Would you pay £22.5million for a ruin? A mansion on one of the most expensive streets in the country that was left to rot is now up for grabs
- A mansion on one of Britain’s most expensive streets is up for sale for £22.5million
- The six-bedroom house is currently empty and has been left to rot
- The property overlooks Highgate Golf Club and has a large overgrown garden
A £22.5 mansion on one of Britain’s most expensive streets has been left to rot and now stands empty, ready to be demolished and started over.
The property sits on nearly an acre of land at the end of Compton Avenue, a private, tree-lined road with about 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 overgrown with weeds.
Greenery also encroaches on the facade of the white house and its windows.
This six-bedroom property sits on one of Britain’s most expensive streets, Compton Avenue
Compton Avenue is frequently named in the top 10 most expensive streets in Britain, with the average house price being north of £10million.
The prestigious road is in Highgate, where the average price of a house sold over the past 12 months is £1,420,751, compared to just £316,683 for the whole country, according to property website Zoopla.
The property is empty and has been left to rot meaning it 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 Compton Avenue entrance 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 six bedroom detached house spanning over 18,000 square feet, with a separate lodge or alternative accommodation.
The plans also have a basement with underground parking and leisure facilities including a cinema, gym and swimming pool.
There are no images of the interior of the existing building as it would be in such poor condition.
The property is being sold by Bargets Estate Agents, who describe the existing six-bedroom property as “in very 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 benefits from good access to public transport, with Highgate and East Finchley tube 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 major renovation, it comes with full planning permission for a new six-bedroom house and is within walking distance of picturesque Hampstead Heath with its many shops, bars and restaurants.”