St Albans' most expensive house drops in price to £5m

PUBLISHED: 07:30 12 December 2017 | UPDATED: 08:46 12 December 2017

53 The Park, St Albans - now on the market for £5m

53 The Park, St Albans - now on the market for £5m

Archant

The most expensive property currently on the market in St Albans has dropped its asking price by £1m to £5m.

The spacious kitchen/breakfast room leads out to the back gardenThe spacious kitchen/breakfast room leads out to the back garden

53 The Park was first listed for sale with an asking price of £6m back in June.

And while there’s been a massive amount of interest in the property – which boasts seven bedrooms, eight bathrooms, a cinema room, a steam room and a yoga/pilates studio – a buyer has yet to be found.

Steps from the granite patio area lead up to the rear gardenSteps from the granite patio area lead up to the rear garden

Selling agent Stuart Cassidy, of Cassidy & Tate, said: “The owner is a businessman and he can see the market has slowed down. He thought he would show that he is being proactive by amending the price down to £5m.

“What an amazing price reduction. Hopefully this will make a difference.”

The hydraulic car lift in actionThe hydraulic car lift in action

Cassidy & Tate decided to show off a couple of the property’s most unique features – its hydraulic car lift and huge basement garage – by organising a photo shoot with a fleet of prestige cars.

“We thought the public would appreciate that more than just an empty room,” Stuart said.

The basement garage can easily accommodate four snazzy motorsThe basement garage can easily accommodate four snazzy motors

The huge garage is one of the property's stand-out featuresThe huge garage is one of the property's stand-out features

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