The asking price of Grand Designs' most expensive property has been slashed by almost £1 million ($1.95 million) in just six months.

Bram and Lisa Vis took the drastic step of dropping the price of their six-bed ultra-modern property to £2.99 million - less than the project cost to complete.

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The huge home is set within 0.8ha of land with an additional 1.5ha of private beach, along with a heated swimming pool and a jacuzzi.

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The luxury home on the Isle of Wight was completed in 2014, and featured on Grand Designs in the UK the following year.

During the programme, presenter Kevin McCloud explained how the project had cost the owners "more than they could ever have imagined".

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He went on to describe it as "the most expensive project I have followed".

The couple's original budget was £835,000. This was to cover the cost of the build and did not cover the cost of the land that came with its own private beach.

But the finished cost of the build was significantly more - in fact, almost three times as much - at £2.2 million.

Add in the £935,000 cost of the land, and the owners suggested the property cost a total of "£3.2 million to £3.3 million" - making it the most expensive project to appear on the show.

During the programme, accountant Bram explained the couple's financial woes, saying: "The mortgages are not necessarily a problem. Paying them off might be a problem.

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"We are not really worried about that at the moment because we are more worried about getting the money to finish off the house."

The 668sqm property is called Fairways and is in the Isle of Wight coastal village of Quarr.

It has six bedrooms, including a master bedroom suite that comes with a roof terrace.

The bespoke property also boasts a games room, a music room, a gym and a laundry room.

State-of-the-art technologies includes triple glazed windows, and ground source heat pumps that heat the property via underfloor heating.

McCloud stated in the programme: "It is going to look like a case study house of international modernism. There is that, there is also a faint whiff of footballers' wives about this place."

- Daily Mail