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Inside the rented townhouse setting tenants back more than £500,000 PER YEAR

  • <p>Estate agents say 50 Cumberland Terrace, in Regent’s Park, London is worth around £16.5 million – a whopping 75 times the price of the average home in England and Wales. </p>
    1/12

    Terrace

    Estate agents say 50 Cumberland Terrace, in Regent’s Park, London is worth around £16.5 million – a whopping 75 times the price of the average home in England and Wales.

  • <p>The five-bedroom townhouse has been put on the rental market for a super-wealthy tenant costing more than £500,000 a year. </p>
    2/12

    Towering

    The five-bedroom townhouse has been put on the rental market for a super-wealthy tenant costing more than £500,000 a year.

  • <p>Estate agent Rokstone says it is the first luxury home in the area which has been refurbished purely with the aim of being rented out rather than sold. It will cost the tenant £10,000 per week. </p>
    3/12

    Palatial

    Estate agent Rokstone says it is the first luxury home in the area which has been refurbished purely with the aim of being rented out rather than sold. It will cost the tenant £10,000 per week.

  • <p>Number 50 was bought by its curent owner in 2014 and, over the past three years, it has undergone a meticulous refurbishment. </p>
    4/12

    Comfort

    Number 50 was bought by its curent owner in 2014 and, over the past three years, it has undergone a meticulous refurbishment.

  • <p>The main reception room and separate dining room on the upper ground floor has grand proportions, cornicing and parquet flooring, opening onto a patio. </p>
    5/12

    Dining room

    The main reception room and separate dining room on the upper ground floor has grand proportions, cornicing and parquet flooring, opening onto a patio.

  • <p>The family kitchen/breakfast room is located on the ground floor, with glass windows looking into the atrium space below, creating a contemporary open-plan ambience within the historic building. </p>
    6/12

    Modern kitchen

    The family kitchen/breakfast room is located on the ground floor, with glass windows looking into the atrium space below, creating a contemporary open-plan ambience within the historic building.

  • <p>There is a family/third reception room on the lower ground floor opening on to a double-height atrium space. </p>
    7/12

    Split level

    There is a family/third reception room on the lower ground floor opening on to a double-height atrium space.

  • <p>Becky Fatemi, managing director of Rokstone, says: “There are other palatial homes on the market, but they are the result of ‘accidental landlords’ who would ideally like to sell their home, not a strategic rental investment model.” </p>
    8/12

    Bedroom

    Becky Fatemi, managing director of Rokstone, says: “There are other palatial homes on the market, but they are the result of ‘accidental landlords’ who would ideally like to sell their home, not a strategic rental investment model.”

  • <p>Fatemi adds that this property is “bound to help set a new trend in the luxury lettings market”. </p>
    9/12

    Big bedroom

    Fatemi adds that this property is “bound to help set a new trend in the luxury lettings market”.

  • <p><span>Olivia McSweeney, Rokstone head of lettings, says: </span>“This magnificent Cumberland Terrace property has been cleverly reconfigured for the modern tenant with formal and informal reception areas and stylish bedroom suites.” </p>
    10/12

    Bathroom

    Olivia McSweeney, Rokstone head of lettings, says: “This magnificent Cumberland Terrace property has been cleverly reconfigured for the modern tenant with formal and informal reception areas and stylish bedroom suites.”

  • <p>Stamp duty costs for high end London properties mean that for many wealthy families looking to stay in the capital for less than three years, renting – even at £10,000 a week – is a more affordable option than buying. </p>
    11/12

    Big spaces

    Stamp duty costs for high end London properties mean that for many wealthy families looking to stay in the capital for less than three years, renting – even at £10,000 a week – is a more affordable option than buying.

  • <p>The terrace of mansion-townhouses was completed in 1826 and has always been one of the most prestigious addresses in London. Grade I listed Cumberland Terrace was designed by Royal architect John Nash to provide magnificent homes for the family and friends of HRH The Prince Regent. (All pictures: Rokstone/SWNS) </p>
    12/12

    Impressive

    The terrace of mansion-townhouses was completed in 1826 and has always been one of the most prestigious addresses in London. Grade I listed Cumberland Terrace was designed by Royal architect John Nash to provide magnificent homes for the family and friends of HRH The Prince Regent. (All pictures: Rokstone/SWNS)

<p>Estate agents say 50 Cumberland Terrace, in Regent’s Park, London is worth around £16.5 million – a whopping 75 times the price of the average home in England and Wales. </p>
<p>The five-bedroom townhouse has been put on the rental market for a super-wealthy tenant costing more than £500,000 a year. </p>
<p>Estate agent Rokstone says it is the first luxury home in the area which has been refurbished purely with the aim of being rented out rather than sold. It will cost the tenant £10,000 per week. </p>
<p>Number 50 was bought by its curent owner in 2014 and, over the past three years, it has undergone a meticulous refurbishment. </p>
<p>The main reception room and separate dining room on the upper ground floor has grand proportions, cornicing and parquet flooring, opening onto a patio. </p>
<p>The family kitchen/breakfast room is located on the ground floor, with glass windows looking into the atrium space below, creating a contemporary open-plan ambience within the historic building. </p>
<p>There is a family/third reception room on the lower ground floor opening on to a double-height atrium space. </p>
<p>Becky Fatemi, managing director of Rokstone, says: “There are other palatial homes on the market, but they are the result of ‘accidental landlords’ who would ideally like to sell their home, not a strategic rental investment model.” </p>
<p>Fatemi adds that this property is “bound to help set a new trend in the luxury lettings market”. </p>
<p><span>Olivia McSweeney, Rokstone head of lettings, says: </span>“This magnificent Cumberland Terrace property has been cleverly reconfigured for the modern tenant with formal and informal reception areas and stylish bedroom suites.” </p>
<p>Stamp duty costs for high end London properties mean that for many wealthy families looking to stay in the capital for less than three years, renting – even at £10,000 a week – is a more affordable option than buying. </p>
<p>The terrace of mansion-townhouses was completed in 1826 and has always been one of the most prestigious addresses in London. Grade I listed Cumberland Terrace was designed by Royal architect John Nash to provide magnificent homes for the family and friends of HRH The Prince Regent. (All pictures: Rokstone/SWNS) </p>
Mark Dorman

If ever there was a story to illustrate just how mad Britain’s property market is, then this is it. A five bedroom home in this parade of townhouses in London’s exclusive Regent’s Park area has been put on the rental market – for £500,000 a year.

The new tenant will expect a lot for his or her £10,000 a week – and the Grade I-listed, newly refurbished property certainly delivers.

Becky Fatemi, managing director of agents Rokstone, said this was the first refurb carried out specifically to attract a super wealthy renter and will set a “new trend” in the luxury lettings market.