The ‘billionaire row’ houses that could get cost-of-living assistance from Rishi Sunak

EXCLUSIVE: ‘Billionaire row’ houses that could get cost-of-living aid from Rishi Sunak: London’s lavish street properties where Justin Bieber and the Sultan of Brunei lived are eligible for a tax refund housing designed to help Britain’s poorest

  • Rishi Sunak has unveiled a £150 rebate for homes in AD council tax brackets
  • Bishops Avenue homes have swimming pools and private cinemas
  • But plush Hampstead Street also contains apartments in a Group B mansion
  • 20 flats in Islington Street where Boris Johnson lived are also eligible










This is the posh ‘Billionaire Street’ street in a leafy North London suburb, where spacious, well-appointed mansions sell for seven-figure sums.

Former residents and owners of homes on Bishops Avenue in Hampstead include the very wealthy Sultan of Brunei and Canadian pop superstar Justin Bieber.

Behind the tall gates and high hedges are houses with swimming pools, private cinemas and underground parking.

But this is where some of the billions set aside yesterday by Chancellor Rishi Sunak to help the poorest in the country could go.

Falcon House is a four-storey, 17,000 square foot property worth over £19million and in tax bracket H.

It has been lavishly remodeled over the past decade and has its own gym, swimming pool, spa, home theater and nail salon.

The company behind the redesign described it as a “masterpiece” and “the pinnacle of luxury living”.

But on the same site are three separate small apartments which are in the authority’s council tax band B, records show.

Yesterday in the Commons, Mr Sunak unveiled a £150 Bands A-D tax refund to help ease the burden of soaring petrol prices, inflation and a National Insurance increase in April.

This means that residents of these small apartments within the grounds of the mansion are eligible for rate relief.

James Murray, Labour’s shadow financial secretary to the Treasury, said: ‘It’s ridiculous and shows what a shambles the chancellor’s buy-out scheme, now paid later, is.

“They don’t have an answer to the cost of living crisis because they are the cost of living crisis.”

Behind the high gates are houses with swimming pools, private cinemas and even their own spas.

Falcon House is a four-storey, 17,000 square foot property worth over £19 <a class=million and is in tax bracket H.” class=”blkBorder img-share” style=”max-width:100%” />

Falcon House is a four-storey, 17,000 square foot property worth over £19 million and is in tax bracket H.

But on the same site are three separate small apartments that are in the authority's council tax bracket B, records show.

But on the same site are three separate small apartments that are in the authority’s council tax bracket B, records show.

Former owners of The Bishops Avenue homes in Hampstead include the super-rich Sultan of Brunei (top, with Boris Johnson last year) and Canadian pop superstar Justin Bieber (above)

Former owners of The Bishops Avenue homes in Hampstead include the super-rich Sultan of Brunei (top, with Boris Johnson last year) and Canadian pop superstar Justin Bieber (above)

The payment comes on top of an initial £200 rebate on gas bills in October – which is provided through a non-voluntary government loan to energy companies that will be recouped from future bills.

In exchange for the rebate, Britons will face rising bills of £40 a year over the next five years from 2023 to get their money back. There is no withdrawal option.

The 66 homes on Bishops Avenue have long attracted the attention of wealthy overseas investors. In 2014, around £350million worth of mansions stood on the prestigious street

Notable Bishops Avenue residents include Paul McCartney’s ex-wife, Heather Mills, and holiday camp pioneer, Sir Billy Butlin.

Justin Bieber rented a house there in 2016 for £108,000 a month while on tour in the UK.

There are no suggestions of wrongdoing on the part of residents.

And that’s not the only area potentially getting the discount in areas where owners might not need help.

Records show that 20 flats in Islington Street, where Boris Johnson lived, are also eligible for the grant.

The average price of a house in Colebrooke Row, where Mr Johnson lived with his ex-wife Marina Wheeler and their four children, is £1.4million.

But because the municipal tax brackets have not been revised since their introduction in 1991, properties are still eligible for relief.

Mr Johnson sold his five-storey property for £3.75million in 2019, having moved in with Carrie before moving into Downing Street.

Records show that 20 flats on the street where Boris Johnson lived are also eligible for the grant.

Records show that 20 flats on the street where Boris Johnson lived are also eligible for the grant.

Mr Johnson sold his five-storey property for £3.75million in 2019, having moved in with Carrie before moving into Downing Street.

Mr Johnson sold his five-storey property for £3.75million in 2019, having moved in with Carrie before moving into Downing Street.

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