The Irish Government Seized The Most Expensive House In England After Its Owner Defaulted On $80 Million Mortgage


Photo: Courtesy of Updown Court

Ireland’s National Asset Management Agency just seized the most expensive home on the UK real estate market after its owners were unable to make good on an $80 million mortgage, according to The Daily Mail.The mega-mansion, named Updown Court, is located just 25 miles outside of London and was recently listed for $123 million.

Owner Leslie Allen-Vercoe put the house on the market six years ago but has been unable to find a buyer, according to The Daily Mail. When contacted by reporters, Allen-Vercoe said he had no knowledge of the bank’s plans to put the estate into receivership.

The mortgage was reportedly provided by Irish Nationwide, which transferred many of its loans to the Irish government after it collapsed during the financial crisis.

Set on 58 acres of land, with 50,000 square feet of space, Updown Court is larger in size than both Buckingham Palace and Hampton Court Palace.

The behemoth home has five swimming pools, a $6 million marble heated driveway, a squash court, home theatre, bowling alley, panic room, and much more.

The home is 50,000 square feet

And it's on 58 acres of land

It has an eight-car garage, each one large enough for a limousine

Beautiful marble staircase

Stunning entrance way

Marble floors throughout the house

One of the five pools

Another one of the five pools; this one is inside

Private, gated entrance

One of the many bathrooms

Floor-to-ceiling windows

A foyer area on the penthouse level

The bowling alley

An aerial view of the estate

Skylight at the very top of the winding staircase

Another bathroom, full marble

An overhead vie of the foyer

The ceiling looks like a night sky

Elaborate detailing everywhere

Plan of the property

Want more? Take the video tour:

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