Derelict London Mega-Mansion Sells on 'Billionaire’s Row'
A ramshackle estate asking £15 million (US$18.2 million) on one of the poshest roads in prime London has finally traded hands, property agents Aston Chase announced on Monday.
Kenmore House, a 1.7-acre ghost property that’s stood empty and derelict for the last 15 years, is one of only 66 large estates on The Bishops Avenue, known as Billionaire’s Row for the slate of extravagantly wealthy residents.
Photos of the boarded-up property reveal the remnants of what was once a stately Victorian red-brick mansion. The massive L-shaped Arts and Crafts-style home was built in 1896 with around 12,000 square feet, including 10 bedrooms, and a full-sized tennis court.
The home traded hands in the late 1990s for £5.2 million to owners who spent years attempting to expand and redevelop the mansion, according to public records.
A 2006 overview of the home described marble-clad floors, an entryway featuring Tuscan Doric columns, a sauna and bedrooms with en-suite bathrooms, according to an expired planning application.
A local planning council eventually approved plans in 2011 for a 30,000-square-foot mega-mansion that would have included a cinema, gym, ample staff quarters, and an indoor pool wing with its own hammam and bar, according to floor plans submitted with the planning application.
But the home was never built and a title transfer valued at £20 million was quietly recorded in 2013, property records show.
The estate—reportedly one of many empty mansions on that street, some belonging to ultra-wealthy absentee owners—has been on and off the market ever since.
Now, the latest sale opens a new chapter for the once-grand home, said Mark Pollack, co-founder and director of Aston Chase.
Kenmore offered a fantastic opportunity to invest on The Bishops Avenue, Mr. Pollack said in a news release. "The size of this plot and lapsed planning consent indicate Kenmore House has the potential to be developed into a boutique scheme of luxury apartments or redeveloped into a super-prime family home."