Repo-bargain hunters look away now… £29.5m, 48 The Bishops Avenue and - yes - on behalf of the receivers. But here’s the punchline. Current plans are for it to be knocked down, and replaced by a new property, plans submitted and approved. The new property would replace the 8,000 square foot home with a 46,000 sqaure foot mansion, with 21 bedrooms, 14 bathrooms and 12 reception rooms.
The property was bought be a former Pakistani cabinet minister, and was remortgaged for £50m at the peak of the market. Full particulars, photos and plans here.
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