The large, expensive country house
Making an estate irresistible to purchasers by creating a significant income. I
t is widely acknowledged that the cost of running Britain’s houses is rising well above inflation, principally due to escalating fuel bills plus all the ‘extras’ such as insurance, council tax, maintenance, etc. And the bigger the
house, the bigger the proportional increase. This is having an effect on the sales market in the present economy with potential purchasers pausing, more than ever, to consider running costs when making their important choice decisions. The head often rules the heart these days. Large country houses placed on the
market can deter some buyers who aspire to own a grand home but do not wish to be the custodian of a ‘bottomless pit’. In recognition of this trend, the owners of Bradley Hall in Derbyshire have ensured that their large property, extending to almost 20,000 square feet, pays its way. Michelle and Mike Wrigley have made a £3 million house capable of producing an enviable income that brings this important Hall within reach of many more purchasers. Bradley Hall essentially consists of three
wings. The principal wing contains the main house, a splendid period home
56 AUGUST 2011 PROPERTYdrum
Above and below: External and internal views of the two popular holiday homes.
offering five reception rooms, six bedrooms, five bathrooms and all the extra domestic space a large family might ever need. But, like all grand homes it takes some running and this is where the other sections of the property play their parts. The east wing houses the billiards room and garaging on the ground floor, whilst the upper two levels form two independent residential units, Garden View Apartment and Bradley Hall Mews. These two bedroom units are let on shorthold tenancies; they are most sought after and generate an annual income of over £13,000. The north wing needed refurbishment
when Mr and Mrs Wrigley acquired Bradley Hall so they created 2 captivating holiday let apartments, now known as Yew Tree Nook and Lady Pond Retreat. These beautiful holiday lets have attracted strong demand, lovely in themselves and just three miles from Ashbourne, the gateway to the Peak District National Park. Even more eye catching is the holiday let revenue, now in excess of £50,000 per annum and rising year on year. Bradley Hall has a self-contained office
suite; again, this could save the new owner rented space elsewhere.
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