Rio Ferdinand made a huge loss on his plush mansion in Alderley Edge, Cheshire, slashing the price by an incredible fifty percent as he tried to offload the family home he once shared with his late wife.
The former Manchester United footballer, 40, originally put the vast house up for sale at £4.5million, but according to The Sun after another price drop to £3million, he dropped it again to £2million for the sale earlier this year.
Rio, who proposed to ex TOWIE star Kate Wright, 26, last month, once shared the home with his late wife Rebecca Ellison and their three children, before her death from cancer three years ago at the age of 34.
Moving on: Rio Ferdinand, who proposed to Kate Wright last month (left) made a huge loss on his plush mansion in Alderley Edge, Cheshire, dropping the price by an incredible fifty percent as he desperately tried to offload the family home he once shared with his late wife Rebecca (pictured right with Ferdinand)
Price drop: The former Manchester United footballer. 40, originally put the vast home up for sale at £4.5million, but according to The Sun after another price drop to £3million, he has since dropped it again to £2million
Insiders claim Rio was keen to sell up in Cheshire as he is now based in London with Kate and his children, and is desperate to move on from the seven-bedroom house.
A source said: 'This house holds many happy memories. But Rio's life is in London and he's trying to move on.
'He got engaged to Kate recently with the blessing of his children and there is no need for them to keep hold of this place 200 miles away.'
Representatives for Rio have been contacted by MailOnline for comment.
Family home: Rio, who bought the seven bedroom house in 2003, shared the home with his late wife Rebecca Ellison and their three children, before her death from cancer three years ago at the age of 34
Rio's house, which he purchased for £2.5million at the height of his Manchester United career in 2003, boasts a swimming pool, Jacuzzi and a gym with floor-to-ceiling windows which overlooks rolling hills.
The seven bedroom, six bathroom period home also includes 1.5 acres of lawns, a bar and two garages and of course it's in the prime footballer's location of Alderley Edge.
Retired footballer turned pundit Rio popped the question to his girlfriend Kate on a rooftop in front of the Dubai nightscape last month.
Rio carried out the marriage proposal in front of his three children Lorenz, 12, Tate, 10, and Tia, seven, as it was revealed the footballer was given the blessing of his late wife Rebecca to find love again.
Taking to her Instagram account to share the happy news with her followers, Kate wrote: 'The perfect end to our holiday ... How could the answer not be yes.'
New life: Insiders claim Rio is keen to sell up in Cheshire as he is now based in London with Kate and his children, and no longer has a need for the property 200 miles away
Nice pad: Rio's house, which he purchased at the height of his Manchester United career in 2003, boasts a swimming pool, Jacuzzi and a gym with floor-to-ceiling windows which overlooks rolling hills
The former England star proudly revealed he had included his kids in his proposal plans, and praised them for keeping the secret for so long.
Posting a sweet snap of the trio watching the special moment, he wrote: 'She said yes. How these 3 kids kept it a secret I'll never know.'
The reality star started dating Rio in early 2017, two years after he tragically lost his wife Rebecca following a short battle with cancer.
Rio revealed last year that Rebecca had encouraged him to find love again once he passed, in a conversation with her friend Lisa.
He told The Sun: 'Rebecca told Lisa something in the final weeks of her life. Months later Lisa told me what it was... "It kills me to think of Rio with a new partner, Lisa, you know it does. Of course it does.'
Prime location: The seven bedroom, six bathroom period home also includes 1.5 acres of lawns, a bar and two garages and of course it's in the prime footballer's location of Alderley Edge
"'But you know what kills me even more? Thinking of him alone and lonely. If I don't make it, Lisa, I don't want Rio to be miserable. I want him to be happy."'
Rio has previously spoken about the positive impact Kate has had on his children since the tragic passing of their mother.
Rio explained: 'My relationship with Kate has helped in that they have got a female in the house now.'
The former TOWIE star has also spoken out about her close relationship with the children, revealing they are keen for her to have a baby so they have another sibling to play with.
In spite of her close relationship with Rio's children, Kate has said their late mother is 'irreplaceable' and she works hard to keep Rebecca's memory alive.
Engaged: Retired footballer turned pundit Rio popped the question to his girlfriend Kate on a rooftop in front of the Dubai nightscape last month
Celebrate in style wearing Kate's lace midi dress from Nasty Gal
Congratulations to Rio Ferdinand and Kate Wright, who have announced their engagement. And didn't the bride-to-be look beautiful when her fiancé proposed?
She went for wedding vibes (inadvertently?) in a white lace midi dress, which is from none other than Nasty Gal. We're head over heels in love with the intricate laser cut lace fabric, flattering midi length and plunging neckline.
Sadly, and not surprisingly, it's now sold out but click (right) to shop the new arrivals.
Or copy Kate in one of the lace dresses we've got lined up for you in the edit below. Jarlo, French Connection and PrettyLittleThing have got our favourites, or if you've got a really special occasion in the diary, splash out on Self-Portrait...
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Speaking during an appearance on This Morning in May, she said: 'You only have one mum, their mum is irreplaceable.
'There's a special room in the house, for their [late] mum and their nan – they might do homework there for example. We always celebrate Rebecca's birthday, we all go to cemetery together. We do talk about their mum, I know a lot more about her than they think.'
The star quit The Only Way Is Essex in April 2017 in a bid to focus on her life with Rio and his children, but although people might not understand her decision, she says it was a no-brainer.
Kate explained: 'Everyone thinks I'm crazy, even my mum was like, 'You're mad!' But I had two choices. I was in this world of drama and in the public eye.
Family: Rio carried out the marriage proposal in front of his three children Lorenz, 12, Tate, 10, and Tia, seven, as it was revealed the footballer was given the blessing of his late wife Rebecca to find love again
'Then I met Rio, he had children who lost their mum, they didn't have a woman in their lives. Someone needs to be at home and give them love.'
Rio met Rebecca, a former fitness trainer and accountant, while he was at West Ham United in the late 1990s. The pair married in the Caribbean in 2009.
Rebecca was diagnosed with breast cancer in 2014 but had appeared to be clear of the cancer following treatment. But a scan earlier in 2015 revealed it had returned and spread to her bones and she died just five weeks later on May 1.
The BT Sport pundit opened up about his loss in a BBC documentary - Rio Ferdinand: Being Mum and Dad, in which he explored ways of managing grief. The programme won the Single Documentary Award at the TV BAFTAs 2018.
Rio was still playing professional football for Queens Park Rangers when Rebecca lost her battle with breast cancer, but retired the same month without playing a further match. He has since made a successful career for himself as a pundit.
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News Pictures Rio Ferdinand's plush Cheshire mansion slashed to half price
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