Boxy “Town Hall classical style” dictator crib ‘The Fountains’ on infamous The Bishops Avenue, N2 for sale for £3 million less than it listed for in 2012; this time it is destined for flattening
When we featured a 12,602 square foot house on The Bishops Avenue – a street often nicknamed ‘Billionaire’s Row” and a place where the Greek fashion tycoon Aristos Constantinou was shot dead on New Year’s Day 1985 with six bullets – in May 2015, it was for sale for £15 million.
Standing on a 0.65-acre plot, ‘The Fountains’ – originally named ‘Deans Cote’ and more simply known as just ‘39 The Bishops Avenue’ – has simply been left to rot in the time since and has now been placed on the market, but this time listed as just “land for sale.”
Gone, here, are the day of deviant dignitaries and dodgy despots entertaining in this house – built in 1926 and mocked more recently as “very boxy” and of a “Town Hall classical style” – and now, though much of the same furniture remains six years later, Knight Frank offer it for £12 million.
In spite of the £3 million reduction at a time when prices for houses with land has elsewhere risen, the seller has also spent time and money to gain planning permission to flatten the house and replace it with a larger 23,695 square foot “grand new build residence.”
Of the proposals, Knight Frank remark:
“The designs elevate the quality of the internal accommodation, offering increased lateral volume and a luxurious sense of space throughout.”
“The proposed residence comprises six-bedroom suites and a new lower ground floor with staff quarters and a range of additional amenity and leisure facilities including swimming pool, gym, cinema, catering kitchen and secure car parking.”
“The proposed landscaping for the private rear gardens includes a sensitive restoration of the historic water feature and pavilion.”
In 2014, whilst the Guardian revealed that of the 66 houses on the street, 16 were derelict and rotting, local estate agent Trevor Abrahmsohn bragged of it in 2006: “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 Numbers – The Fountains, 39 The Bishops Avenue, Hampstead Garden Suburb, London, N2 0BA, United Kingdom
April 2021 – Offered for sale for £12 million ($16.6 million, €13.9 million or درهم61 million) with planning permission to demolish and replace through Knight Frank’s Hampstead office.
May 2015 – Offered for sale for £15 million ($20.8 million, €17.3 million or درهم76.2 million) through Knight Frank and Glentree on behalf of executors of persons unnamed.