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The house cost £9,000 to build (equivalent to £1,022,842 in 2023). [2] The house was for sale with freehold for £10,000 in 1923 (equivalent to £720,418 in 2023) through Knight, Frank and Rutley. It was described as a "substantial and fairly modern house, with gardens of over an acre, near the highest part of East Heath-road." [3]
The house was put up for sale in early 2002 for £8.5 million, but as of October 2004, the asking price had been reduced to £6.85 million. [8] [9] [10] In 2013, it was for sale for £17.95m freehold. [11]
Until recently the ownership interest referred to comprised generally a freehold interest in real estate let on long leases. That is to say reversionary interests in land and buildings, with the right before expiry of the leases to charge annual ground rent and to refuse any alterations to the use of the land and structure and appearance of the buildings.
A freehold, in common law jurisdictions or Commonwealth countries such as England and Wales, Australia, [1] Canada, Ireland, India and the United States, is the common mode of ownership of real property, or land, [a] and all immovable structures attached to such land.
The Langham Estate was described in 2017 as being one of London's 16 Great Estates with its footprint of 13.8 acres of central London property. [11] [12] Many of the entity's original properties are still held—but now in the form of freehold as their long leases have been sold off. [1] Samuel Tak Lee of Hong Kong is said to be its owner.
The freehold of the house was held by the Crown Estate and the remaining 21 years of the lease were put up for tender in November 1921. [10] A 60-year lease was put up for sale in May 1922. [11] The Health and Empire Christmas Market was opened at the house by Princess Louise, Duchess of Argyll in 1922. [12]
The Cadogan Group is the main landlord in the west London districts of Chelsea and Knightsbridge, and it is now the second largest of the surviving aristocratic Freehold Estates in Central London, after the Duke of Westminster's Grosvenor Estate, to which it is adjacent, covering Mayfair and Belgravia.
Freehold, Greater Manchester, an area of Oldham, in North West England . Freehold Metrolink station, a light rail stop in Greater Manchester, England; Freehold, a Victorian terraced area in the north east of Lancaster, Lancashire, England