Tony Blair has a property worth an estimated £27m, with he,
his wife and his children owning at least 10 houses and 27 flats between them.
Starting with a house in his former Sedgefield constituency
- which was bought for £30,000 in 1983 and sold for £275,000 in 2009 - the
family has built a property portfolio worth £27m including several properties
in central London. Blair has also helped his three eldest children get on the
property ladder as each of them have their own home in central London just a
few miles from the Georgian townhouse in Connaught Square which the Blairs
bought when they left Downing Street.
Daughter Kathryn, a barrister in her mid-20s, is named as
the sole owner of a one-bedroom mews house near Marylebone, which the family
were reported to have bought in Cherie’s name for £1.2m in 2014. The house was
registered in Kathryn’s name the following year and would not have attracted
stamp duty, as long as the transfer was a gift. There is no mortgage on the
house and, despite recent wobbles at the top end of the property market,
Kathryn is likely to be looking at a profit should she sell. The property
website Zoopla estimates the house is worth more than £1.4m.
Cherie is also named as the co-owner, with Kathryn, of a
house in Buckinghamshire, near the family’s country home. The four-bedroom
property was originally bought for £600,000 by Cherie with her husband’s
sister, Sarah. It was valued at £700,000 in September 2013 when Kathryn’s name
was swapped on to the title. A month later, the property was advertised to rent
for £2,500 a month, or £30,000 a year. Offered by the agents part-furnished, it
was described as “exceptionally well presented and high spec”. Properties in
Buckinghamshire have gone up by 27% since the house was bought, according to
the Land Registry, so it could now be worth around £763,000. With no mortgage
on the property, the transfer of the property will not have attracted stamp
duty.
Elder son Euan with Cherie
is a director of Oldbury Residential, which owns a portfolio of buy-to-let
flats in Manchester and Stockport. The company’s filings show Cherie and Euan
each have 50% of the shares in Oldbury and that it has bought 27 flats with
mortgages from Lloyds bank, costing a total of just under £2.2m. One flat on a
street where Oldbury Residential owns 10 properties is up for rent at £650 a
month, while others in the same Stockport blocks have been advertised for £500
a month. At a rent of £500, they would bring in £13,500 a month, or £162,000 a
year. One flat on a street where Oldbury Residential owns 10 properties is up
for rent at £650 a month, while others in the same Stockport blocks have been
advertised for £500 a month. At a rent of £500, they would bring in £13,500 a
month, or £162,000 a year.
The Blair’s second son who works as a football agent, is the
owner of a Georgian townhouse in central London. The three-bedroom property was
bought for £1.35m in September and, like the other homes bought by the family,
has been improved. Planning was granted for a single-storey extension after the
property changed hands. Property website Zoopla estimates it is worth £2m and
has a rental value of £6,900 a month.
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