Davies, who owned the disused chapel at the time, has now been fined £60,000 and ordered to pay another £240,000 costs for breaking planning laws.
Davies's own costs in the last three years were estimated at more than £250,000. He has already sold his Aston Martin and a Lamborghini Spider to raise funds for his court costs.
Issuing the fine, Judge Williams said the work Davies had done to the seven-bedroom house was 'vandalism'. He told him: "You turned the house into something comparable to a hidden palace of an iron curtain dictator."