Beckingham Palace sells for £11.3m

David and Victoria Beckham's Hertfordshire mansion and estate, dubbed Beckingham Palace, has been sold for a reported £11.3 million to one of the UK's most successful tycoons.

Insurance entrepreneur Neil Utley, 52, and his wife Narmali, 46, agreed a cash deal for the seven-bedroom home and surrounding 17-acre estate, according to the Sunday People.
It ends an ultimately profitable four-year search for a buyer for the Beckhams, who bought the former council-owned children's home for £2.5 million after their wedding in 1999.

Sourced from MSN News.