Baroness Thatcher’s Belgravia house is to go on the market for as much as £35 million when its developers finish a huge refurbishment, the Standard has learned.
The Chester Square home of the former prime minister is being turned into a 7,000 sq ft house by joining it up with the mews property behind and digging under to create two basement floors.
Local agents say the “blue plaque effect” of the Thatcher connection could add millions of pounds to the amount a property trophy hunter from the US or the Middle East would be prepared pay.
“There is no other property that can boast it was the final family home of the Iron Lady,” said one surveyor.
A smaller neighbouring house on Chester Square — with five-bedroom suites, cinema, gym and steam room — recently went on the market for £25.5 million.
Work on Lady Thatcher’s former home, which became a local landmark because of its round-the-clock police guard, is not expected to be finished until next summer. But local agents say there have already been bids, Standard informs.
