Crimewatch pays! TV presenter Nick Ross, 65, ‘makes £34m profit’ on Notting Hill home he bought in housing slump
Former Crimewatch presenter Nick Ross has sold his home for an astonishing £35 million – making almost a 4,000 per cent profit.
The 65-year-old TV and radio star has reportedly sold his property in Notting Hill, West London, to Khaled Said, the 37-year-old son of Syrian-Saudi billionaire Wafic, a friend of Baroness Thatcher.
Ross is understood to have bought the house during the 1993 housing slump for the relatively knock-down price of £950,000.
He was able to snag a bargain as the owner was desperate to offload the house after three potential buyers pulled out.
The house was in a poor state of repair and Ross renovated it, installing an underground swimming pool and expanding the floor space to a massive 8,500 sq ft.
Ross, who is married to Sarah Caplin, co-founder of the charity ChildLine, is understood to be planning to split the proceeds from the sale among the couple’s three grown-up sons and a charity.
According to Land Registry documents, Ross and his wife agreed a sale price in July, but, unusually, no price is actually recorded in the documents
He was quoted last night as saying: ‘It has been a wonderful family home. We’re delighted it’s been bought by another young family.’
The Saids are not exactly a typical family, though. In May this year, Khaled’s sister Rasha, 26, celebrated her wedding at the Palace of Versailles with more than 700 guests, including Take That star Robbie Williams.
Figures from the Nationwide show that the average London house has risen in value by more than 340 per cent since 1993.
By contrast, Ross’s home has risen by 3,783 per cent.
Ross and his wife first moved to the area in 1985 because of its convenient location halfway between Broadcasting House, the BBC’s Central London headquarters, and its TV studios in West London.
Ross has enjoyed one of the most distinguished careers in British broadcasting.
He helped launch the BBC’s Breakfast programme in 1983 and a year later joined the Crimewatch team.
He was with the show for 23 years, including the difficult period when his co-presenter Jill Dando was murdered in 1999.
He also helped launch the consumer show Watchdog, which continues to pull in more than three million viewers a week.