Through the cut-price keyhole: Noel Gallagher, Mary Berry and Roy Keane are among the celebrities forced to slash millions off the price of their luxury mansions as Britain suffers its worst housing slump for 20 years
- Noel Gallagher has slashed the price of his five-bedroom semi with off-street parking from £11.5m to £8.95m
- Roy Keane has reduced the price of his eight-bedroom house in Hale, near Manchester from £9.5m to £6.45m
- While Mary Berry has slashed price on her 18th-century farmhouse in Buckinghamshire from £4m to £3.45m
With house prices dropping and desperate sellers tearing their hair out, Britain is facing its worst housing slump for 20 years.
And it’s not just affecting your average Joe. In times like these, make sure you also spare a thought for our poor celebrities.
It seems their palatial pads — decked out with extravagant rooms, landscaped grounds, pools, gyms and Jacuzzis — aren’t immune. And who can blame buyers? With a punishing 12 per cent stamp duty levied on properties over £1.5 million, you can expect to pay the Government an extra £1,113,750 when you splash out on a £10 million home.
So, which stars are suffering in the current market slump? Who has sold for a song or dropped their asking price, and who’s still holding out for top whack?
Here, LORRAINE FISHER reveals all…
Still on the market and open to offers
Noel Gallagher
Original price: £11.5m
New price: £8.95m
Noel Gallagher’s stucco-fronted five-bedroom semi, with off-street parking and a further one-bedroom self-contained mews house with a gym at the end of the garden has failed to sell
The substantial stucco-fronted period house overlooking the Regent’s Canal went on sale in 2016 for £11million, but is now being advertised for the ‘bargain’ price of £8,950,000. Pictured is the kitchen, which features stone worktops and a stainless steel table surrounded by low bar stools
The property has three reception rooms and four bathrooms, in addition to a separate one-bedroom annex at the bottom of the garden with another bathroom and a large gym. This is one of the sitting rooms on the first floor, which features some of the modern art on display in the house
Set in one of West London’s top locations — overlooking Regent’s Canal in Little Venice — Noel Gallagher must have been confident of a quick sale when he first put his house on the market for £11.5 million in 2016.
But the stucco-fronted five-bedroom semi, with off-street parking and a further one-bedroom self-contained mews house with a gym at the end of the garden, failed to sell and the rock star soon begged for Russian oligarchs to buy it.
But not even slashing the price to £8.95 million last year has helped shift the property, which he bought in 2010 for around £8 million.
Noel Gallagher (pictured) must have been confident of a quick sale when he first put his house on the market for £11.5 million in 2016
Roy Keane
Original price: £9.5m
New price: £6.45m
The former Manchester United star first put his stunning mansion up for sale in 2010 with an eye-watering £9.5 million price tag — a significant profit given that he paid £3.2 million for it just five years before.
But after failing to find a buyer, the 47-year-old and wife Theresa have put their eight-bedroom house back on the market for a more reasonable £6.45 million.
The property, in Hale, near Manchester, has 1.2 acres of landscaped grounds, an outdoor pool, and a tennis court.
The property (pictured), in Hale, near Manchester, has 1.2 acres of landscaped grounds, an outdoor pool, and a tennis court
The former Manchester United star (pictured) first put his stunning mansion up for sale in 2010 with an eye-watering £9.5 million price tag
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Mary Berry
Original price: £4m
New price: £3.45m
Even the prospect of cooking in the Queen of Baking’s kitchen has not tempted anyone to part with the £4 million Mary Berry first asked for her Grade II-listed Buckinghamshire home in 2017. The 18th-century farmhouse, set in four acres, has six bedrooms, a duck pond, a separate two-bedroom cottage, tennis court and wine cellars.
Mary and husband Paul Hunnings have already downsized to a £2.6 million four-bedroom place in Henley, Oxfordshire, and cut the price to £3.45 million last year. But still no sale.
The 18th-century farmhouse (pictured), set in four acres, has six bedrooms, a duck pond, a separate two-bedroom cottage, tennis court and wine cellars
Even the prospect of cooking in the Queen of Baking’s kitchen has not tempted anyone to part with the £4 million Mary Berry (pictured) first asked for her Grade II-listed Buckinghamshire home in 2017
Zayn Malik
Original price: £3.65m
New price: £3.5m
Zayn Malik sought sanctuary in this five-bedroom house when he broke fans’ hearts and left One Direction in 2015, but the pop star can’t hide from London’s falling house prices.
He bought the home in Barnet, North London, at the height of his fame in 2012 for £3.65 million, but last year put it on the market for £150,000 less than he paid.
Anyone who coughs up the £3.5 million can expect a third of an acre — complete with a Jacuzzi and external mood lighting — as well a ‘safe room’ on the first floor.
Anyone who coughs up the £3.5 million for Zayn Malik’s house can expect a third of an acre — complete with a Jacuzzi and external mood lighting — as well a ‘safe room’ on the first floor
Zayn Malik (pictured) sought sanctuary in the five-bedroom house when he broke fans’ hearts and left One Direction in 2015
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Sold for a song
Rod Stewart
Original price: £7.5m
Sale price: £4.725m
He once vowed to live in the Essex mansion for the rest of his life, yet in July 2016 Rod Stewart put his home of 30 years up for sale with a whacking price tag of £7.5 million. But by November that year, the singer had slashed £550,000 off the six-bedroom manor house. However, the Grade II listed property — in 25 acres, with tennis courts, a boating lake, football pitch, pool, stables and a two-bedroom cottage — still failed to sell.
Last year Rod and wife Penny Lancaster, who are selling up to move closer to their sons’ school, dropped the price even further — to £4,725,000. It worked — the house is now under offer.
The Grade II listed property belonging to Rod Stewart — in 25 acres, with tennis courts, a boating lake, football pitch, pool, stables and a two-bedroom cottage — has failed to sell
Rod Stewart (pictured) put his home of 30 years up for sale with a whacking price tag of £7.5 million
Tom Conti
Original price: £17.5m
Sale price: £11m
After more than three years on the market, actor Tom Conti finally sold his massive house — to director Tim Burton — this month, but not before dropping the price by an astonishing £6.5 million.
The Shirley Valentine star had asked £17.5 million for the five-bedroom pile in Hampstead, North London, in 2015 following planning disputes and complaints about neighbours.
He still made a handsome profit on the house — with a ballroom, minstrels’ gallery and cinema room. It cost him just £165,000 30 years ago.
Tom Conti asked £17.5 million for the five-bedroom pile in Hampstead, North London, in 2015 following planning disputes and complaints about neighbours
After more than three years on the market, actor Tom Conti (pictured) finally sold his massive house — to director Tim Burton — this month
Rio Ferdinand
Original price: £4.5m
Sale price: £3m
It was the family home when Rio played for Manchester United, in the footballers’ playground of Alderley Edge, Cheshire.
But when his career there came to an end and he moved to Queens Park Rangers in West London, Rio and wife Rebecca put the seven-bedroom home on the market for £4.5 million.
Despite boasting six bathrooms, an indoor swimming pool, a Jacuzzi and a gym, it failed to sell.
Rio, who lost his wife to cancer in 2015, cut the price to £2,999,500 and it sold last year. He now lives in London with his three children and fiancee Kate Wright.
Despite boasting six bathrooms, an indoor swimming pool, a Jacuzzi and a gym, it failed to sell. Rio, who lost his wife to cancer in 2015, cut the price to £2,999,500 and it sold last year
It was the family home when Rio (pictured) played for Manchester United, in the footballers’ playground of Alderley Edge, Cheshire
Will it be deal or no deal for Noel?
Noel Edmunds
Price: £2.65m
Noel Edmonds put his property on the market before he went into the celebrity jungle last year — but has yet to find a buyer. The elegant Grade II-listed Georgian mansion, which boasts seven bedrooms and a huge lake with a man-made beach, could be yours for £2.65 million.
The former Deal Or No Deal host bought the ivy-clad property, just outside Bristol, in 2007 for £2 million and lives there with his third wife, Elizabeth. Not only is it set in 15 acres, it boasts an orangery, large paddocks and also a one-bedroom cottage.
No asking price reduction yet.
The former Deal Or No Deal host, Noel Edmonds, bought the ivy-clad property, just outside Bristol, in 2007 for £2 million and lives there with his third wife, Elizabeth
Noel Edmonds (pictured) put his property on the market before he went into the celebrity jungle last year — but has yet to find a buyer
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