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Billionaires Row palaces make way for flats

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There goes the neighbourhood. There was a time when north London's Bishops Avenue - or 'Billionaires Row' - was lined only by palaces, mansions and big houses. That time has gone.

Now, flats are being built, and quite a few too - 53 at three developments.

The latest launch was for developer Barratt's Allingham Court, where five of the 12 flats have been sold - three to British buyers, two to east Europeans.

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In a site surrounded by landscaped gardens the properties range in price from GBP3.9 million (HK$60.53 million) to GBP11 million and will be completed in June. They include 10 three-bedroom flats and two four-bed penthouses.

Across the road is the Woods, where Willowacre Investments and Developments has built 14 stylish homes in three, four-storey blocks around communal gardens on a 0.4 hectare site previously owned by the British screen star, Gracie Fields.

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One flat has been sold to an Israeli buyer and two others are under offer. Prices range from #3.6 million to #8.5 million for the two, three and four-bedroom flats.

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