Heath Hall, 59 The Bishops Avenue, Hampstead, London, N2

House 14 Bedroom 18 Bathroom 1 Garage 27,000 ft2

Heath Hall, 59 The Bishops Avenue, Hampstead, London, N2

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This 14-bedroom house was built in 1910 for sugar magnate William Park Lyle (Tate & Lyle). It has been restored and extended.

The property was bought by Andreas Panayiotou CEO of The Ability Group, a super-prime property developer. He was offered this estate as a development opportunity with planning permission for three new houses. However, he wanted to bring the property back to its former glory.

The Grade II-listed property was formerly known as East Weald and is now called Heath Hall. The property is located on The Bishops Avenue, Hampstead – a road in north London that contains many of the city’s most expensive houses. It is known locally as Millionaire’s Row or more recently, as Billionaire’s Row.

It is 27,000 sq. ft. in size, located in 2.5 acres of grounds. It has 14 en-suite bedrooms. Amenities include indoor and outdoor swimming pools, a home cinema, and an internal leisure complex with a gym, steam room and sauna. Heath Hall also possesses a wine cellar with storage for more than 600 bottles. Security features include a panic room.

The grounds cover 2.5 acres and with formal Edwardian-style gardens, a tennis court, outdoor pool and parking for up to 40 cars in addition to the five-car garage.

It was bought by property developer Andreas Panayiotou for £5 million; his subsequent seven year renovation cost an estimated £40 million. Panayiotou renamed the house Heath Hall and his renovation expanded the size of the house by a third.

Heath Hall was placed on sale for £100 million in 2012, with its asking price subsequently reduced by £35 million to £65 million in March 2013. The house eventually sold for £25 million in March 2015.

01.10.2011 Property launched to market with a guide price of £100,000,000
14.03.2013 Price reduced to £65,000,000
01.03.2015 Property sold with a guide price of £25,000,000

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