ROD CAN’T SELL £6M HOUSE... AND HIS WIFE BLAMES BREXIT
ROCKER Rod Stewart's wife Penny Lancaster has revealed how the couple have had to slash the price of their Essex mansion because it has languished on the market for two years due to Brexit.
The 73-year-old Hot Legs singer, who is worth £180million and who married Penny, 47, in 2007, has owned the 25-acre mansion in Epping, Essex – The Woodhouse – for 30 years.
Penny said: “Rod and I have found ourselves affected by the recent property stalemate thanks to Brexit. We can't sell our old place in Essex, The Woodhouse, despite its unique architecture and strong historical links.
“The hike in stamp duty hasn't helped – it almost stopped me in my tracks when I recently invested in an apartment just down the road from our new Essex home.”
The couple moved out of the Epping home after snapping up a £5million mansion in nearby Harlow, Essex, but have been unable to sell The Woodhouse since putting it on the market in 2016. The six-bedroom property – complete with full-size football pitch, swimming pool, tennis courts and boating lake – was on sale for £7.5million.
The couple, however, have subsequently slashed the price twice. It is now being advertised at just under £6million.
Penny also revealed how Rod's daughter Ruby, 31, wants to buy The Woodhouse back at some point in the future.
Penny added: “Ruby, Rod's daughter, has this romantic vision that she will one day buy back The Woodhouse, where she enjoyed so many fantastic years.
“I hope Ruby realises her dream: The Woodhouse appears in so many of our memories. Rod and I brought our boys back there as newborns and they spent many happy summers there.
“Call me sentimental, but even after they've flown the nest, The Woodhouse will always provide their first-home memories and I hope those feelings of comfort and belonging last for ever.”