Description
A rare development opportunity on the prestigious Bishops Avenue. Owned since 1971, Avenue House is now poised for a transformative journey with approved planning permission to replace the existing residence with a grand mansion of approximately 15,000 square feet. Notably, this permission comes with the flexibility of no deadline to commence construction. This represents an extraordinary chance to own a piece of one of London's most prestigious locations, set on a 1/3 acre plot along The Bishops Avenue—also known as 'Billionaire’s Row'. This avenue is renowned for its grandiose homes and proximity to Central London, marking it as a highly sought-after address.
Development Insights
Professional builders estimate the construction of this super mansion on the plot at about £300 per square foot. With planning permission for nearly 15,000 square feet of space, the potential for this property is immense. Our projections suggest that once constructed, the mansion could be valued at a minimum of £1300 per square foot, underscoring the significant investment opportunity at hand.
Executive Summary
• The Bishops Avenue Hampstead, London, United Kingdom
• Widely recognised as the ‘Billionaire's Row'
• One of the most desirable addresses in prime London and celebrated throughout the world for its grand houses and its past & present, infamous & celebrity owners
• New Build Super Mansion Circa 15,000 sq. ft by Messers Charlton Brown Architects has been designed for the location
• 1/3rd Acre Plot
• Planning Consent GRANTED
• ‘Technical Start’ has been recognised by Barnet London Borough Council meaning the normal time limit, to commence construction, is now lifted
• The New building creates: 8 Bedrooms, 7 Bathrooms, 5 Receptions, an Indoor Swimming Pool, a Gym, a Cinema, a Sauna, Staff accommodation, and Underground parking
• A ‘Buyer Information Pack’ can be made available for this property. Please request more information before submitting any offer.
• Should any offer be successful on this property the offer will be subject to a 'Reservation Agreement' with the seller.
