Britain’s most expensive home back on the market for £200million as Chinese owner faces losing £30m

Britain’s ‘most expensive’ house is back on the market for a staggering £200 million – which could result in a £30 million loss in just two years for the Chinese billionaire owner.

Originally built as four separate family homes, the large seven-storey stucco-fronted residence runs from 2-8A to Rutland Gate, Knightsbridge and overlooks Hyde Park.

The 45-bedroom mansion was formerly owned by a Saudi prince and a Lebanese prime minister, but was bought by the Chinese real estate mogul from the Saudi royal family for £205 million.

Millions of pounds of gold leaf are thought to adorn the luxury home’s interior

The property’s owner, a Chinese billionaire, had planned to renovate in a £100million makeover last year

Real estate mogul Hui Ka Yan, 63, secretly financed the purchase before his real estate company had to be bailed out by the Chinese government

Hui Ka Yan, 63, secretly financed the purchase before his real estate company had to be bailed out by the Chinese government over fears it would default on loans worth £300 billion, according to The times.

He could now make a loss on the property, which he planned to renovate last year in a £100 million makeover.

The 60,000-square-foot super-mansion is considered the largest family home left in Britain, and requires a full-time staff of around 20 people to run it.

There are only a handful of families in the world who can afford to buy, refurbish and maintain the mega mansion.

The house’s windows, 68 of which overlook Hyde Park, are believed to be bulletproof

The property is likely to go back into Saudi hands as the rise in oil prices and the fall of the pound means Middle Eastern royalties can buy it

The 60,000-square-foot super-mansion is believed to be the largest family home left in Britain

After struggling to sell the house, previous owners auctioned 1,252 lots of 41 chandeliers, over 100 gold-plated tissue holders and a number of vintage perfume bottles.

The company of another Chinese real estate mogul, Cheung Chung-kiu, who was interested in buying the house before Hui Ka Yan took over, estimated that the house could be worth up to 700 million pounds after renovation.

The property is likely to go back into Saudi hands as the rise in oil prices and the fall in the pound means Middle Eastern royalties would be in a strong position to get their hands on it.

It is thought that the current owner lowered the price of the property shortly before a deal was struck, leaving the previous owner feeling like they were getting “the rough end of a deal,” according to a Times source.

It is thought that the current owner lowered the price of the property shortly before a deal was made, leaving the previous owner feeling as if they had gotten “the rough end of a deal.”

The company of another Chinese property mogul, Cheung Chung-kiu, who was interested in buying the house before Hui Ka Yan (pictured) took over, estimated that the house could be worth up to £700 million after renovation.

The house is likely to go back into Saudi hands as the rise in oil prices and the fall in the pound means Middle Eastern royalties could pick it up

The house was put on the market in 2013 for a staggering £300 million following the death of owner Sultan bin Abdulaziz

They added that the royals would be “delighted” to own the house again and could buy it back from the Chinese owner as a “payback”.

Millions of pounds of gold leaf are thought to adorn the luxury home’s interior, and the house’s windows, 68 of which overlook Hyde Park, are thought to be bulletproof.

It is less than half a mile from the luxury Harrods department store and just a short drive to the Battersea heliport.

The house was put on the market in 2013 for a staggering £300 million following the death of its owner Sultan bin Abdulaziz, the Crown Prince of Saudi Arabia, but it was not sold.

The house is less than half a mile from the luxury Harrods department store and just a short drive to Battersea heliport

The house was gifted to the Saudi prince after the death of former owner Rafiq Hariri

It was given to the prince as a gift after the death of former owner Rafiq Hariri, the former prime minister of Lebanon and billionaire magnate, who was killed in 2005 by a massive bomb in Beirut, the Lebanese capital.

After struggling to sell the house, the Saudi owners held an auction of 1,252 lots of no fewer than 41 chandeliers, more than 100 gold-plated tissue holders and a number of vintage perfume bottles, all for hundreds of thousands of pounds.

If it goes for the £200m target this time around, the house may no longer be Britain’s most expensive property, with Phones 4 U billionaire businessman John Caudwell owning a mega-mansion in London’s Mayfair , which is reportedly worth £250 million.