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Couple Lists Restored Victorian Water Tower in England for Over £3 Million
Sentiment: NeutralHigh Priority
What Happened?
A couple has put their restored Victorian water tower in Lymm, England, on the market for over £3 million. The property underwent a seven-year renovation, transforming it into a unique family home.
Key points
- The Lymm Water Tower was purchased for £138,000 in 1997.
- The seven-year restoration was completed in 2004, costing approximately £830,000.
- The property features five bedrooms, four bathrooms, and a rooftop hot tub.
- Telecommunications equipment generates about £75,000 annually in rental income.
- The tower was originally built around 1870 as part of the area's water supply.
Key insights
- The property’s unique design may appeal to buyers looking for distinctive homes.
- The established rental income stream could attract investors seeking additional revenue.
- The tower's historical significance adds value beyond its modern features.
Why it matters
The sale of this unique property could attract buyers interested in historic homes with modern amenities.
Tags
Entities
Lymm Water Tower· LocationRussell Harris· PersonJannette Harris· PersonJulian Baker· PersonChannel 4· OrganizationRoyal Institute of British Architects· OrganizationGrand Designs· Event
Source
Times of India
