THE new owners of a historic 16th century Worcestershire mansion have been revealed as two 20-something millionaire property entrepreneurs.

Brothers Samuel and Russell Leeds – who left school at the age of 16 - snapped up Ribbesford House and revealed they plan to restore it to its former glory with a development of luxury apartments for rent. There are another two cottages on the 8.15-acre site, bordering the River Severn, which may be turned into holiday lets.

The Leeds brothers paid £800,000 at auction for the Grade II listed estate which boasts a wealth of history going back to William the Conqueror. It is already split into 12 flats, but part of the roof is caving in and the tenants moved out in September.

Russell Leeds, 29, said the mansion nearly slipped through their hands after they were outbid, but the buyer withdrew and they were offered it the next day.

He said: “We are highly conscious of its history and the importance of preserving the building. It has immense character and we intend to return it to its heyday.”

And 27-year-old Samuel added: “The accommodation really is vast and would suit people who love the country life but also want to be close to urban facilities.”