Home / Arts and Entertainment / Beckhams' "Beckingham Palace" Sells for £11.35M
Beckhams' "Beckingham Palace" Sells for £11.35M
12 Sep
Summary
- The Beckhams bought the Hertfordshire home in 1999 for £2.5 million.
- They reportedly spent £3 million on renovations before selling.
- The property sold in 2014 for £11.35 million to new owners.
Rowneybury House, famously nicknamed "Beckingham Palace" by David and Victoria Beckham, was acquired by the couple in 1999 for £2.5 million, shortly after their wedding. This seven-bedroom property in Hertfordshire became the family's primary UK home for many years.
The Beckhams invested approximately £3 million in renovations, customizing the estate to their tastes and lifestyle. Victoria Beckham described some interiors with bold, personal touches, contributing to the property's unique character and its eventual celebrity status.
The estate, featuring amenities like an indoor pool and recording studio, was designed with both family life and privacy in mind. However, as David Beckham's football career led the family to live abroad, the property's use became less frequent.
By 2013, with the family's focus shifting towards London, the Beckhams listed "Beckingham Palace" for sale. Although initially rumored to be priced around £15 million, the estate was ultimately sold in 2014 for £11.35 million.
The buyers were insurance businessman Neil Utley and his wife, Narmali Utley, who acquired the mansion and 17 acres of grounds. This sale highlighted the property's significant increase in value, selling for £8.85 million more than the Beckhams' original purchase price.
