The recession does have its good points. Say, for instance, the drop in prices of various homes and mansions, making them affordable to those who have saved during this tough credit crunch. Here is just another example of a beautiful mansion that has suddenly become affordable to many billionaires after its price came down from £55million to £45million ($65.5 million) in just a year. Named the Hugh House (after Hugh Grosvenor, 2nd Duke of Westminster), this elaborate mansion in Belgravia has definitely found many buyers.
This six-storied beauty in Eaton Square is definitely a lavish affair. A huge Marble entrance hall awaits every prospective buyer as he looks around this European beauty with an area of 15,500 sq ft. Three interconnected drawing rooms occupy the first floor, and there is also one floor reserved exclusively for the master bedroom. The remaining five bedrooms are located on the floors further above.
And of course, there is a lift to make sure you don’t get tired of climbing to your bedroom every day. And here is some more trivia on the beautiful house. On top of the elbow room, there are also associations with one of the Jazz Age’s big spenders, Hugh Grosvenor, more famously known as Coco Chanel’s boyfriend, but it is unclear whether the couple spent time at this address. It also boasts of a bomb-proof front door and various other reinforcements installed by its former owner Lily Safra. It even has a Library that boasts of fake books! Overall a beauty, the only thing that requires any improvement is the kitchen in the basement.
A house that has played host to various guests, including big names like Elton John, will definitely find many buyers.