Squatters Live Rent Free to Renovate Rundown Mansion in London’s Billionaire’s Row

WORK is underway to renovate a rundown property in the ritzy North London Hampstead street dubbed “billionaires row”.

Four tradespeople are living rent-free at the rundown 8-bedroom, 3-storey home in The Bishops Avenue, a street which is also home to the Saudi and Brunei royal families and steel magnate Lakshmi Mittal.

The home has been vacant for about ten years, London’s The Sun newspaper reports, and is being lived in rent-free by the tradespeople which includes three Romanians and a Frenchman.

A representative for the group renovating the property said the neighbours are happy to see work being done to the property at last.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.