Despite — or because of — continuing uncertainty over the UK's membership of the EU, London's house prices show no sign of deflating. The latest evidence is the appearance on the market of an eight-bedroom terrace in Wimpole Street, Marylebone, which is all yours for the modest sum of £14.95m (€19m) - despite being miles from the nearest Lidl.
To be fair, the property does have several unique selling points (USPs) in its favour: there's the two-bedroom adjoining property round the corner in Dunstable Mews, for instance, perfect for banishing one's more embarrassing guests or ensuring the hired help is at your beck and call yet safely off the premises. There's also the cultural factor: the home once belonged to linguist expert Professor Horace Hayman Wilson, who inspired the character of Prof. Henry Higgins in George Bernard Shaw's play Pygmalion — later updated as the 1964 film My Fair Lady with Audrey Hepburn.
However it would be unfair to claim the house, expensive though it is, is so valued because of its historical interest and convenience to Regent's Park. According to high-end estate agent Rokstone, the property "benefits from high ceilings throughout, a lift, garage, outside space, and grand proportions." At 10,040 sq ft, the home is also pretty big by London standards.
Becky Fatemi, Managing Director of Rokstone, said: "This magnificent Marylebone townhouse and mews has an interesting history, and provides outstanding accommodation. The property is perfect for a large extended family wanting a sizeable London home with space to entertain. In this part of Marylebone it is very rare for a large family house of this size and proportions, with substantial frontage and depth, to become available for sale on a freehold basis."
However, for first-time buyers in the capital hoping to get a foot on the ladder, the property is another reminder of how skewed the housing market has become. According to Rokstone, a 25-year deposit-free mortgage on the property at an annual interest rate of 4.75% will set you back a monthly payment of £85,232.55.
According to The Mirror that's enough to buy you two houses in Burnley — one for you, the other for the hired help. All that - plus a Lidl on your doorstep.