10 Downing Street is snapped up by a landlord

10 Downing Street in Sutton failed to sell at auction
10 Downing Street in Sutton failed to sell at auction

A Sutton house which shares its address with the Prime Minister’s home has finally been bought after it failed to sell at auction.

Landlord Simon Waldram paid £43,000 for 10 Downing Street on Monday, a week after the same property failed to attract a buyer when it went under the hammer at Nottingham race course.

The new owner said: “I have a portfolio of tenanted properties and I looked at the lots on offer with Graham Penny Auctions, as I do for every auction, to see what I could buy next.

“I admit that I did laugh when I saw that 10 Downing Street was for sale but then I saw it was tenanted and I seriously started thinking about buying it.

“The fact the property had an existing tenancy agreement was the main selling point for me as it fits nicely into my existing portfolio, plus its location is ideal for me to manage from my home in Derbyshire.

“I never thought I’d be able to say I’m the owner of 10 Downing Street!”

The property comprises a lounge and breakfast kitchen on the ground floor, a double bedroom and bathroom/WC to the first floor and a double attic bedroom on the second floor.

Vejay Pal, senior valuer at Graham Penny Auctions Nottingham, said: “The new owner of 10 Downing Street can now collect the keys in only 21 days thanks to the quick and transparent auction process and can start reaping the benefits of the addition to their property portfolio.”

The property has two double bedrooms, around 670sq ft of space and a courtyard garden.

The Nottingham-based estate agent is now taking entries for their next auction in October.

Number 10 in London’s Downing Street is over 300 old and contains about 100 rooms.

It was built by Sir George Downing, a notorious spy for Oliver Cromwell and later Charles II, between 1682 and 1684, and was originally three seperate buildings.

Gates were installed at both ends of the street in 1991, during Margaret Thatcher’s premiereship, following a failed bomb attack by the IRA.