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THE BISHOPS AVENUE
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THE BISHOPS AVENUE, London
The Bishop's Avenue London, N2 in the London
Borough of Barnet is one of London's most exclusive residential
thoroughfares. It is named after the Bishop's Wood, originally
owned by the Bishop of London through which it runs. The Bishop's
Avenue connects the north side of Hampstead Heath at Kenwood
(Hampstead Lane) to East Finchley and is on the boundary of
the Borough to the London Borough of Haringey.
The road is a favourite with the international
ultra-rich and is often referred to by its nickname of "Millionaires'
Row" (although recently, it has been referred to as "Billionaire's
Row" in keeping with inflation), and each property occupies
a 2-3 acre plot, which is relatively palatial for London.
During the mid 1990s, the street came to resemble a building
site with many of the original houses being re-built. Properties
on the street now have a vast array of individualistic architectural
styles.
Property prices on the street sailed past
the £1 million mark in the late 1980s[2], with house
prices now typically starting from about £5,000,000
($9,497,759 USD), with no upper bound. Currently Turkish tycoon
Halis Toprak's 30,000 sq ft home, styled around a Greek temple,
is for sale at £50 million ($94 million USD), making
it one of the most expensive houses in the world, as listed
by Forbes magazine.
Amongst the road's rich and famous residents
are the Saudi Royal Family, whose London residence is situated
there, although details of other residents and their addresses
are kept relatively sketchy. Construction is constantly underway
on The Bishops Avenue and prospective residents will purchase
large properties as they become available, only to flatten
them and construct their own from scratch. Another practice
is to purchase any available property on the road, with the
intention of moving to another non-available site, and to
subsequently move when the more desired plot becomes available;
however, there has been some recent press attention into whether
the Bishop's Avenue has entered something of a decline. This
has been mainly attributed to the fact that the road often
appears to be very 'dead', because many of the residences
do not appear to be primary residences, with the owners often
residing abroad. Property switches hands frequently between
the road's existing residents, and prominent corner positions
are popular, as are some of the sites which are completely
concealed from the road with gardens.
The Avenue is noted for the number of entrepreneurs
and tycoons residents on it - the sudden influx of self-made
billionaires (as opposed to aristocracy) is a recent phenomenon
in London, and the Avenue is therefore markedly different
to the highly exclusive but much more subtle and subdued character
of areas such as Belgravia or Mayfair.
The fairly lax planning regulations on the
road have resulted in some astonishing, and certainly unconventional,
constructions as residents vie for attention and prestige.
The exact details of properties on the avenue are not readily
available although it appears that swimming pools, tennis
courts, elevators and even private bowling alleys are popular.
The designs of some of the houses, nearly
all of which are surrounded by high fences and security gates,
have been criticized by various local and council groups although
the wealthy residents, with the enormous houses eligible to
very heavy taxation, usually gain planning permission from
the local council, and some would argue that given the developments
which have been allowed to take place, the architectural blend
of questionable taste has become the avenue's signature style
and it would therefore be pointless to try and restrain or
restrict future development.
Famous residents:
Dame Gracie Fields
Lakshmi Mittal
Billy Butlin
Saudi Royal Family
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