Worst House on the Street Logo
The Bishops Avenue, London - Image 1
The Bishops Avenue, London - Image 2
The Bishops Avenue, London - Image 3
The Bishops Avenue, London - Image 4
The Bishops Avenue, London - Image 5
The Bishops Avenue, London - Image 6
The Bishops Avenue, London - Image 7
The Bishops Avenue, London - Image 8
The Bishops Avenue, London - Image 9
The Bishops Avenue, London - Image 10
The Bishops Avenue, London - Image 11

The Bishops Avenue, London

London

£20,000,000
Listed on 25/07/2024

Property Details

Bedrooms
8
Type
Detached house

Description

This expansive 8-bedroom residence, spanning approximately 13,900 square feet, is ideally positioned within a prominent 150-foot frontage along the renowned Bishops Avenue. Situated on a substantial .95-acre elevated plot, the property presents significant renovation and investment potential for buyers looking to customize or modernize a home in one of the area’s most prestigious neighborhoods. The house requires refurbishment and offers an opportunity to reimagine its layout and design. Key features include a grand 20-foot reception hall with an impressive sweeping staircase, a double reception room characterized by soaring ceilings and large windows that invite natural light. Additionally, there is a sizeable entertainment space measuring 45 feet by 30 feet, equipped with a DJ booth and stage—ideal for hosting gatherings or events. The property also boasts seven to eight bedroom suites, along with staff quarters accessible via a separate staircase. A lift provides convenient access to all floors. For those who value outdoor amenities, the grounds feature a full-size tennis court complete with a changing pavilion, enhancing the lifestyle possibilities that come with this spacious home. The gated carriage driveway allows for secure parking of at least ten vehicles alongside two garages. The location offers convenient access to the verdant expanses of Hampstead Heath and the picturesque Kenwood House. Highgate and Hampstead are just minutes away by car, allowing residents to explore an array of boutique shops and fine dining options. With The West End reachable in approximately 30 minutes, this property combines suburban tranquility with urban accessibility—making it an attractive prospect for investors or those seeking to create their dream home in an exceptional setting.

Investment Analysis

(N2 area)
Area Average
£788/sq ft
Avg Rent (weekly)
£702
Avg Yield
2.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,000,000 - £2,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (N2)

Area prices are falling by +18.3% over the last 12 months
3 year growth: -15.1%
5 year growth: -8.6%
Investment Disclaimer: Analysis based on N2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Bishops Avenue, London
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£73,265
Based on a loan of £15,000,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a survey for this property?

Book a professional assessment to identify potential issues and property condition

RICS qualified surveyors

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE