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It’s one of the priciest streets in England with some of the most sought after properties in the country. But behind the doors of many of the mansions on The Bishops Avenue in north London (“Billionaires’ Row”), there is little in the way of opulence or luxury. It is estimated that a third of the homes, worth an estimated $582 million, are in a state of disrepair after lying vacant for decades.

London Mansion

The pricey Heath Hall is on the market for $91million.

Despite their poor condition, the houses remain a safe place for the wealthy to invest their money because of London’s rocketing property values, which rose 11% last year, and because of the road’s reputation as a hotspot for the rich and famous.

London Mansion

A crumbling ballroom in one of the mansions along The Bishops Avenue in north London

Of the homes that are occupied, even those are used infrequently by their owners for short periods each year, with residents complaining that there is little in the way of a ‘community.’

Read more on this story at:

CNN.com
U.K’s MailOnline

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Real Estate

4 Responses

  1. DBCoop says:

    This is the flip side to the grandeur of Downton Abbey's Highclere Castle and many other of Great Britain's historical National Trust properties, each one a treasure that serves as a poignant reminder that with great wealth comes great responsibility. http://blog.hgtv.com/design/2014/02/28/the-abando

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Grant DudleyGrant is the editor-in-chief of Design Happens and digital programming manager of HGTV.com. Despite growing up begging his mom not to ever drag him to another antique store, today his...

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