'A pool in the basement is a clear marker of wealth': how the super-rich are digging down

on .

In London’s richest boroughs vast subterranean enclaves are being carved out over several floors to house cars, wine, saunas and private nightclubs. How did underground living – once associated with poverty and disease – become an investment scheme for the uber-wealthy?

With its eclectic fusion of Regency and mythological motifs, Havona House stands out amid the stucco-fronted Victorian townhouses in Notting Hill’s Pembridge Villas. The newly built mansion’s mock neoclassical columns and the limestone carvings of Greek deities on the facade reflect the roots of its owner, property investor Costas Diamantopoulos. Stepping inside the 8,600 sq ft (800 sq m) property, which is on the market for £25m, you are confronted by an array of opulent features, including a free-floating stone staircase, hand-blown glass pendants and marble en-suite bathrooms.

If your neighbourhood has been affected by basement developments, or you own one or have been involved in their construction, and have experienced any of the issues in this story or similar, we would like to hear from you. Share your story with us by using our encrypted form and a reporter may contact you to discuss further.

Related:


Read full article on theguardian.com