Edwards' Home Slash Price: Scandal & Drama

0:00On March 26, former BBC Newsreader Hugh Edwards and his ex-wife are slashing the price of their South London home to 3,800, 50,000 pounds. The six-bedroom house in Dole which first hit the market last October at 4,750,000 pounds right after their divorce. Filing, they bought it back in 2006 for 1,850,000 pounds. The property came off the market earlier this year after failed sales attempts, including price cuts by the state agent. Edwards' conviction last year for possessing indecent images of children scared off buyers and taint interest. He's now living modestly, splitting time between a small flat in Southwest London and another in Wales, far from his old BBC salary of 400. 75,000 pounds a year. With the mortgage paid off, a sale would hand him a huge windfall despite the scandal. Lately, the house returned to listing sites as a feature property with fresh incentives. This timing lines up with a new Channel 5 drama airing soon, spotlighting his dramatic fall from grace.

1:06Buyers on their prime Dole which rode might see value as local prices have dipped lately, but the home's history adds a layer of caution to any deal.