Parking Space In London Costs Three Times More Than Average House Price

Seriously, how is this even possible?

Just when you think London prices can’t get any more ridiculous, you come across a story like this.

A parking space in the capital is being listed for ‘offers in excess of £750,000’.

No, you haven’t read that wrong.

SEVEN HUNDRED AND FIFTY THOUSAND POUNDS.

That is three times the national average house price.

The space, near world renowned Oxford Street, in Portman Square, Mayfair measures 28.15sqm and can fit two cars inside. So that works out at £375,000 per car. A bargain.

For JUST £750,000 all this could be your’s. Images: Manors

The parking space is based within a residential building and comes complete with a 24-hour porter service and steel shutters.

A listing for the space, which is being advertised through Manors, reads: “A double garage space available within this 24 hour portered residential building on the east side of Portman Square, moments from the world [renowed] Selfridges store and Oxford Street.”

According to Property Data, as of February 2021 the average house price for the UK is £250,341.

If you had £750,000 to spare on something so frivolous, you’d probably just take the risk of your cars continuously getting stolen and simply replacing them each time, wouldn’t you?

(h/t LADbible)

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