John Caudwell, founder of
Phones4U, property mogul and philanthropist has bought a third mansion in London to add to the two
others he already owns.
Press reports say that Caudwell has bought Doughty House in Richmond Hill, which has previously been described as a ‘private palace’ and a ‘castle in London’. The property has been the subject of a redevelopment project. It extends to 38,000 sq ft, has ten bedrooms, extensive public rooms including a dining room to seat 200 people and features a garden with a reflecting pool said to be inspired by the one at Chatsworth House in Derbyshire.
Caudwell already owns two
mansions: A Jacobean country house in Staffordshire said to be worth £12m and a
property in Belgravia which is currently
undergoing redevelopment with estimates saying it could be worth £250m on
Press reports are unclear as to Caudwell’s reason for buying the new mansion, with some saying he intends to use it himself with others suggesting it is an investment purchase.