Britain’s most expensive fixer-upper has been put on the market for £50 million - and will need another £20 million spent restoring it. The Grade II-listed mansion has spent years in decline and is now a wreck, requiring a full refurbishment. But the terraced property sits in the middle of Central London's Mayfair, one of the most desirable locations in the world, and is expected to attract keen interest from billionaires. It could be transformed into one of the UK's finest city homes worth £100million after renovation.
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Exterior of property: London's most expensive fixer-upper has been put on the market for £50 million - and will need another £20million spent restoring it
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Prime location in Mayfair: The Grade II -listed mansion has spent years in decline and is now a wreck, requiring a full restoration
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Needs work: The property is in the middle of Mayfair, one of the world's most desirable locations, and billionaires are now preparing to battle over it
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Scaffolding outside: The super-rich are looking at mansions in the same way they see mega-yachts and are playing wealthy games on one-upmanship
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Top spot: The property is located near Green Park London Underground station - although it's unlikely the owners will ever need to use public transport
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Going up in the world: The Mayfair property is likely to attract much interest from potential buyers, despite the appalling state in which it is available
And this is how it could look following that £20million restoration...
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Swimming pool: The mid-18th Century home will boast seven palatial bedroom suites, eight state rooms, a leisure complex and private cinema when completed
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Work to do: The property could be transformed into one of the UK's finest city homes worth a staggering £100million after renovation
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Bedroom: There will an eight person lift, a mews home for guests or staff, a wine room, office, catering kitchen and a number of high security vaults
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New look: The property currently has listed Chinese wallpaper and silk wall mountings which will be removed and reinstated as part of the refurbishment
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Aerial view: When completed, the mansion will be worth £100million - and this value could double within the decade with prices expected to skyrocket in Mayfair
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Extravagant: Estate agent Wetherell, expects four types of people to look at the home - oil royals, African moguls, billionaires and property developers
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Relaxing: The home is thought to have been built after 1750 by John Phillips and George Shakespeare after entering an agreement with Lord Berkeley of Stratton
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History: Previous residents have included George Fieschi Heneage, MP for Lincolnshire (1836-1867), The Earl of Camperdown (1867-1918) and The Marquis of Anglesea
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From old to new: After World War Two, the property - like many in Mayfair - was converted to commercial use
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Mayfair's finest: The area is undergoing its biggest overhaul in 100 years, with these grand properties being converted back into homes for the super-rich
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Come outside: An artist's impression of how the garden at the £50million London property could look, with seating areas and parasols
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Plush: Artist's impression of the dining room at the mansion, with a fireplace to the left, chandelier above and deep windows at the back
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Walking through: Artist's impression of how a corridor or reception area could look at the property, with paintings on the wall and a marble floor
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Billiards table and globe: The property has been put up for sale with estate agent Wetherell for a jaw-dropping £50million
