Entire Bath crescent is put up for sale
Estate agents are beginning to market an entire crescent of grade one listed Georgian houses in Bath.
The Bath office of Savills is marketing 29 homes at 17 addresses in Somerset Place, which are going through a £60 million restoration programme due for completion in 2014.
Some of the nine individual five-storey townhouses are already on sale at between £2 million and £3 million, while there will also be 20 apartments created in the eight remaining properties.
Somerset Place, built between 1790 and 1820 and last used by Bath Spa University, was bought in February by the Strategic Iconic Assets Heritage Acquisition Fund.
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Savills says the crescent “has survived as something of a time capsule, full of original Georgian plasterwork, fireplaces and original detailing, in need of sensitive restoration and modern comforts.”
Residents buying homes there will be able to call on a dedicated on-site concierge team, looking after the properties, gardens and “purchasers’ every need.”
The apartments will range from ground floor maisonettes with gardens, to upper floor maisonettes with roof terraces.
Luke Brady, from Savills, said: “Somerset Place is a one-off. It’s rare that crescent properties come to the market and nowhere else offers you the choice of nine individual crescent houses with planning permission consented. Purchasers looking to buy these at a developers finish will enjoy all the fun parts of designing a property with none of the headaches. You could pay £20 million for a crescent house in Notting Hill or £2 million to £3 million for one at Somerset Place, with 100ft private gardens, I would consider great value for money.”
* For more homes news, see The Bath Chronicle’s 128-page Property supplement tomorrow