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Beckingham Palace Sold For A Cool £11.5 Million

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The famous Beckingham Palace, Hertfordshire, UK mansion is now sold to a disgraced insurance tycoon.

The buyer, Neil Utley, recently purchased Victoria and David Beckhams massive 12-acre home and land – nicknamed ‘Beckingham Palace’.

Neil Utley, chairman of Hastings Direct, moved into the home last month after paying £11.5 million.

This ‘only can dream of’ sum of money also included David and Victorias Aston Martin and 2 Jaguars as part of the final sale.

Utley was made to pay a charge of £130,000 only last year, 2013, in tribunal costs and was thrown out from working in the Lloyds market for 2 years after admitting ‘detrimental’ conduct within his time at motor insurance company, Equity Red Star.

Victoria and David are using the money from the sale to invest in a new, whopping £45 million mansion, located in swanky area of central London.

So, lets take a look at what Utley got for his money:

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