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Multi-million pound homes on London’s billionaire’s row left to rot

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Multi-million pound homes on London’s billionaire’s row left to rot

Forgotten palaces: The multi-million pound homes on London’s billionaires’ row left to rot and crumble by their absent owners

  • Bishop’s Avenue in north London is a 66-house street which is reportedly worth a collective £350million  
  • Past homeowners include Sultan of Brunei, Saudi royals, Heather Mills, Sir Billy Butlin and Richard Desmond
  • Many homes on street, where two-bedroom flat costs £3million, have been uninhabited since the 1980s

By Isabella Nikolic For Mailonline

Published: 17:04 EDT, 28 June 2019 | Updated: 22:15 EDT, 28 June 2019

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Derelict images from one of London‘s most expensive streets reveal how the once magnificent mansions have been left to crumble. 

Bishop’s Avenue in north London, also known as Billionaire’s Row, is a 66-house street which has been home to some of the world’s most wealthy people. 

Past homeowners include the Sultan of Brunei, Saudi royals, Heather Mills and Sir Billy Butlin – founder of the holiday camps.

Billionaire Richard Desmond, former owner of Express Newspapers and founder of Northern & Shell which publishes Ok! magazine, also owned a mansion on the street.

Many of the luxury homes on the street, where a two-bedroom flat costs £3million, have been uninhabited since they were purchased in the 80s.  

A row of ten houses, worth £73million, has stood empty ever since they were reportedly bought by the Saudi royal family.

And in 2016 Justin Bieber was reported to be renting a 15-bedroom mansion on the street for £108,000 a month.

An investigation by the Guardian in 2014 found that the row of mansions is collectively worth roughly £350million.   

An Iranian resident told the paper: ‘Ninety-five percent of the people who live here don’t actually live here. It is a terrible place to live really.

‘It is very boring and the road is very busy. I don’t think many people want to live in such big houses anyway.’ 

Many of the homes were bought for around £1million in the late 80s but were never lived in and now a detached mansion on the street will go on sale for £15million.

The average house price in the UK is £230,776 which is 65 times less than the average £15million mansion on Bishop’s Avenue.  

Derelict images from one of London’s most expensive streets reveal how the once magnificent mansions have been left to crumble. According to the Financial Times, Barons Court has been owned by a Middle Eastern royal family since 1976. It is now on sale

Bishop’s Avenue in north London, also known as Billionaire’s Row, is a 66-house street which has been home to some of the world’s most wealthy people. Pictured is Redcroft mansion, which has been boarded up and left to rot 

Past homeowners include the Sultan of Brunei, Saudi royals, Heather Mills and Sir Billy Butlin – founder of the holiday camps. Pictured is The Georgians – one mansion in a row of ten whose collective value was estimated at £73million 

The once gleaming pillars and facade have been left to decay and crack as moss and weeds start to grow. According to the Sun, the inside of the mansion is covered in damp patches and rat droppings 

Warning signs on the front door say that the building is an ‘unsafe structure’ and that only authorised personnel are allowed to enter while wearing personal protective equipment 

Billionaire Richard Desmond, former owner of Express Newspapers and founder of Northern & Shell which publishes Ok! magazine, also owned a mansion on the street

Many of the luxury homes on the street, where a two-bedroom flat costs £3million, have been uninhabited since they were purchased in the 80s. A lot of the mansions are adorned with signs which warn passersby that the empty homes are guarded by dogs and have 24-hour CCTV cameras

A row of ten houses, worth £73million, has stood empty ever since they were reportedly bought by the Saudi royal family. According to an investigation done by the Guardian in 2014, a £7,314.54 order for kitchen equipment made in September 1992 was found inside Ilkley House

In 2016 Justin Bieber was reported to be renting a 15-bedroom mansion on the street for a whopping £108,000 a month. Some residents thought that his presence would entice more buyers

An investigation by the Guardian in 2014 found that the row of mansions is collectively worth roughly £350million and that many were reportedly registered to countries like the British Virgin Islands, the Bahamas and Panama – tax havens which mean their owners can remains anonymous

An Iranian resident told the paper: ‘Ninety-five percent of the people who live here don’t actually live here. It is a terrible place to live really’

He added: ‘It is very boring and the road is very busy. I don’t think many people want to live in such big houses anyway.’ Pictured is The Fountains, which went on sale for £13million but doesn’t currently appear very lived in 

Many of the homes were bought for around £1million in the late 80s but were never lived in and now a detached mansion on the street will go on sale for £15million

The average house price in the UK is £230,776 which is 65 times less than the average £15million mansion on Bishop’s Avenue

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