Entire Grade I listed crescent for sale through Savills Bath
29 May 2012
For the first time in 200 years, an entire Georgian Grade I listed crescent is being beautifully restored, crescent houses are now available to buy through Savills.
The Bath office has been appointed to market an entire Grade-I listed crescent in Bath. Somerset Place was purchased in February 2012 by a single owner, the Strategic Iconic Assets Heritage Acquisition Fund. After years of institutional use this world-class landmark entered a £60 million period of restoration this month which will see the complete crescent reborn as a series of luxury residences. The development will comprise a number of elegant crescent houses lateral apartments and mews houses, and is due for completion in 2014.
The city of Bath was inscribed as a World Heritage site in 1987. Designed by John Eveleigh and constructed between 1790 and 1820, Somerset Place represents an important part of its heritage. Very few crescent houses ever come up for sale, so an entire crescent is quite an event. Previously owned by the University, the crescent has survived as something of a time capsule, full of original Georgian plasterwork, fireplaces and original detailing, in need of sensitive restoration and modern comforts.
Once completed Somerset Place will offer a dedicated on-site concierge team, catering for the estate, gardens and purchasers’ every need, providing the convenience of modern day living in a Georgian Grade I listed property. There are nine crescent houses in total, a number of which have been released to the market by Savills at a developers finish. Owners then have the opportunity to design the property's interior to match their particular tastes. Accommodation ranges from 3,100 to 5,700 sq ft. and prices are starting from circa £2 million for crescent houses purchased to a developers finish and once fully completed are expected to fetch circa £3 million.
The crescent will also include a number of apartments, each with a Grade 1 listed facade but with a flexible internal configuration. The floor-plates vary, from ground floor maisonettes with beautiful gardens, to upper floor maisonettes with roof terraces and lateral apartments with large windows and plenty of light.
Somerset Place set in an elevated location commands fine south and westerly views of the city and its surroundings, emulating the style and sinuous line taken by nearby Lansdown Place. Set above the hubbub of busy tourists with its own private parking, its positioning makes it perfect for commuters with excellent links to the M4, as well as ideal for families who will enjoy access to some of Bath’s top local private schools.
Luke Brady, from Savills Bath said:
“Somerset Place is a one off. It’s rare that crescent properties come to the market and nowhere else offers you the choice of 9 individual crescent houses with planning permission consented. Purchasers looking to buy these at a developers finish will enjoy all the fun parts of designing a property with none of the headaches. You could pay £20 million for a crescent house in Notting Hill or £2-£3 million for one at Somerset Place, with 100ft private gardens, I would consider great value for money.”
Savills Berkeley Square
+44 (0) 1225 474 501