LONDON, UNITED KINGDOM
AVERAGE SALE PRICE
London, United Kingdom
3 occupied full time, 16 unoccupied for more than a decade
Hosting some of the most expensive properties in London, the Bishop’s Avenue is a street that has been dubbed ‘The Billionaires Row’. While all the properties are owned, only about 3 properties are occupied on a full-time basis. A third of the mansions are constantly standing empty and 16 properties are occupied only periodically. As most owners treat these houses as investment rather than homes, many of these mansions has fallen in ruins after being vacant for more than 25 years. In 2016, there are reportedly 16 derelict properties on the avenue.
Part of the reason for the derelict is the lack of buyers for these properties. Many houses have continuous dropping prices due to the lack of interest on the housing market. In 2016, Justin Bieber moves in to one of the mansions in Bishop’s avenue, and it was at the time suspected to cause a renewed interest in these properties.
RELATED MEDIA COVERS
THE GUARDIAN: Inside 'Billionaires Row': London's rotting, derelict mansions worth £350m
BUSINESS INSIDER: Step inside a £25 million mansion on London's 'Billionaire's Row'
TIMEOUT: This map shows London’s 20,000 empty homes