Would you pay £22.5M for a ruin? Mansion on one of the most expensive streets in the country that’s been left to rot is now up for grabs
- A mansion in one of Britain’s most expensive streets is for sale for £22.5million
- The six-bedroom house currently stands empty and has been left to rot
- The property overlooks Highgate golf club and has an large, overgrown garden
A £22.5 mansion in one of the most expensive streets in Britain has been left to rot and now stands empty, ready for someone to knock it down and start over.
The property sits in almost an acre of land at the end of Compton Avenue, a private tree-lined road with around half a dozen luxury homes sitting on either side.
The six-bedroom property is at the end of the road, overlooking Highgate golf club, with a gated driveway that is overgrown with weeds.
The greenery is also encroaching on the front of the white house and across its windows.
This six-bedroom property is on one of the most expensive streets in Britain, Compton Avenue
Compton Avenue is frequently named in the top 10 most expensive streets in Britain, with the average price of a home being north of £10million.
Th prestigious road is in Highgate, where the average price of a home sold in the past 12 months is £1,420,751, compared to just £316,683 for the country as a whole, according to property website Zoopla.
The property stands empty and has been left to rot, meaning that is now ‘currently uninhabitable’
The property is on the market with an asking price of £22.5million and is being sold by Bargets estate agents
At the entrance to Compton Avenue, there is a gate with 24 hour security, to help protect the private road.
The property is being sold with full planning permission for a detached six-bedroom house extending to more than 18,000 square feet, with a separate pavilion or alternative accommodation.
The plans also have a basement with underground car parking and leisure facilities, including a cinema, gym and swimming pool.
There are no images of the interior of the existing building as it is reportedly in such a bad state.
The property is being sold by Bargets estate agents, which describes the existing six-bedroom property as in ‘extremely poor condition’ and ‘currently uninhabitable’.
The property is at the end of a private road, where there is a gate with 24 hour security at the entrance to the road
The six-bedroom property has an overgrown garden and overlooks part of Highgate golf club
Compton Avenue is close to Kenwood and Hampstead Heath and there are several schools nearby, including Annemount School and Highgate primary school.
The property also has good access to public transport, with both Highgate and East Finchley London Underground Stations less than a mile away.
Daniel Copley, of Zoopla, said: ‘This secluded property could be the perfect project for a buyer with deep enough pockets.
‘Although the site is in need of significant refurbishment – it does come with full planning permission for a new six-bedroom home and is a stone’s throw away from scenic Hampstead Heath with its many shops, bars and restaurants.’
