An historic home near Regent’s Park which has undergone an extensive two-year transformation has been described as London’s first ever prime ‘refurb-to-rent’ development.
50 Cumberland Terrace is a purpose-built home designed for wealthy tenants, spanning five bedrooms and 4,643 square-ft.
If it were up for sale, agents have estimated that the Grade-I listed townhouse would be priced in the region of £16.5 million, but instead, the extensively refurbished home has been specifically designed for the luxury rental market and is currently available to rent for £10,000 a week.
Originally designed by renowned architect John Nash, the historic property – which has recently undergone a meticulous renovation project – was initially built as a home to the Prince Regent in 1826, before later being used as an embassy and then reimagined again as a luxury home.
Becky Fatemi, Managing Director of Rokstone Estate Agents, said: “This is the first purpose-made refurb-to-rent mansion-townhouse to be launched in Regents Park, and one of the first of its kind in the wider London marketplace.
“There are other palatial homes on the market, but they are the result of ‘accidental landlords’ who would ideally like to sell their home, not a strategic rental investment model,” she explained.
“The build-to-rent and refurbish-to-rent model has tackled the student and volume housing market, but this newly refurbished house is bound to help set a new trend in the luxury lettings market, and I’m sure this new rental-residence will be followed by other refurb-to-rent mansions.”
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