A property portfolio worth £32m

THE Blair property empire is now worth more than £32million – and Cherie owns most of it.

All but two of the 38 properties are in her name, either jointly with another member of the family or held through a company she co-owns with eldest son Euan.

Tony Blair’s name appears on the deeds of just their main family homes in Connaught Square and Buckinghamshire. The estimated rise in value of the property portfolio is £12million and counting. And they have banked £1.7million from nine homes previously bought and sold.

Their five-storey Georgian terrace home in Connaught Square, London W2, is just a stone’s throw from Hyde Park. They bought the Grade II-listed townhouse nine years ago while Mr Blair was in office, for £3.65million.

In her memoirs, Cherie wrote that they took out a mortgage ‘the size of Mount Snowdon’.

They have carried out extensive renovations, spending at least £100,000 on a roof terrace. It is now worth £9.2million, meaning it has made a paper profit of £5.55million.

Nearby, the couple own a mews house in Archery Close, behind Connaught Square, which was bought for security reasons on advice from MI5 in 2007, with a purchase price of £800,000. It is now worth £1.7 million.

Another property jointly owned by the Blairs is South Pavilion, a Grade Ilisted mansion in Wotton Underwood, near Aylesbury in Buckinghamshire. Bought in 2008 for £5.75million it is now worth £10million.

A mid-terrace Georgian house in London NW1 was a cash purchase for son Nicky in 2012 – its value increasing from £1.35 million to £2.1 million. Nicky has since become sole owner.

A company called Oldbury Residential, owned by Cherie and Euan, has ten Manchester flats and 17 in Stockport – worth around £2million in total. Four further flats were bought in Manchester in April for an estimated £380,000.