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Desborough Close
- Credit: Archant
Without the sale of Panshanger Estate, Welwyn Garden City would not be celebrating its centenary in 2020.
William Grenfell, the 1st Baron of Desborough, sold his wife s inheritance of 2,817 acres for £106,735. This works at around £4,801,992, not a bad price to build a future town on.
The Hertfordshire Mercury, dated July 23 1919, recorded the sale and the new purpose of the estate, as unfortunately the WHT, which was started in 1928 as the Welwyn Times after the new town was built, was not around to cover the sale.
The article writes: At the recent Panshanger Estate sale the area disposed of was 2,817 acres, and the price realised was £106,735.