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Detached house
The Bishops Avenue, London N2
£8,750,000
The Bishops Avenue, London N2
£8,750,000
Our Summary
- 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
- 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
- • Planning Consent granted
Description
This rare development opportunity on London's prestigious Bishops Avenue, also known as "Billionaire's Row", presents a chance to own a piece of prime real estate. The existing 1971 residence has approved planning permission to be replaced with a grand mansion of approximately 15,000 square feet, offering immense potential for a luxurious living space. With a 1/3 acre plot, the property has the flexibility to be built without a deadline, allowing the new owner to decide when to commence construction. The estimated construction cost is around £300 per square foot, with projections suggesting the finished mansion could be valued at a minimum of £1300 per square foot, making it a significant investment opportunity. The new build will feature 8 bedrooms, 7 bathrooms, 5 receptions, an indoor swimming pool, gym, cinema, sauna, staff accommodation, and underground parking, making it a truly unique and luxurious property.