![]() They have now had enough of waiting and are trying again, despite a new challenge to the market: rising interest rates.īetween November 2021 and August 2023, the Bank of England hiked rates from 0.1% to 5.25%, although it did agree to hold rates steady at its most recent meetings in September and November. Then came the pandemic and they had to sit out that, too. They decided to wait, rented the house out and sat out Brexit. But during 2018, the property market was hit by Brexit-related jitters and they failed to find a buyer. The couple then listed their townhouse for $6.56 million. ![]() They decided to relocate to west London and in 2018 moved into a new-build apartment in the Brentford neighbourhood. Unfortunately, driving through London’s traffic to make the 100-mile trip made their journey unnecessarily long. She could walk to work since the docks are less than a mile from the City, London’s historic financial district.Ībout 10 years ago the couple, both now retired, built themselves a country home in the county of Wiltshire. Lesley Denekamp, 62, worked for insurers Lloyd’s of London. The couple bought their house in St Katharine Docks, a former dockyard now an upscale marina lined with apartment buildings and houses, in 1997 for an amount they declined to disclose.īoth had jobs in London. ![]() “We don’t think we are going to live forever, and four million pounds is a lot of money to have tied up in a house we don’t really need,” said Johan Denekamp. Why now? The couple are sick of waiting, having already sat out Brexit and the pandemic. Nonetheless, in September, they went ahead and listed their 3,800-square-foot townhouse with Knight Frank, for $5 million. Lesley and Johan Denekamp are keenly aware that now isn’t a great time to be selling real estate in central London. ![]()
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