Enough to make an Estate Agent Cry!

A central London vendor is hoping to save more than £400,000 in estate agency fees by selling his mansion online. The seven-storey property which requires updating in Belgravia has 18 bedrooms and 11 bathrooms, and has been valued at £24million, meaning around £430,000 in fees for a sale with an Estate Agency.

The owner however is choosing to save a fortune by instructing Manchester-based My Online Estate Agent. He has paid a one-off fee of £549, which covers someone visiting the house to take photographs, create a floor plan and write up an advert.

It then gets put on a number of property portals with the owner carrying out the viewings at Grosvenor Gardens himself. The asking price is believed to be a record for an online estate agency.

The Grade II listed mansion was built in the 1860s with accommodation arranged over seven floors. It boasts parquet flooring, original wood panelling, ornately decorated ceilings. There is a fully-fitted kitchen with marble worktop.

With 12,640 sq/ft of space, the mansion is around 14 times the size of the average UK home. At £24 million, it is 127 times more expensive than the typical £188,000 paid for home last month. 

Excerpt: Daily Mail