Bishop Makes £4.5m Profit From Mansion Sale

Comedian John Bishop has sold his Cheshire mansion under the HS2 high speed railway Need to Sell scheme, it is reported.

It is said that Bishop was reluctant to sell the property, and is opposed to the development of HS2, but felt left with no option as it is planned the new high speed rail line will run 150m from the property.

Bishop is said to have received £6.8m for Grade II listed Whatcroft Hall near Davenham, which he purchased for £2.25m in 2011. This is said to be the largest sum paid for a residential property todate under the Need to Sell scheme.

While many people would relish the opportunity to make a £4.5m profit from a property purchase in just seven years it only serves to illustrate the huge cost – and implications for the property market – that HS2 involves. Some critics believe that the Birmingham-Manchester section of the line, which Bishop’s property has been purchased in connection with, may never actually go ahead.

Source Mail Online
You might also like