October 25 2014 Latest news:
Caroline Culot, Regional property editor
Friday, June 6, 2014
It made headlines when it sold for £1m eight years ago and now this stylish penthouse at the top of Albion Mill in the former Read’s mill flour factory building is for sale again for £1.5 million with Savills.
Eight years ago this penthouse - three apartments made into one - made history in Norwich when it sold for £1 million.
It is now for sale again for £1.5m and evoked many memories for regional property editor Caroline Culot when she visited it because it was the very first property story she wrote.
At the time this Norwich penthouse which for a record breaking £1m.
Nearly a decade ago, property in the city just didn’t command that kind of price tag - only perhaps the very large detached houses in the Golden Triangle came anywhere near that amount.
Yet here was an apartment - albeit three made into one as a bespoke dwelling for a special buyer - that sold for £1m.
I remember the excitement in the offices of selling agents Savills and developer PJ Livesey when the news broke because no one had seen anything like this. The penthouse on the top of Albion Mill in the former Read’s flour mill factory on King Street really paved the way for more development in that area - it’s hard to remember now but in 2006, the conversion of the old riverside warehouses and industrial units was in its infancy and the whole idea of ‘lock up and leave’ living was a radical new concept for Norwich.
So what this penthouse - and the vision of the lady who had it created - did for the city was really set the benchmark for what could be achieved with this kind of property; not just a home but a lifestyle choice, where design was key and somewhere which allowed you to embrace everything the city had to offer. These kinds of abodes are ideal for entertaining and this one has a wonderful panoramic roof terrace so you do have your own outside space, but not acres of formal gardens, and a city scape view.
It is huge in scale - boasting 3,500 sqft which is massive for an apartment and of course comes with the benefit of three underground car parking spaces because there was one for each apartment.
It is on different levels; you have a wonderful library and three bedrooms including the master suite with its double bed on a raised plinth and then go upstairs to a huge open plan living/dining/kitchen space which leads to the terrace.
There’s even a utility and your own internal lift - something I’ve never seen in any apartment in this city.
It’s important to understand that the buyer of this penthouse paid £1million just for the ‘shell’ and then set about converting it with the help of designers into the impressive residence it is today.
One thing is for sure, it’s one of the best places to live in Norwich and I imagine it’s going to attract a lot of attention second time round!