The wealthiest borough in London is trying to crack down on multimillionaires who combine neighbouring properties to build huge mega-mansions. The Royal Borough of Kensington and Chelsea is trying to crack down on multi-millionaires who combine neighbouring properties to create mega-mansions. This is especially true in central London, where most of the housing stock has been built over centuries. They can have a high resale price. A pair of stucco mansions located in Regent’s Park are currently up for sale at GBP25m. There are 12 areas in London where the average house price is above GBP1million. The priciest street in Chelsea is home to GBP28.9million, which is 105 times more than the UK average. Our borough is the most liveable in the city because of the individual identities of its high streets. “READ MOREFoxtons tycoon Jon Hunt loses megabasement appeal against the French embassy: This opens the door for an even larger ‘iceberg’ extension at Kensington home. Should we buy if our neighbours have a basement extension? “Kensington has become a hellhole”: Brian May claims that his neighbours are forcing him to leave with hellish basement extensions. The council has been trying for years now to curb its mega-mansion problem. The council has been trying for years to curb its mega-mansion problem. In 2015, it introduced a one-storey limit on basement excavating in an attempt to stem the tide of so called ‘iceberg homes’.
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