An unmodernised £6 million 12,550 sq.ft. mansion on a 0.53-acre plot, known as Park House, located on Hampstead Lane, diagonally opposite Kenwood House, reminiscent of ‘Springwood’, the New York “White House” owned by President Franklin D. Roosevelt, provides an outstanding refurbishment or rebuild opportunity with capital value uplift say sole selling agent Aston Chase.
Arranged over three floors and opening onto a rear garden bordered by mature trees, Park House provides eight bedrooms (all ensuite), reception hall, two reception rooms, study/library, family kitchen/breakfast room, indoor swimming pool, studio/games room, staff accommodation, double garage and additional off-street parking for up to seven cars. Aston Chase say that if Park House underwent a comprehensive refurbishment and modernisation project the transformed mansion could potentially be worth up to £20 million, similar in value to equivalent beautifully presented houses in the locality.
Alternatively, subject to the necessary planning consents, Aston Chase say that an owner could apply for planning permission to rebuild the house and remodel the plot. A basement could be added to create a mansion of up to 15,000 sq.ft., adding more entertaining spaces, a home cinema, gymnasium and health spa. An enlarged or new build house could potentially be worth up to £22.5 million estimate Aston Chase.
Mark Pollack, Co-Founding Director of Aston Chase said, “Park House provides an exceptional opportunity for a discerning buyer to purchase a mansion and plot fronting onto Hampstead Heath and Kenwood House for an extremely low entry price. Despite being unmodernised and outdated the mansion is in one of London’s most sought-after locations and residential addresses.
“The mature trees and planting shield the property from Hampstead Lane and the discreet gated entrance and driveway provide additional security and privacy. There are a range of compelling refurbishment, rebuild and expansion opportunities all of which could provide considerable capital value uplift to the property subject to the necessary planning consents.”
Park House was built c32 years ago in a Neo-classical and contemporary style strikingly similar to ‘Springwood’, the country “White House” in Hyde Park on the Hudson, New York, once owned by President Franklin D. Roosevelt.
Like ‘Springwood’ Park House has a brick front façade with central semi-circular pillared entrance portico, projecting side wings and large sash windows, whilst the rear façade is also similar to ‘Springwood’ with arched French windows along the ground floor opening onto a paved terrace overlooking the main lawn and gardens.
Inside Park House is arranged over ground, first and second floors with features including a striking entrance hall with triple height atrium rising from ground to top floor, two reception rooms with arched French doors opening onto the gardens, a study/library and family kitchen.
The Park House connections to President Roosevelt continue with the large conservatory containing a mosaic lined swimming pool and poolside bar, similar to the indoor swimming pool at The White House in Washington D.C. built in 1933 for President Roosevelt. After FDR the White House pool was used by President Kennedy for meetings with his mistresses, including Marilyn Monroe, before being converted into the Press Briefing Room in 1970 by President Richard Nixon who disliked swimming.
On the first floor of Park House are five bedrooms with both the principal and main guest suites having large bedrooms, walk-in dressing rooms and ensuite bathrooms with the principal suite opening onto a roof terrace shared with another bedroom. Two further bedroom suites on this floor open onto a terrace which sits above the semi-circular entrance portico. There are three further bedroom suites and a studio/games room on the top floor.
Aston Chase highlight that Hampstead Lane is lined with very substantial family residences situated on generously sized plots directly opposite the 790 acres of Hampstead Heath. Also located off Hampstead Lane are The Bishop’s Avenue, Winnington Road, Courtenay Avenue and Compton Avenue the five addresses providing some of the most sought after ultra-prime residential properties in Hampstead Garden Suburb and Highgate.
Park House is on sale with a guide price of £6,000,000 (freehold) via Aston Chase, for further information Tel: +44 (0)20 7724 4724 or visit www.astonchase.com
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