Friday 9 August 2019 7:00 am

This cottage might be the cheapest house on one of the world’s wealthiest streets

As the name suggests, Billionaire’s Row in Hampstead Garden Suburb is home to some of the capital’s most prestigious properties, as well as some of the priciest.
Also known as The Bishops Avenue, the street is known for its palatial mansions and attracts super-wealthy buyers looking for more space and seclusion than the likes of Knightsbridge and Mayfair can offer.

Houses generally start at £10m, and at the upper end have fetched more than 10 times that.

A property coming to market on the street is a fairly rare occurrence, and many have been in the same hands for 20 years or more. However, one of the street’s more modest homes has just been listed with Arlington Residential with a price tag of £3.55m. This is 10 times less than the other property currently being sold on the street, which is listed at a hefty £35m.

The 3,200 sq ft arts and crafts-style cottage spans three floors and has six bedrooms, four living areas, three bathrooms and an extended kitchen. It has also retained its original parquet flooring across the ground level. Set back from the road, the property has gardens to the front and rear and a large double garage which could be converted to a studio, playroom or accommodation for guests or household staff.

The Bishops Avenue straddles the boroughs of Barnet and Haringey. Most of the street is actually closer to Finchley than Hampstead, and the property being sold is a couple of minutes’ walk from East Finchley underground.  Hampstead Heath and Highgate are both a short distance away, and the street is bounded on either side by Hampstead Golf Club and Highgate Golf Club. It is also close to the stately home, Kenwood House.

Former residents of the street have included singer Justin Bieber, press baron Richard Desmond and steel magnate Lakshmi Mittal, as well as scores of overseas royals and exiled politicians.

Marc Schneiderman, founder of Arlington Residential which is selling the property, says it “represents an opportunity to buy a home offering family accommodation on this world-renowned street of mansions and ambassadorial residences.”

He adds: “At an asking price of under £1,000/ sqft and in a plot of just under one third of an acre, on perhaps one of the world’s most famous streets, this home is not expected to be available for any length of time.”