The Bishops Avenue, London N2, connects the north side of Hampstead Heath at Kenwood (Hampstead Lane), Hampstead to East Finchley and is on the boundary between the London Boroughs of Barnet and Haringey. It is considered to be one of the wealthiest streets in the world.  The road is often referred to by its nickname of "Billionaires' Row".
The 66-house street runs downhill north-south and with the parallel Winnington Road displays a variety of architectural styles. Many of the houses, including the Toprak Mansion, are influenced by designs of Ancient Greece, Egypt and Rome, as well as traditional English country houses. Average property prices on the avenue surpassed £1 million in the late 1980s and each property occupies a 2-3 acre plot. In 2006, the smallest houses in the street were selling for £5 million while a larger house, Turkish tycoon Halis Toprak's 30,000 sq ft (2,800 m2) Toprak Mansion, sold amidst great secrecy to the President of Kazakhstan, Nursultan Nazarbayev, for £50 million in January 2008, making it one of the most expensive houses in the world, as listed by Forbes magazine. Homes on the street are on the market for up to £65 million.
The Bishops Avenue is home to monarchs, business magnates, and celebrities. An estate agent for the area, Trevor Abrahmsohn was quoted in 2006 as saying: "Among the wealthiest circles in the world, The Bishops Avenue is better known than Buckingham Palace. It's a significant demonstration of status. If you live there, you don't need to explain to people that you're rich."
The Guardian revealed in 2014 that in total 16 of the properties (an estimated worth of £350 million) are derelict and have not been lived in for several decades. According to one resident, perhaps only three of the houses are occupied on a full-time basis. One house, Heath Hall, was originally put on the market in 2011 for £100 million, but was later sold in 2015 for £25 million. Most of the properties in the most expensive part of the avenue are registered to companies in tax havens including the British Virgin Islands, Curaçao, the Bahamas, Panama, and the Channel Islands, allowing international owners to avoid paying stamp duty on the purchase and to remain anonymous.
Owners of houses on the street include the Sultan of Brunei and members of the House of Bolkiah, publisher and newspaper magnate Richard Desmond, art collector and philanthropist Poju Zabludowicz, industrialist Lakshmi Mittal, and property tycoon Andreas Panayiotou.
^ a b "Nigeria Millionaires Row – The Bishops Avenue Hampstead London!". Mercy HomesUK. Retrieved 29 June 2014.
^ a b "Andy Panayiotou owns most expensive house in UK". Parikiaki.com. Retrieved 29 June 2014.
^ a b c d "Down on Billionaires Row..." London: The Observer. 2006-04-30. Retrieved 2009-01-09.
^ "Character Appraisal: The Bishop's Avenue" (PDF). London Borough of Barnet. 1999-02-01. Retrieved 2007-05-16.
^ "Your chance to snap up a new home in Britain's 'blingest' street... that's if you have a spare £65million to spend". Mail Online. Retrieved 30 June 2014.
^ "Britain's blingest road". London: The Times. 2005-05-22. Retrieved 2009-09-21.
^ Foggo, Daniel (2008-11-09). "Kazakh leader 'secretly owns' £50m home". London: The Times. Retrieved 2009-01-09.
^ a b c d e Booth, Robert (31 January 2014). "Inside 'Billionaires Row': London's rotting, derelict mansions worth £350m". The Guardian (London). Retrieved 8 February 2014.
^ "Finchley Manors". A History of the County of Middlesex. British History Online. 6: 55–59. 1980. Retrieved 2007-05-16.
^ Abrahmsohn, Trevor. "Estate Agent". Retrieved 19 February 2014.
^ Miller, Daniel (27 March 2015). "Now that's a sweet deal! Tate & Lyle sugar tycoon's mansion on Hampstead's Billionaires' Row sells for knock-down £25million - a QUARTER of the original asking price". Daily Mail. Retrieved 11 September 2015.
^ "Heather Mills' £2.5m bargain pad". The People. 2008-12-28. Retrieved 2009-01-09.
Map and aerial photos The relative plot size between The Bishops Avenue and Winnington Road, the parallel road to the west is striking.
Barnet Council Planning applications. Full documentation, usually including detailed plans, is available for decisions since 2006. (Public userid/password: barnet/barnet).
Alison Beard, Billionaire's Boulevard, Financial Times, 22 June 2007.
This page was last edited on 10 December 2018, at 11:03 (UTC).