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| Owner | London Borough of Camden |
|---|---|
| Length | 1,536 m (5,039 ft) [1] |
| Location | London, England |
| Postal code | NW1, NW3, NW8 |
| Coordinates | 51°32′19″N0°10′10″W / 51.538555°N 0.169376°W |
Avenue Road is a street in the Swiss Cottage and St John's Wood districts of London, known for having some of the highest home property prices in the United Kingdom. [2] The street is popular with buyers who have replaced older houses with large mansions. [3]
Avenue Road forms the entire length of the B525, and runs from the Swiss Cottage gyratory system in the northwest to Prince Albert Road, near Regent's Park, in the southeast. Its short continuation southwards, on a bridge over the Regent's Canal, is called North Gate. Avenue Road is 1 km long.
Development of the Hampstead portion of Eyre Estate (known today as St. John's Wood) began in 1802 and was led by architect John Shaw Sr. In 1826, after the Finchley Road Act of 1826 passed, a new road that headed northward into the Hampstead portion of Eyre Estate's land was developed.[ clarification needed ] and was built[ clarification needed ] by 1829. By 1842, several houses called Regent's Villas were built in the Hampstead section of Avenue Road, and by 1852, 33 houses had been built.
By the late 18th century, the street had become home to some of the most famous London artists and writers, including James McNeill Whistler and John Singer Sargent. [4]
Although the road had had many large expensive houses for many years, in the late 2010s and early 2020s Avenue Road saw a flurry of high-net-worth buyers who purchased houses for the opportunity to replace them with brand-new mega mansions. [5]
The road mainly comprises large detached freehold "villa style properties" and is a key thoroughfare into central London, leading into Regent's Park and is widely considered to be one of London's most desirable residential destinations. [6] A 2020 survey completed by Lloyds Bank declared Avenue Road as one of the most expensive residential streets in the world and the most expensive in London. As of early 2021, current sale prices averaged over £30.5 million.
In 2015, an 11-bedroom mansion became, at the time, one of Britain's most expensive properties ever after selling for £40 million.[ citation needed ] The mansion was initially listed for £65 million but failed to find a buyer at that price point.[ citation needed ]
In 2017, a house owned by the late property developer Harry Hyams and designed in 1954 by the architect Richard Seifert was listed for sale at £16 million, with the expectation that the new owner would replace it with a larger house. [7]
In 2019, a vast double plot of about one acre sold for £38.5 million [8] with planning permission for a new 36,000 square foot mega-mansion, which would make it one of London's largest private homes.
In 2020, a 15,000 square-foot plot of land with a 6,000 square-foot mansion were put on the market with plans to develop a £40 million Malibu-style home.[ citation needed ] As of early 2021, there are believed to be 12 mansions under construction on the street with a total value of £500 million. [9]
In 2021, a 27,000 square foot mansion was put on the market at £75 million. [10]
At the north end are the grade II listed block of flats and shops known as Regency Lodge (designed by Robert Atkinson and A.F.B. Anderson) [11] and the grade II and architecturally notable Swiss Cottage Central Library, designed by Sir Basil Spence. [12]
At the south end is number 25, a detached villa built around 1830–1840 on the Portland Estate that is also grade II listed. [13]
Hampstead is an area in London, England, which lies four miles northwest of Charing Cross, and extends from the A5 road to Hampstead Heath, a large, hilly expanse of parkland. The area forms the northwest part of the London Borough of Camden, a borough in Inner London which for the purposes of the London Plan is designated as part of Central London.
St John's Wood is a district in the City of Westminster, London, England, about 2.5 miles (4 km) northwest of Charing Cross. Historically the northern part of the ancient parish and Metropolitan Borough of Marylebone, it extends from Regent's Park and Primrose Hill in the east to Edgware Road in the west, with the Swiss Cottage area of Hampstead to the north and Lisson Grove to the south.
Primrose Hill is a Grade II listed public park located north of Regent's Park in London, England, first opened to the public in 1842. It was named after the 64 metres (210 ft) natural hill in the centre of the park, the second highest natural point in the London Borough of Camden. The hill summit has a clear view of central London, as well as Hampstead and Belsize Park to the north and is adorned by an engraved quotation from William Blake. Based on the popularity of the park, the surrounding district and electoral ward were named Primrose Hill. The Primrose Hill district is in the London Borough of Camden, England.
A mansion is a large dwelling house. The word itself derives through Old French from the Latin word mansio "dwelling", an abstract noun derived from the verb manere "to dwell". The English word manse originally defined a property large enough for the parish priest to maintain himself, but a mansion is no longer self-sustaining in this way. Manor comes from the same root—territorial holdings granted to a lord who would "remain" there.
Swiss Cottage is an area of Hampstead in the London Borough of Camden, England. It is centred on the junction of Avenue Road and Finchley Road and includes Swiss Cottage tube station. Swiss Cottage lies 3.25 miles (5.23 km) north-northwest of Charing Cross. The area was named after a public house in the centre of it, known as "Ye Olde Swiss Cottage".
Belsize Park is an affluent residential area of Hampstead in the London Borough of Camden, England.
Kensington Palace Gardens is an exclusive street in Kensington, west of central London, near Kensington Gardens and Kensington Palace. Entered through gates at either end and guarded by sentry boxes, it was the location of the London Cage, the British government MI19 centre used during the Second World War and the Cold War. Several foreign diplomatic missions are located along it.
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Cornwall Terrace is a Grade I listed building of consecutive terraced mansions overlooking Regent's Park in the City of Westminster, London. It is situated at the park's southwest corner, near Baker Street, between York Terrace and Clarence Terrace, within the park's Crown Estate development. Cornwall Terrace was part of the scheme of the Prince Regent, later King George IV, to develop grand housing in Regent's Park. The buildings are Grade I listed buildings.
Nile Niami is an American former film producer turned real estate developer, who has developed and sold multi-million dollar mansions in the Los Angeles neighborhoods of Bel Air and Holmby Hills.
Maison de L'Amitié was a French Regency-style estate in Palm Beach, Florida, United States. The plot area was about 270,000 square feet (25,000 m2) and bordered a length of 492 feet (150 m) on the Atlantic Ocean. It was one of the largest and most expensive homes in the United States. The neoclassical palace had an area of 62,000 square feet (5,800 m2) and its outbuildings an area of 81,740 square feet (7,594 m2). Maison de L'Amitié had three outbuildings: a barn and two houses for guests plus a pool and hot tub. Besides the pool there was an outbuilding with two bedrooms and bathroom. A coach house was located next to the entrance gate, and the third outbuilding was located on the edge of a courtyard. The estate also included a 82,000 square feet (7,600 m2) tennis house.
Concierge Auctions is a residential real estate company based in New York and Texas. It auctions properties to the highest bidder.
Ilchester Place is a street in the Holland Park area of Kensington, West London, England.
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Media related to Avenue Road, London at Wikimedia Commons