Your own parking space in London? A steal at £300,000
Estate agents are offering a parking space for twice the price of an average UK home
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.A parking space in London is up for sale, but the lucky bidder will be paying a record breaking £300,000 for it.
And after shelling out the asking price, the buyers won't even own it outright, is at comes with a 91-year leasehold.
Located in the exclusive Hyde-Park Gardens neighbourhood, the space is nearly twice the price of the average UK home.
The open-air spot is just enough to squeeze in a hatchback and is £500 more than a nearby studio flat sold for last week. The parking space costs more than a brand new Rolls-Royce.
Matthew Abernethy, of estate agency Kay and Co, sold two parking spaces last year for £250,000 each and said there was already a number of people interested in the latest bay. He said: “Parking in this part of prime central London is scarce and there are not enough spaces for all the residents.”
He said the people interested in bidding on the space were people who are looking for "convenience".
On a brighter note, £300,000 for 91 days works out at £9 a day, which could make the owner a profit if they chose to sub let it.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments