Madonna Buys Another House
0 Comments Published by Robyn on Monday, June 25, 2007 at 6/25/2007 08:10:00 AM.
Madonna has spent more than £6 million buying her sixth London property. Her and husband Guy Ritchie signed a contract on the 10-bedroom Georgian townhouse in London's Marylebone. It adjoins the eight-bedroom property the couple live in with children Lourdes, 10, and Rocco, six.
The house has six floors and includes a vaulted artist's studio which adjoins the garden wall of the family's main home. The house has oak floorboards and many original features. It is not known whether the family intend to connect their acquisition to their existing home or rent it out.
They also own two nearby mews houses, which are occupied by staff, and two other houses in central London. A source said: "Madonna has been a very shrewd investor in property - this is her fourth in the area. She knows the prices are significantly lower than in Mayfair but that the area is coming up. She has said she'd like to buy the whole street.
"She was really keen to get her hands on this house because she knows once Paul Davies starts developing properties an area can skyrocket in price. She was calling him for eight months and her initial offers were rejected, but after a series of meetings he agreed to sell."
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