Skip to content
Wednesday 2 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,767.87
-0.20%
DAX
25,847.35
-0.47%
CAC 40
8,286.83
-0.18%
STOXX 50
6,362.61
-0.10%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Thursday 01 September 2011 7:46 pm  |  Updated:  Friday 31 May 2019 12:55 am

A home of very grand designs

By: KCS-content

Add as a preferred source on Google

Buying an old home to do it up is one thing. Doing it in the teeth of a major recession, in a house with no heating, collapsing ceilings, shot plumbing and rampant damp, and living there while you renovate it from scratch, is probably rather beyond the call of duty. It’s arguably rather a miracle that BNP Paribas banker Michelle Ricci and her husband Lars managed to turn this Islington house into such a beautiful, stylish slice of crisp minimalism at all, given they had to spend the winter of 2007/2008 warming themselves round a single heater.

Less hardy folk might have thought twice about taking on such a task. Despite its dilapidated state, however, Michelle immediately saw the potential of the four bedroom, five floor Victorian townhouse on Devonia Road, a few moments’ walk from Islington Green.

“The building was almost falling down, and it was damp, dark, dusty and stale – it still had the original horsehair plaster walls and some ceilings were sagging so badly you could reach up and touch them,” she says. “But what struck me was the space. I got lost the first time I went in, and I was immediately thinking how I could breathe life into it.”

The key was to flood the house with light. The building had been divided into a trio of flats – extraordinarily, three generations of the same family were living in the different flats, and had been doing so for decades. Having taken down the divisions, the house’s new owners removed the back outer wall and replaced it with a two-storey glass panel. They also added a fifth floor to what was a four floor building, with a top floor balcony facing out over Islington, and an indoor balcony overlooking the rooms below.

The look of the house is pale, stripped back and airy, but the house’s historic features – it dates from the middle of the 19th century – have not been forgotten. “We went for a minimalist overall theme, but have tried to reintroduce the Victorian features like fireplaces and architraves,” says Michelle.

There are no synthetic materials in the house – floors are of American walnut wood, while gleaming polished concrete is in the kitchen and bathroom. Underfloor heating runs beneath.

“It’s been a romantic project, you feel you’re taking on a bit of history and giving it new life,” says Michelle. “I hope that in 200 years time someone will live there and think that we did something pretty special with it.”

The house is now on the market for £2.5m, through Cluttons: 020 7354 6666

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Categories

  • Life&Style

Related Topics

  • NULL

Trending Articles

  • Vodafone and Deliveroo look to patch up Reform ties after Yusuf prison threats

  • Trio of firms poised to quit London Stock Exchange as exodus gathers pace

  • Jaguar reveals the Type 01’s screen-free interior

  • Easyjet’s over-60s recruitment push is economically necessary

  • Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham

More from Morning Wire

  • Hiscox finance chief: London’s AI adoption is too slow

    Opinion
    Paul Cooper, a man in a navy suit, gestures during a business meeting at a conference table.
  • A love letter to Sweetings, the City’s oldest restaurant

    Life&Style
    Sweetings Canada restaurant exterior, showing diners inside and a seafood display in the window.
  • Burnham says the government is central to his ‘triple helix’ plan for growth

    Politics
    Andy Burnham leaves 10 Downing Street, holding a red folder, in a navy suit and white tie
  • As it happened: Stocks fall into red as oil fluctuates over Middle East developments

    FTSE 100 Live
    Large oil tanker navigating a strait under a cloudy sky, impacting oil prices and global trade.
  • As it happened: Stocks rise despite new tensions in Strait of Hormuz; Oil price climbs

    FTSE 100 Live
    Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.
  • Devolution should mean regions competing for investment

    Opinion
    Manchester skyline with iconic landmarks during a Belfast speech event, highlighting urban landscape and architectural bea...
  • Lexus ES 350e Review: Is this the best electric executive car?

    Motoring
    Lexus ES350e electric car in light blue, parked on a paved driveway in front of a stone building.
  • The UN treaty that’s been incentivising Britain’s blockers since 1998

    Opinion
    Stop HS2 banner with a train icon, displayed on a brick wall in front of a house, protesting the HS2 project
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook