David Beckham and wife former Spice Girl Victoria sold their mansion, also known as Beckingham Palace, for a whopping £12 million, as reported by the Mirror.

It was in April 2012 when the Beckhams finally decided to sell the property.

The real estate property is located in Hertfordshire, and the stylish couple bought only it for £2.5 million in 1999. The Georgian-styled mansion was purchased only three months after their grand wedding. They got £9.5 million profit from when they acquired it 14 years ago. The Mirror also reported that the Beckhams will use the money from the Hertfordshire mansion to invest in another property situated in central London worth £45 million.

Whoever bought the property will have access to 12-acres of land, a recording studio, and a golf course as well as several sports cars, which supposedly include Beckham's Ferrari and a couple of his Jaguars, and their French house worth £2.5 million. The house also has a gym and a snooker room. It has a total of seven bedrooms.

"David was particularly sad to sell the home because they had so many memories there," a source told the Daily Mail. "They have had years of happiness in the house," the source added.

The British couple's kids Brooklyn, Romeo, and Cruz stayed in the mansion for quite a long time before they moved overseas, following the demands of Beckham's football career. Now that Beckham has retired, they seem to be going back to London, near their children's school and to take benefit from the education system.

"The couple's decision to sell the house is the beginning of a new era for the family," another source said. "They haven't stayed in the house for two years anyway," the source added.

Surely, the details of Victoria and David Beckham's new house will be revealed to the press and the media as soon as the couple acquires it.