HOUSE OF THE DAY: Britain's Most Expensive Home Gets Price-Slashed By $52 Million

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heath hall
The Ability Group
After more than a year on the market with a price tag of £100 million ($158 million), the London estate called Heath Hall has failed to sell.

Now the owners have chopped £35 million ($52 million) off the price in hope that a wealthy royal or tycoon will bite, according to The Daily Mail.

Built for sugar magnate William Tate Lyle in 1910, the super-exclusive home on The Bishops Avenue had fallen into disrepair in recent years.

It was purchased in 2006 by property tycoon Andreas Panayiotou, whose development company The Ability Group restored the 40,000-square-foot mansion and surrounding gardens to their former glory. He poured some $63 million into the home before putting it on the market, according to The Daily Mail.

The Ability Group shared some photos of the restored estate.

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Heath Hall is set on two acres on one of the most exclusive streets in London.

Heath Hall is set on two acres on one of the most exclusive streets in London.

Source: The Ability Group

Built for a sugar magnate, the home has 17 bedrooms and garage space for 10 cars.

Built for a sugar magnate, the home has 17 bedrooms and garage space for 10 cars.

Source: The Ability Group

Let's step inside.

Let's step inside.

Buy this house, and you can count members of the royal families of Brunei and Saudi Arabia as your neighbors.

Buy this house, and you can count members of the royal families of Brunei and Saudi Arabia as your neighbors.

Source: The Ability Group

That's a solid oak staircase. All of the woodwork was completed in Italy and flown to London.

That's a solid oak staircase. All of the woodwork was completed in Italy and flown to London.

Source: The Ability Group

The dining room is simply massive.

The dining room is simply massive.

As are the bedrooms.

As are the bedrooms.

This one is about the size of a typical New York City studio.

This one is about the size of a typical New York City studio.

The bathrooms are exquisite. Materials include 12 types of marble, and 7 types of wood.

The bathrooms are exquisite. Materials include 12 types of marble, and 7 types of wood.

Source: The Ability Group

Like any mansion worth its weight, this one comes with a panic room (we're not sure this is it).

Like any mansion worth its weight, this one comes with a panic room (we're not sure this is it).

Source: The Ability Group

There are plenty of sitting spaces and offices as well.

There are plenty of sitting spaces and offices as well.

The garden room under the skylight is one of the prettiest rooms in the home.

The garden room under the skylight is one of the prettiest rooms in the home.

In the mood for a movie? Catch one in the home theater.

In the mood for a movie? Catch one in the home theater.

There are indoor and outdoor swimming pools at Heath Hall.

There are indoor and outdoor swimming pools at Heath Hall.

Source: The Ability Group

Who can afford to buy Heath Hall?

Who can afford to buy Heath Hall?

Meet The Richest Person From Every Major Country In The World >

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