Elle Macpherson drops asking price of Notting Hill home by ?2m after failing to find a buyer

Model Elle Macpherson has been forced to slash the asking price of her Notting Hill home by ?2m after failing to sell it for more than a year.
The 45-year-old mother of two put the seven-storey, Grade II-listed property on the market for ?9.5m last summer.
The price was dropped to ?8.95m on the advice of agents Bective Leslie Marsh in January.
Now Ms Macpherson has switched to rival agency Savills and lowered the price again to ?7.5m — a 21 per cent reduction on the original cost.
The Australian model bought the house close to the top of the market in November 2006 following the break-up of her relationship with hedge fund multi-millionaire Arpad ‘Arki’ Busson, the father of her two children Arpad Flynn, 11, and Aurelius Cy, six. Mr Busson is now engaged to Hollywood star Uma Thurman.
The Victorian property, built in the 1850s, has six bedrooms, five bathrooms and a 36ft-long kitchen.
Ms Macpherson spent tens of thousands of pounds restoring several of its original features and redesigning the interior.
Since splitting from Arpad in July 2005, Ms Macpherson, who was previously married to fashion photographer Gilles Bensimon, who she divorced in 1989 – has been romantically linked to British actor Ray Fearon, American property investor Jeff Soffer and Australian restaurateur David Evans.
The supermodel-turned-businesswoman is reported to be worth around $60 million after a series of successful ventures.
source: dailymail.co.uk

Add comment June 9th, 2009