Sir Rod Stewart sells Essex mansion for knock-down £4.5m

Three years after putting his mansion up for sale, Sir Rod Stewart has finally managed to find a buyer - though he has dropped £3 million from the original asking price. 

Sir Rod put Wood House in Essex on the market for £7.5 million in 2016, but struggled to sell the sprawling estate, with his wife Penny Lancaster blaming Brexit for the lack of interest.

The six-bedroom manor home has seen Sir Rod, 74, through two wives and several girlfriends and includes a boating lake, tennis courts, a swimming pool and huge gardens.

By November 2016, he had cut the price by £550,000 and he further reduced it to £5.95 million in early 2018.

Sir Rod Stewart put Wood House in Essex on the market for £7.5 million in 2016, but struggled to sell the sprawling estate

Sir Rod Stewart put Wood House in Essex on the market for £7.5 million in 2016, but struggled to sell the sprawling estate

He slashed the price by another £1.225 million last July after the property was advertised by estate agents Savills for £4,725,000.

Savills finally announced on their website that the house was sold earlier this month, though the identity of the buyer has not been disclosed.

A sale for the asking price will still come as a tidy profit for the singer, who is said to have paid £1.2million for the 28 acre property in Epping in 1986.

Last year, Miss Lancaster, 47, told of the couple's struggle to offload the mansion.

She said: 'Rod and I have found ourselves affected by the recent property stalemate thanks to Brexit. We can't sell our old place in Essex, The Wood House, despite its unique architecture and strong historical links.

'The hike in stamp duty hasn't helped - it almost stopped me in my tracks when I recently invested in an apartment just down the road from our new Essex home.'

Sir Rod's wife Penny Lancaster (pictured) blamed the couple's struggles to sell the house on Brexit, as well as a hike in stamp duty

Sir Rod's wife Penny Lancaster (pictured) blamed the couple's struggles to sell the house on Brexit, as well as a hike in stamp duty

Savills finally announced on their website that the house was sold earlier this month, though the identity of the buyer has not been disclosed

Savills finally announced on their website that the house was

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