all the things to do in Hornsey, including the best restaurants, shops, pubs, schools and local history. PLUS our guide to property in the area.

Home of the Week: New build in Hampstead with panoramic views

Newly built property in Hampstead boasts 42ft entertaining room and its own roof terrace

5 issues landlords should consider in 2018

2017 saw a number of changes made to regulations governing the private rented sector and a record number of government consultations held in relation to letting in the UK, meaning there is plenty for landlords to consider and act upon in the new year.

Three great properties for sale in Little Venice

Grand stucco-fronted houses and large Georgian and Victorian brick constructions line the wide streets of Little Venice, whilst charming mews houses can be found on the cobbled street of Bristol Gardens. For the ultimate canalside location nothing can beat a narrow boat.

Little Venice area guide: Canalside lifestyle, cafés and bars, shopping, property and more

Your guide to all the things to do in Little Venice, including the best restaurants, shops, pubs, schools and things to do by the canal. PLUS our guide to property in the area

New two and three-bedroom homes in Hampstead reflect Arts and Craft architecture of area

Thirty nine new two and three-bedroom homes, influenced by the Arts and Crafts architecture of the area, have been launched in Hampstead.

Comment: How to set the asking price for your property

Simon Gerrard, MD of north London estate agents, Martyn Gerrard, offers advice on pricing your house to achieve the best possible result

What you should know about inheriting property

There’s much to consider when inheriting property, writes Fiona Brandhorst

Camden area guide: Market, food & drink, entertainment, property and more

Your guide to all the things to do in Camden Town, including the best restaurants, shops, pubs, live music venues and Camden Lock Market. PLUS our guide to property in the area

Most Read

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

2018 © Archant Community Media Ltd

Terms and conditions | Cookie policy | Jobs at Archant