Property wishlist: What to buy with £5million
PUBLISHED: 10:35 24 December 2015
Inara Prusakova www.vipfoto.lv
With £5million those lucky north London property experts really had something to play with. Most choosing to invest in a really plush personal residence but there were some lavish holiday homes and canny investments on the cards too
Vivienne Harris, Heathgate
I don’t think I’d go all out and have the very grand house because I don’t think I really need it so I’d move to this fab flat on West Heath Road with porter, indoor pool and underground parking. It has great views and a lovely west-facing terrace – upgrading my current property within the same area. I’d invest the rest of the balance into three or four one and two-bedroom flats in north west London as investment properties. Of course, you could take loans on them so you could probably even buy 10. It’s a good way of creating some security of income, even with the tax changes for landlords.
Henry Pryor, buying agent
For £5million (or slightly less once I have gone to work on the seller!) I’d like this classic London home that will hold it’s value well and even when I’m old and even more grumpy it will provide a haven in the most wonderful, vibrant city in the world.
Nick Collins, Hadleigh Residential
I don’t particularly want to move house so I’d have holiday homes in Devon and maybe somewhere abroad somewhere easy to get to – a Greek island perhaps. I’d probably have a bit of money left over so I might offer that to a neighbour to give me a bit of their garden.
Chris Cooper, Benham & Reeves, Hampstead
I’d buy this property on Tanza Road, NW3, a perfect rental investment. It’s a whole house which has been recently converted into three stunning flats and refurbished to a very high standard, all with views directly over the Heath. With good tenants, nothing would need to be spent for many years and it would be an excellent income producer and a beautiful place to live for my happy tenants.
Deborah Battsek, property PR
With £5million it would be a three-bedroom lateral apartment in one of the Nash terraces in Regent’s Park for my mum and stepfather. The apartment would have high ceilings and spectacular views across the park.
Trevor Abrahmsohn, Glentree Estates
For £5million, I would move to a larger house with larger grounds in ‘tip top’ condition or spend part of the money totally rebuilding my current home. If I were to pick a specific property to move to, it would have to be the Grove Villas in Highgate.
Ricky Dengel, Sandfords Primrose Hill
I would buy a family house to live in located in Primrose Village, one that would ideally require work. It’s such a beautiful place and I would love to live here in a house I have put my personal stamp on.
The Inhouse Way, Property PR agency
I would spend the whole lot on a brand new house to live in, like this one on Chagford Street in Primrose Hill, which includes luxuries like a sauna, aromatherapy, massage jets, and an oil burning fire place. Further luxuries include Italian fitted wardrobes, triple glazed German windows, LED lights throughout the house and fitted speakers to bedrooms, kitchen, reception rooms pool area and spa.
Yonni Tahor, Benham & Reeves West Hampstead
A holiday home in LA. Every Christmas I try to visit my family friends in Lake Forest (a city in Orange County) where they moved around five years ago or so and their home is perfectly located backing onto this gorgeous lake. Each morning you wake up to the most stunning views: swans in the lake, neighbours eating their breakfast on their boats and the sound of nothing, just peace and quiet. In the evenings we’ll grab some blankets and hot chocolates and take their boat out, go round the lake and simply admire their neighbours’ new Christmas decorations (some go pretty wild). I’m not sure on prices but I’d happily part with £5million to experience that every day!
Joseph Winter, Londonewcastle
A penthouse flat in Londonewcastle’s Queen’s Park Place. Any discerning buyer would view one of the flats as a great investment, offering contemporary architecture and sophisticated interiors within an up and coming location.
Matt Gibberd, The Modern House
If I had £5million I would approach our client at the early 1960s John Winter House on Swains Lane, which we sold to him a couple of years ago. John Winter knew Charles and Ray Eames, and his house is one of the few in London that stands comparison with the best mid-century houses in America.
Mark Sumray, Benham & Reeves, Highgate
I’d buy Highfields Grove a stunning house tucked away yards from the Heath and Highgate ponds and set in beautiful mature gardens. The only problem is we sold it earlier in the year and houses like this are very hard to find.
Philip Green, Goldschmidt & Howland
I would buy Montrose house a stunning period home from c.1830 opposite the Heath with wonderful period features, substantial gated parking and a really special modern extension with great volume and light. It’s a fabulous home for any family, a must have. Sure, I’ve gone a bit over budget, but as I love it, I may pay more to get it.