Press Release: Princess Diana's 50,000 London flat would now be worth 2.5 million
Fri 01 Jul 2011
Lady Diana Spencer was handed the keys to a London flat by her mother on July 1st 1979 and had she, or her estate, kept it the apartment would be worth 50 times the price Diana paid 32 years ago.
Marsh & Parsons are marketing a similar flat in the mansion block at Coleherne Court, Brompton Road, Chelsea for 2,495,000. Like Dianas it has three well proportioned bedrooms, high ceilings, 24 hours security and access to the communal gardens below.Diana would have been 50 on the 1st of July and had it been kept in the family the flat would now be worth 4,890% more than she paid four-and-a-half times the increase for properties elsewhere in London.
The then 18-year-old kindergarten teacher who shared the property with three friends was able to buy the flat for 50,000 thanks to a legacy from her great-grandmother Fanny Works.
It was while resident at the flat that her courtship with Prince Charles became apparent and photographers plagued her ever move and the address No: 60 Coleherne Court featured across the world.
Over the last 32 years the red brick mansion block has performed remarkably. Dianas flat sold for 185,000 in June 1985 and would now be worth an astonishing 2,395,000 more than she paid for it, and 2,310,000 more than the flat was sold for in 1987.
Peter Rollings, CEO of Marsh & Parsons, said: "The Royal Borough of Kensington and Chelsea has been one the most sought after locations in the UK for decades, and prices have been rising accordingly. In recent years, the demand for property here has contrasted with a shortage of stock driving prices upwards. The flat we are selling is a substantial lateral family apartment on the third floor. Its prime Central London with good transport connections. In short it ticks all the boxes."
For further information on the flat for sale, please click here.
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For further information please contact:
The Wriglesworth Consultancy
0207 427 1400
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 15 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons are an independent and professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.