Gwyneth Paltrow is letting go of her Los Angeles home after selling the property—which she purchased with ex-husband Chris Martin—for a whopping $22 million.

Paltrow and her ex-husband, Coldplay singer Chris Martin, purchased the 1950s single-story home for $9.95 million in 2012.

The sale was due to Paltrow's desire to downsize, her realtor told the Wall Street Journal, now that her (and singer Chris Martin's) children, Apple and Moses, are growing up and attending college at Vanderbilt and Brown, respectively.

Less than a month after the Los Angeles wildfires threatened to destroy it, Gwyneth Paltrow’s longtime home in Los Angeles’ Brentwood area has sold for $22 million.

Gwyneth Paltrow sold her Brentwood mansion for $22 million, significantly lower than her original asking price.

Gwyneth Paltrow is officially moving house. The actress, 52, recently sold her Los Angeles mansion for $22 million, The Wall Street Journal reported on Monday,7. The home was initially put on the market for $29.

Hollywood actor and businesswoman Gwyneth Paltrow has sold her Los Angeles mansion for a whopping $22 million, according to The Wall Street Journal. The 8,000 sq. ft. property is located in Mandeville Canyon, an upscale area of Brentwood neighborhood.

Gwyneth Paltrow’s 1950s house in the Lower Mandeville Canyon neighbourhood of Los Angeles has sold for $US22 million ($AU35.2 million) after seven months on the market. It’s substantially less than her original asking price of $US29,990,000 ($AU48 million).

Gwyneth Paltrow has sold her LA home for $8 million less than her original asking price. The actor and entrepreneur sold the Brentwood, California property for $22 million (£18 million) - around $8 million (£6 million) less than she had originally asked for.