One of Britain’s most expensive parking spots is on the market for £210,000 – the same price as many a three-bedroom family house in Swindon or a brand new high-spec apartment in the Canalside development.
The parking bay in Hyde Park Gardens in London, is within walking distance of Hyde Park, Oxford Street and the West End.
The expensive spot costs almost as much as the average UK home, which would currently set a homeowner back £239,000. It comes with an unexpired lease of 85 years, ending in July 2104.
Although the price of the central London parking spot is steep, it is far from the most expensive bay to have been sold in the capital.
In January, a £350,000 underground parking space was for sale in upmarket Knightsbridge. The bay – which is 20ft-long and boasts a daily garage porter and CCTV – was just a stone’s throw away from designer department store Harrods.
On a 25-year mortgage at 3.92 per cent, paying it off would cost £1,649 per-month – if the buyer forks out a massive £35,000 deposit.
Last March, a double garage in Portman Square emerged on the market for a massive £750,000 – more than three times the average UK house price.
It was around the corner from Selfridges and Oxford Street in a 24-hour portered block of flats. The 303 sq ft spot is in the same building as an apartment used for the F section of the Special Operations Executive in the Second World War. It stands 10ft 6in wide and is 29ft 7in long, making it able to contain two cars.
And some people think car park charges in Swindon are expensive. At least you don’t have to mortgage the house to park in The Brunel Centre!