England footballer nets £21m property score

England footballer nets £21m property score




The former England and Chelsea captain has netted £21.25 million after selling two properties, including his dream home.

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The former England and Chelsea captain has netted £21.25 million after selling two properties, including his dream home.

Defender Terry has made a £10 million profit on a nine-bedroom mansion after selling it for £16 million. This is on top of another property sale last year of £5.35 million.

The footballer had planned to live in the nine-bedroom white mansion, which was built next door to his old property.

Terry, 33, sold his original red-brick house last year for £5.25 million after three years on the market, but then received an out of the blue £16 million offer for his new home.

He had bought the luxury pad for £1.8 million in 2007 and spent a further £4 million renovating it, even building a man-made fishing lake in the back garden.

Terry, whose £170,000-a-week Chelsea contract runs out this summer, bagged a £10 million profit on the sale to a mystery foreign investor.

The cost of the home is twice the price of the average Surrey property, and the sale of the house has prompted further speculation that the footballer is planning to leave Chelsea in favour of a move abroad.

 His family are now believed to be renting another property.

His spokesman told The Sun that the house had not been put on the market, but that Terry and his wife Toni had 'received a fabulous offer which they decided to accept'. 

It had taken father-of-two Terry three years to sell his first house, which he had bought for £2.25 million in 2003 and reportedly had to remortgage four times. 

In 2010 the former England captain was advised to drop the asking price by three quarters of a million pounds.

However, helped by the burgeoning property market, he was finally able to sell it for more than the £ 5million asking price, helping him finance the second mansion - located just a short drive from Chelsea's training ground in Cobham. 

Constructed at the end of a private road, the huge new home is hidden away from prying eyes and is only clearly visible from the air. 

It comprises eight dressing and bathrooms, nine bedrooms, a swimming pool, a sauna and its own private cinema. 

Terry was reported to have incurred a mortgage debt of £4.6 million pounds on the building of the new house. 

Construction work started in December 2011 and the finished mansion is believed to include a 33x40ft indoor swimming pool, complete with a jacuzzi, steam room and changing facilities. 

Staff are also reportedly accommodated in one wing and there is also a visitor annexe in the opposite wing. 

Terry is Chelsea’s most successful captain having made over 600 appearances and winning three Premier League titles. 

He is also the club’s all-time highest scoring defender and has captained the England national team twice.

[Picture: Julian Mason]

 

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