Couple turn £380,000 Victorian water tower into luxury home, now back on sale for £2.75 million

A Grade II-listed Victorian water tower that featured in a memorable episode of Channel 4's Grand Designs is back on the market for £2.75 million after previously selling for £2.5 million. Located in Kennington, south London, the 10-storey landmark was bought in 2011 for £380,000 by partners Leigh Osborne and Graham Voce. Over the next two years, they spent around £2 million on major repairs and modern additions to turn the abandoned structure into a luxury five-bedroom home. The transformation featured in the 100th episode of Grand Designs in 2012, hosted by Kevin McCloud. After putting the finished property up for sale for as much as £6.5 million in 2018, the owners gradually lowered the asking price. They eventually sold the unusual home in 2021 for around £2.5 million. The property has now returned to the market, with estate agents listing it for £2.75 million.Overcoming budget spikes and construction hurdlesWhen Osborne and Voce bought the 1867 water tower, it was in very poor condition. The building was filled with pigeon droppings, crumbling brickwork and rotting timber. The couple first expected to spend around £600,000 on the restoration. However, structural problems and c...