A London home in a block where Mussolini's ambassador  once arranged for parades of Oswald Mosley's Blackshirts to celebrate the Italian dictator's birthday has gone on sale for £4.25million. The luxury property has just become one of the most expensive two-bedroom houses in history when it went on sale for 24 times the price it was sold for in 1985. Built in 1908 by Joseph Sawyer under the auspices of Eustace Balfour, the Chief Architect and Surveyor for the Grosvenor Estate, it is based in one of Mayfair's most historic gated mews. This stunning home, which is spread over three floors which a large living room, in located in a historic, gated  mews in Mayfair, London . Three Kings Yard mews, near Claridges in Mayfair, has a long and fascinating history. During the 1930s, one of houses in Three Kings Yard mews was turned into the Chancery of the Italian Embassy. In the run-up to the Second World War, Dino Grandi, a Fascist Minister and a huge supporter of Benito Mussolini, was appointed as Italian ambassador to London. He took huge pleasure in organising parades of the Blackshirts in the mews courtyard to celebrate events such as Mussolini's birthday and Italian National Day. The luxury property has just become one of the most expensive two-bedroom houses in history when it went on sale for 24 times the price it was sold for in 1985 . Built in 1908 by Joseph Sawyer under the auspices of Eustace Balfour, the Chief Architect and Surveyor for the Grosvenor Estate, it offers 1,398 sq/ft of space . The house is located Three Kings Yard mews which was the base of the Chancery of the Italian Embassy during the 1930s in the run up to the Second World War . Sir Oswald Mosley, founder of the British Blackshirts which later became known as the British Union of Fascists, was a regular visitor during this time. But the Blackshirts' visits outraged residents in Mayfair, and the gates would regularly be closed after being besieged by protesters and members of the press. Despite its chequered past, the mews' luxury homes have become highly sought after by London based business people, families and overseas purchasers wanting a London pied-a-terre in the very centre of the capital. The home, two doors down from where the Italian ambassador lived and spread over three floors, has now been put on the market with Wetherell Estates for £4.25 million. While Dino Grandi was based at the mews, he took huge pleasure in organising parades of the Blackshirts in the courtyard to celebrate events such as Mussolini's birthday and Italian National Day . The Blackshirts' visits outraged residents in Mayfair, and the gates would regularly be closed after being besieged by protesters and members of the press . Despite its chequered past, the mews' luxury homes have become highly sought after by London house-hunters wanting a pied-a-terre in the centre of the capital . Sir Oswald Mosley, founder of the British Blackshirts which later became known as the British Union of Fascists, was also a regular visitor during this time . The first ever copy of the Wetherell Mayfair Times, from 1985, shows how it was sold in less than a week for just £175,000. With 1,398 sq/ft of space along with a sought-after courtyard parking space, the house has a spacious entry hall, kitchen, dining room and cloakroom. The first floor has a large reception room with two Juliet balconies while the remainder of the home has two double bedrooms, both with en-suite bathrooms. There is only currently one, two-bedroom house for sale for more than 10 Three Kings Yard. The property is currently the only two-bedroom house which is up for sale within the historic, gated Three Kings Yard mews . The first floor of the home has a large reception room with two  balconies while the remainder of the home has two double bedrooms, both with en-suite bathrooms . The spacious Number 10 has now been put on the market with Wetherell Estates for the staggering sum of £4.25 million . The newly refurbished home, finished to a high quality specification, also offers Juliet balconies for extra outdoor space . Peter Wetherell, chief executive of Wetherell, said: 'This historic and private mews enclave is one of the most exclusive and sought after addresses in Mayfair. 'Newly refurbished and finished to a high quality specification, the mews house provides the perfect pied-a-terre for a discerning buyer wanting a stylish home in a heart of the capital and historic Mayfair.' Mews properties, which are located at the rear of large townhouses and mansions, have historically been used as stables, houses for servants, garages and businesses. But they have experienced a surge in popularity and value in recent times. Mews properties, which are located at the rear of large townhouses and mansions, have historically been used as stables, houses for servants, garages and businesses . In recent times, mews homes have experienced a surge in popularity and value with families, and business people looking for central London properties . The first ever copy of the Wetherell Mayfair Times, from 1985, shows the house was sold in less than a week for just £175,000 . The rather grand looking entrance to Number 10 Three Kings Yard where house-hunters can buy a slice of history but for a hefty price . Between 1932 and 1939, Dino Grandi (left) a Fascist Minister and a huge supporter of Benito Mussolini (right) was appointed as Italian ambassador to London . Founder of the British Union of Fascists, Sir Oswald Mosley . Before he founded the British Union . of Fascists, BUF, Sir Oswald Ernald Mosley was the MP for Harrow from 1918 to . 1924 being elected for the Conservatives before becoming independent . and then joining the Labour Party. He served as Chancellor of the Duchy of Lancaster in Ramsay Macdonald's Labour administration. He . resigned from the government in protest at their unemployment policies, . which he had tried to reform but found himself blocked by the party . hierarchy. He formed the . New Party which amalgamated with the BUF in 1932. Mosley allied himself with Nazi Germany. In October 1936, Mosley and . his supporters decided to march through Cable Street in the East End, . the home of a thriving Jewish community, to celebrate the fourth . anniversary of the founding of the party. By . 1pm on the day, around 2,000 of Mosley's Blackshirts had gathered around Cable . Street while around 500 Jews and anti-fascists congregated at Gardiner's . Corner. They ran to Cable Street where they armed themselves with sticks and formed a . barricade by overturning a lorry. At 3.30pm, Cable Street was the scene . of some of the worse street fighting seen in England and Mosley's . Bentley drove into Dock Street where it was pelted with bricks. Mosley's supporters began chanting his name while the anti-fascists . retaliated with the Internationale. Mosley then gave a Hitler salute and . was advised by the police to drive back through the City of London . rather than press ahead. Mosley gave a brief speech in which he accused . the government of surrendering to 'red violence and Jewish corruption'. At 4pm, the remaining fascists dispersed allowing the local to claim . victory. Mosley, father of ex-Formula One boss Max, was interned in 1940 and the BUF proscribed. He was . released in 1943, and, politically disillusioned in Britain, he moved . abroad in 1951, spending most of the remainder of his life in France. He died in 1980.
The Mayfair property is based in the historic Three Kings Yard mews which was once the Italian Embassy Chancery . During the 1930s it was used by Italian ambassador and huge supporter of dictator Benito Mussolini, Dino Grandi . He used the mews to arrange parades of the Blackshirts to celebrate Mussolini's birthday and Italian National Days . The home, two doors down from where the Italian ambassador lived, is now one of most expensive two-beds in history after going on sale for £4.25m- 25 times its cost in 1985 .