Formula One driver Lewis Hamilton has bought a six-bedroom mansion in Kensington, west London for £18 million.
Hamilton, who is on the verge of signing his next Mercedes contract, managed to knock almost £2 million off the price after owners Burberry chief designer Christopher Bailey and his husband, actor Simon Woods, originally priced it at £19.85 million.
The house was bought by the Goldsmith Family Trust for £5 million in 2002. Ben and Kate Goldsmith lived there before the property was put on the market for £20 million in 2012 after their acrimonious split. Kate continued to live in the home while she dated the hip hop star Jay Electronica.
Bailey and Woods shared the home since 2013.
Described as a “unique detached villa”, the property has more than 5,628s q ft of space. It has six bedrooms and four reception rooms, with two bathrooms across four floors.
There is also a summer house and ample parking – ideal for the four-times world champion whose next Mercedes contract which could make him Formula One’s first £45 million driver.
The property, built by the famous builder Samuel Johns in 1860, has a large open kitchen and “generous entertaining space”, which opens out into a 200 ft garden.
Numerous renovations have taken place in the property over the years, increasing its size and turning it into a family home. The detached house enjoys many period features, including cornicing and chimney pieces, and is filled with traditional furniture.
Holland Park and Kensington High Street are within walking distance.
Hamilton currently earns £32 million a year and became the fifth driver in Formula One history to reach the four-championships landmark when he clinched the title in Mexico in October.
This year’s Sunday Times Rich List put his personal wealth at £131 million.
It remains unclear whether the 32 year-old, who also has flats in Monte Carlo and New York worth a combined £34 million – will live in the property.
Hamilton came under fire when the Paradise Papers revealed he was given a £3.3 million VAT refund on his £16.5 million private jet after the aircraft was imported into the Isle of Man in 2013. Any private jet purchased outside the European Union is subject to 20% VAT, in order to move freely around the continent.
Under UK and EU legislation he would have been entitled to a VAT rebate on the jet if it was to be used purely for business purposes. However, the documents suggest that around a third of Hamilton’s journeys were for private trips.
A spokesman for the 32-year-old Mercedes driver said the deal was above board and that “the matter was now in the hands of his lawyers”.
DealMakerz thinks Hamilton has bought himself a rather nice pit-stop for when he’s entertaining guests in London.
With six bedrooms, it’s certainly big enough to showcase all his F1 trophies.
We wouldn’t be surprised if he gives it a bit of a revamp with modern furnishings and design.