Decreased Price of David Gilmour's £10million Seaside Residence Yet Again
A Fresh Take on David Gilmour's Struggle to Sell His £8.95M Seafront Mansion
Legendary musician David Gilmour's long-standing attempt to flog his seaside digs, Medina House, has taken another turn. The mansion, originally priced at a hefty £15 mil, has seen its price chop down to a mere £8,950,000, a reduction of more than a million, according to estate agents Pereds[1][5]. If the asking price isn't enough, Gilmour's legal ownership of the property may cause additional complications.
Medina House, a converted women's public bathhouse, was Gilmour's purchase in 2011, boasting a prime location on King's Esplanade, Hove. The mansion, designed by award-winning architect Keb Gavarito-Bruhn, was custom-built for the Pink Floyd frontman and his wife, Polly Samson[1]. Despite moving in two years post-construction in 2020, the couple decided to put the house up for sale in 2022. But, this celebration-worthy home seems to be proving a hard nut to crack.
To the uninitiated, the problem isn't the design or amenities; Medina House comes complete with a 15-bedroom, a courtyard, and breathtaking sea views[1]. Clearly, potential buyers are not easily won over. With the house staying on the market for the past three years, Gilmour has been compelled to seek legal recourse to ensure his ownership of the property.
It wasn't until 2024 that the issues came to light, revealing that Gilmour, despite being the sole director of Hoveco Ltd, did not, in fact, legally own the property[2]. This was the result of an administrative error, which, in simple terms, meant that when Hoveco Ltd was dissolved, the property was automatically transferred to the Crown instead[2]. To rectify this, Gilmour has taken legal action to reclaim ownership of Medina House.
The house, first erected in 2020, marks the replacement of a 19th-century bathhouse[1]. Over the years, Medina House has been entangled in legal drama and public scrutiny. From involves a legal oversight affecting the ownership, the mansion's sale price keeps plummeting. The property is now back on the market under the guidance of Pereds[1][5].
Inside the property, the five remodeled bedrooms offer captivating sea views, complemented by hardwood flooring, underfloor heating, polished plaster ceilings, log-burning, and gas-operated open fires[1]. With a library, gym, music room, sauna, private enclosed garden, and stunning sea views, the luxurious home is indeed an impressive sight[1]. Gilmour and Samson once described their home as a 'huge advantage' and a 'beauty'[4]. Here's hoping buyers will soon agree.
[Source 1]: https://www.thesun.co.uk/news/7544858/david-gilmour-big-problem-selling-house/[Source 2]: https://www.standard.co.uk/news/out-of-court-settlement-reached-between-david-gilmour-and-attorney-general-a4229916.html[Source 3]: https://www.bbc.com/news/uk-england-sussex-42944854[Source 4]: https://www.theargus.co.uk/news/18794365.david-gilmours-unique-contemporary-seafront-home-hove-up-sale/
- Despite the impressive features of Medina House, such as its 15 bedrooms, breathtaking sea views, and custom design by award-winning architect Keb Gavarito-Bruhn, this real-estate property appears to be a challenge for investors, as it has remained unsold for three years.
- The struggle to sell Medina House has led legendary musician David Gilmour to delve into the world of finance and law, as he now seeks legal recourse to ensure his ownership of the property, which was initially the result of an administrative error.
- Beyond the music and entertainment industry, David Gilmour's long-standing endeavor to sell his £8.95M seafront mansion, Medina House, has also become a notable news topic, highlighting the challenges even celebrities face in the realm of business and finance, especially in the realm of real-estate investing.
