Exclusive Opportunity: Wytham Abbey for Sale
Wytham Abbey, a stunning estate near Oxford, is now on the market for £15 million ($18.7 million). This historic property, dubbed the “Effective Altruism Castle,” made headlines after being acquired in April 2022 by the Effective Ventures Foundation using funds from Open Philanthropy.
Impressive Features of Wytham Abbey
- The property boasts 27,000 square feet of space with 27 bedrooms and 18 bathrooms, all situated on 23 acres of land.
- Adjusted for inflation, the current price is equivalent to £16.2 million.
- With a rich history spanning over 500 years, the abbey has hosted notable figures such as Queen Elizabeth I, Oliver Cromwell, and Queen Victoria.
Financial Controversy and Resolution
- Despite receiving support from Open Philanthropy, Effective Ventures also received backing from the FTX Foundation, associated with Sam Bankman-Fried, who was convicted of fraud and sentenced to 25 years in prison.
- Following backlash, Effective Ventures reached a settlement with the FTX estate and returned the $26.8 million received from the foundation.
Market Trends and Expectations
As Wytham Abbey enters the market, listing agent Charles Elsmore-Wickens of Savills emphasizes the property’s unique charm and potential value.
Despite a recent 5% decline in prices in the UK’s prime country house market, sellers remain optimistic about the appeal and value of Wytham Abbey in today’s real estate landscape.
Hot Take: Seize the Opportunity to Own Wytham Abbey
Wytham Abbey presents a rare chance to own a piece of history with its rich heritage and luxurious amenities. Don’t miss out on this exclusive opportunity to acquire the “Effective Altruism Castle” and make it your own.
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