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Sneaking into the Millionaire Cult Gang Estate in London | Abandoned Mansions Everywhere

Автор: Exploring with Fighters

Загружено: 2025-12-13

Просмотров: 24980

Описание:

“Billionaire’s Row” Effect

Winnington Road sits right next to The Bishops Avenue, nicknamed Billionaire’s Row.
From the late 1990s through the 2010s, this area became a hotspot for:

Overseas billionaires

Offshore companies

Speculative luxury developers

Many houses were bought not to live in, but to:

Demolish and rebuild mega-mansions

Sit on land value alone

Flip later at huge profit

When markets shifted, projects stalled — leaving houses empty for years.

Demolition → Half-Finished → Abandoned

A very common Winnington Road pattern:

Original large house bought

Residents moved out

Interior stripped

Planning permission applied for massive rebuild

Permission delayed, rejected, or legally challenged

Owner runs out of time, money, or interest

Once a house is stripped and exposed, it deteriorates fast — and looks abandoned even if legally owned.

Planning Restrictions & Legal Battles

Barnet Council and nearby boroughs tightened rules on:

Basement “iceberg” mansions

Height, bulk, and footprint

Tree preservation and heritage impact

Some Winnington Road properties became stuck in:

Years-long planning appeals

Court disputes

Ownership changes mid-project

During that limbo, properties are left untouched.

Offshore Ownership & Vanishing Owners

Many properties on Winnington Road are owned by:

Shell companies

Overseas trusts

Foreign investors who no longer visit the UK

If the owner:

Dies

Faces sanctions

Loses wealth

Gets caught in probate or international disputes

…the property can sit empty for a decade or more with no clear decision-maker.

Maintenance Costs Are Insane

These aren’t normal houses:

Huge footprints

Old structures

Complex drainage, roofs, basements

Just maintaining them while empty can cost tens of thousands per year.
Some owners choose to do nothing rather than throw money into a property they plan to redevelop “eventually”

Sneaking into the Millionaire Cult Gang Estate in London | Abandoned Mansions Everywhere

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