Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Friday 06 March 2015 6:47 am

Quids in: Inside Poundland founder Steve Smith’s £5.7m mansion

By: Emma Haslett

Add as a preferred source on Google


The house comes complete with water feature, although there's no word on whether the Roller is included in the price… (Source: Estates Direct)

They say a pound doesn't stretch as far as it once did, but that doesn't seem to be the case for Poundland founder Steve Smith, who has put his Shropshire mansion up for sale for a cool £5.7m, having bought it for £2.2m.

Smith, who founded the discount bargain store in 1990 before selling it for £50m, bought the seven-bedroom home in 2004, but has since bought the land around it, turning it into a 28-acre estate.


(Source: Estates Direct)

The house, in "the pretty hamlet of Romsley" is described in its listing as "standing in a glorious parkland style setting", with "spectacular, far-reaching views over the … Severn Valley towards the Clee and Welsh Hills". 

Having been "refurbished… by the most exacting of standards", it is a "fabulous home for family living and large scale entertaining". 

The living area comprises 14,000 sq ft with five reception rooms, a "bespoke" kitchen/breakfast room, six bedroom suites, two gatehouse lodges, "extensive garaging" and 28.2 acres of gardens, grounds and paddocks. 


(Source: Estates Direct)

Designed by Sir Betram Clough Williams-Ellis, the designer of "the Italianate village of Portmeirion" in Wales, the house features lots of walnut panelling, as well as a sweeping walnut staircase. And, as any discerning buyer would expect, it also features an indoor pool, which comes complete with two balletic statues.


(Source: Estates Direct) 

With luxuries like that, why would Smith want to sell up? Apparently he and his wife are keen to downsize.

Although it sounds like even the ultra-rich sometimes find it tough to shift their homes: Smith has just slashed £750,000 off the price of the mansion. Bargain.


(Source: Estates Direct)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Related Topics

  • Company
  • Poundland Group

Trending Articles

  • Burnham tax plans spark investor rush to bank capital gains

  • Nothing fails to file accounts months after dissolution threat

  • Cruyff turn: Starmer allows pubs to stay open for England World Cup game

  • I’ve taken the best train trips in the world. Here are my 5 favourites

  • PwC joins the Canary Wharf crowd in major property shake-up

More from City PM

  • London luxury property at mercy of Labour chaos, not Iran war

    Property
    Capital gains tax is not currently charged on primary residences. (Credit Beauchamp Estates)
  • Inheritance tax enquiries surge to six-year high after HMRC clampdown

    Economics
    Breaking news concept with a digital globe, highlighting global connectivity and information flow in a business context
  • Pension funds must ’embrace’ private markets to fuel growth

    Investing
    Skyline of Canada with iconic financial district buildings, highlighting UK investments and economic growth.
  • Kemi Badenoch pledges to wield the axe on post-financial crisis banking regulation

    Banking
    Kemi Badenoch discussing strategies for a stronger economy at a business conference podium, emphasizing economic growth
  • Mark Kleinman: Share price slump moves Steiner closer to Ocado checkout 

    Business
    Mark Kleinman is Sky News' City Editor and writes a column for City PM
  • The Bath House banya: Contrast therapy in Belgravia

    Life&Style
    Historic bath house exterior with ornate architecture, showcasing vintage design elements and a serene garden setting.
  • Oxford St vs the Square Mile: a tale of two cities

    Opinion
    Bustling Oxford Street with shoppers and iconic red buses on a vibrant day, capturing the essence of Londons famous shoppi...
  • Exclusive: Santander’s Ebury eyes £100m Lumon takeover

    Fintech
    Consultancy sector and AI

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy