Friday, 19 Apr 2024

Michael Heseltine's previous property on sale for £28million

Six-storey Belgravia townhouse where Michael Heseltine launched Tory leadership bid that toppled Margaret Thatcher goes on sale for £28million

  •  Heseltine’s old prior six-bed town house sits on Chapel Street in the heart of London’s upmarket Belgravia 
  •  Property comes with 6 large bedrooms, a large garden, a gym with a spa, a cinema room, wine cellar and a lift
  • On the steps outside Heseltine said that he would race against Margaret Thatcher for leadership in 1990 
  • Famous Chapel Street once housed Beatles manager Brian Epstein before he died of an overdose in 1967

The Belgravia mansion where Michael Heseltine launched his Tory leadership bid that toppled Margaret Thatcher has gone on sale for £28 million.

The six-bedroom town house sits on Chapel Street in the heart of London’s upmarket Belgravia, moments from Knightsbridge. 

It was on the outside steps of the Georgian house that Lord Heseltine announced that he would take on then Prime Minister Margaret Thatcher for the leadership of the Conservative Party in 1990. 

Michael Heseltine’s Belgravia mansion where he plotted his leadership bid goes on the market for £28million, over twice as much as it was sold for in 2013

The six-bedroom town house sits on Chapel Street in the heart of London’s upmarket Belgravia, moments from Knightsbridge

The town house comes with six large bedrooms, a large garden, a gym with a spa, a cinema room, wine cellar and a lift

The house was first sold by Heseltine in 2013 for £11.5 million but the current owners have doubled its sale price 

MailOnline reported that Heseltine sold the house in 2013 for £11.5 million.

Land Registry documents obtained at the time revealed the new owner of the property was an off-shore company based in the British Virgin Islands, Terrace Development Agency 

According to the Rokstone estate agents the house has recently been refurbished to a ‘very high standard’ and the property’s original features have been modernised by the current owners. 

The town house comes with six large bedrooms, a large garden, a gym with a spa, a cinema room, wine cellar and a lift. 

The estate agent said that the current owners, who the Land Registry recorded as an off-shore company based in the British Virgin Islands, have refurbished the property recently

Chapel Street has been home to countless figures, including Brian Epstein, the manager of the Beatles during the 60s. Epstein overdosed and died in the house in 1967 after drinking and taking barbiturates.

The town house comes with six large bedrooms, a large garden, a gym with a spa, a cinema room, wine cellar and a lift

 Before he started his political careers, Michael Heseltine was a property developer. He then went on to found the Haymarket publishing company 

This property sits on Chapel Street- one of the most famous streets in London.

The manager of the Beatles, Brian Epstein, lived at Number 24 along the road and hosted numerous parties, including the Sgt Pepper album release shindig.

Epstein overdosed and died in the house in 1967 after drinking and taking barbiturates. 

The Sunday Times Rich List ranked Heseltine at number 311 with an estimated wealth of £264 million

Heseltine entered the cabinet in 1979 as Housing Minister and brought with him the Right to Buy scheme

This gave people living in council properties the opportunity to own their own houses

 The Sunday Times Rich List ranked Heseltine at number 311 estimating him to be worth £264 million.

Heseltine entered the cabinet in 1979 as Housing Minister and brought with him the Right to Buy campaign which gave people living in council property the opportunity to own their own houses. 

It is estimated that two million people, who wouldn’t have been able to afford the price of a home, became owners from his scheme.  

It is estimated that two million people, who wouldn’t have been able to afford a home, became owners from his scheme

Heseltine progressed through the Conservative Party, eventually becoming Prime Minister Margaret Thatcher’s Secretary of State for Defence

Heseltine claimed Thatcher refused free discussion among ministers, resigned and walked out of a Cabinet meeting in 1986. He announced his leadership bid against the prime minister in 1990 on the steps of the property, beat Thatcher in the first polls but then lost to John Major who later became PM

Later becoming the Secretary of State for Defence under Margaret Thatcher, Heseltine went public over a cabinet dispute regarding Britain’s last helicopter company and possible mergers. 

Heseltine claimed Thatcher refused free discussion among ministers, resigned and walked out of a Cabinet meeting in 1986. 

He announced his leadership bid against the prime minister in 1990 on the steps of the property, beat Thatcher in the first polls but then lost to John Major who later became PM.  

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