UK couple turns £380k water tower into £2.75M home
A Victorian water tower in London, previously featured on the show Grand Designs, is back on the market for £2.75 million. The property underwent an extensive and costly renovation by its former owners to transform it from a derelict structure into a luxury home.
Why it matters
The story highlights the intersection of historic preservation, luxury real estate, and the financial risks associated with ambitious architectural renovations.
A Grade II-listed Victorian water tower that featured in a memorable episode of Channel 4's Grand Designs is back on the market for £2.75 million after previously selling for £2.5 million. Located in Kennington, south London, the 10-storey landmark was bought in 2011 for £380,000 by partners Leigh Osborne and Graham Voce. Over the next two years, they spent around £2 million on major repairs and modern additions to turn the abandoned structure into a luxury five-bedroom home. The transformation featured in the 100th episode of Grand Designs in 2012, hosted by Kevin McCloud. After putting the finished property up for sale for as much as £6.5 million in 2018, the owners gradually lowered the asking price. They eventually sold the unusual home in 2021 for around £2.5 million.
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