A stately home in Richmond Hill said “to rival Buckingham Palace” is set to go on the market before being transformed into a £100 million private palace.

Doughty House, described by developers as “one of London’s most important heritage restoration and legacy projects” will be turned into a “private palace”.

The three storey Grade II listed manor house, gallery wing and Dower House set in one acre of landscaped gardens – once the home of the Viscounts of Monserrate – will be transformed into a 38,000 sq.ft 10 bedroom residence complete with heritage state rooms and world-class leisure amenities.

The house, originally built in 1769 for Sir William Richardson, is located at the crest of Richmond Hill, providing spectacular views of the River Thames.

Since then it has passed through very wealthy hands, such as Francis Cook, an industrialist from the 1800s who was once the third richest man in England.

An art collector, Mr Cook started collecting priceless paintings and classical sculptures in the early 1850s, and by 1876 had over 510 major works.

Doughty House effectively became a private art museum and visitors included members of the Royal family, aristocrats and art patrons.

Throughout the years, guests to Doughty House included Samuel Courtauld the textile magnate, Alfred de Rothschild, David Lloyd George, Winifred Coombe Tennant, Edward, Prince of Wales, David Lindsay the Earl of Crawford, and National Gallery board members PM Ramsay MacDonald and PM Stanley Baldwin.

K10 group, a specialist developer, purchased the home four years ago and since been planning the multi-million restoration project with architectural practice HTP and international luxury design house Argent.

Check out our gallery to see the plans for Doughty House.

Kam Babaee, chief executive of K10 Group said: “We are worked closely with a team of world class consultants and heritage experts on our designs to rescue, restore and return Doughty House to its original stately home origins.

“The construction work and completion of Doughty House is still another two years away.

“The buyer is acquiring an important piece of British history and a world-class newly refurbished stately home.

“If a discerning buyer purchases Doughty House now, they will have the advantage of working with us over the next two years to totally customise and refine the current plans and design scheme to their personal tastes and lifestyle.

“It’s a unique opportunity to acquire what is arguably the most important private palace ever created in London.”