Monday, April 7, 2008

21 years = £4million

The £130million stately home which comes with a squatter in the garden
A billionaire is planning to transform a vacant London stately house into the world's most expensive home - but can't evict a squatter who's been living there for the past 21 years. Harry Hallowes, 71, was awarded squatters' rights last year, which means he can continue living in his tent in the grounds. His small plot is now worth £4million.

Meanwhile, the tycoon will spend £80m building transforming the vacant Athlone House in Highgate, North London, into a stately home. Once finished, the land and building will be worth an estimated £130m.

Mr Hallowes says he's looking forward to meeting his new neighbor, who bought the home for £16m three years ago but has never lived in the 19th century building.

No comments: