Converted church in Knightsbridge has its asking price cut by £11 million during the coronavirus lockdown; its price is still 340% higher than it sold for in 2003
In December, we featured the launch to the market of a £55 million property in Walton Street, Knightsbridge. Now, in the midst of London’s coronavirus lockdown, just three months later, that price has been cut by the staggering sum of £11 million.
St Saviour’s House, as it is now known, forms one thirds of a church and its conversion to a 12,102 square foot house did not delight everyone. Of it, back in 2001, The Telegraph’s Anne Atkins went as far to say: “[It is a] ghastly temple to Mammon… It is so awful I hardly know where to begin… Not my idea of a cosy home… Hideous and tacky… I tried to imagine living with this… The monstrosity of it… Vile.”
Knight Frank, who remain the selling agents, plainly still think otherwise and now market what they describe as an “extraordinary seven bedroom home” for £44 million. Referencing the pandemic directly, they add: “Owing to our commitment to keep both our colleagues and clients safe during this period of recommended isolation, we have many self-serve viewing options available to you. These include video walkthroughs, 360 virtual reality viewings and enhanced comprehensive photography.”
To see more pictures of this most curious conversion, click here.
The Numbers – St Saviour’s House, Walton Street, Knightsbridge, London, SW3 1SA
April 2020 – Reduced in price to £44 million ($54 million, €50 million or درهم198 million).
December 2019 – For sale for £55 million ($73 million, €66 million or درهم269 million).
April 2014 – Sold to a Saudi businessman for £41 million ($55 million, €49 million or درهم201 million).
2009 – Sold to a Thai businessman for £13.5 million ($18 million, €16 million or درهم66 million). An additional £10 million ($13.3 million, €12 million or درهم49 million) was spent on redevelopment.
2003 – Bought by lyricist Alain Boublil for £10 million ($13.3 million, €12 million or درهم49 million).
1998 – Half the church and the church hall sold by the Diocese of London for about £1.2 million ($1.6 million, €1.4 million or درهم5.9 million) for conversion into two dwellings. The central portion of the building retained as a place of worship.
1837 – Plot on which entirety of St Saviour’s Church now sits sold for £300 or the equivalent of £33,000 today ($44,000, €40,000 or درهم162,000 today) to the Metropolitan Church Fund.