Musician Ed Sheeran has bought properties neighbouring ones he already owns in order to head off complaints from neighbours about noise, a report in The Sun newspaper claims.
The newspaper says that
Sheeran has spent around £4m on two properties adjoining his existing £19.8m
home in north London,
plus a flat above a restaurant he owns in Notting Hill. It adds that Sheeran
owns around 22 properties worth around £44m in the UK
including a £2.8m estate in Suffolk.
The Sun quotes an
anonymous source who apparently told them: “Ed’s had neighbours grumbling about
noise before so when he got a chance to buy up the two houses next to his London home, he jumped at
“Ed has not only made a
wise investment but is limiting the chance of people grumbling about loud music
“He also decided to buy
the flat above his restaurant because that could have been a massive sticking
point for the business going forward.”
Over the years many
celebrities have become embroiled in bitter disputes with neighbours over noise
and other issues – indeed Sheeran himself is involved in an ongoing issue over
whether a pond on his Suffolk estate is actually a swimming pool. So some might
say that if you have the money to buy them out then it is a small price to pay
for being able to do as you like. However, whether it is really a good property
investment strategy is open to debate. Potentially it could even be a very
expensive way of losing money in property.
What is DealMakerz Prime?
In depth stories
Want to know the story behind Britain's latest property mogul? Why a company is going bust? Our coverage goes beyond run-of-the-mill news on key real estate issues.
High powered community
Our subscribers are made up of the most influential Founders and CEO's in UK property. Gain a competitive edge and get informed - read what they read.
Exclusive guest articles
Understand exactly what the most senior figures in UK property are thinking. Exclusive opinion articles from powerful real estate influencers that move markets.