Login
My Garage
New hero

Would you pay this much for a parking space?

By Tom Gibson | April 25, 2022

Share

Why not leave a comment?

See all | Add a comment

Parking space in the sought-after area of Knightsbridge goes up for a whopping £350,000

Would you pay this much for a parking space?

A parking space has gone up for sale in central London for £350,000, just as the cost of living crisis bites across the country.

In a real eyebrow raiser for the vast majority of us, the parking space is yet another example of just how much money is in our capital city given the space up for sale measures just 3.18 by 6.30 metres, or 10 ft 4 inches by 20 ft by 6 inches.

Knightsbridge is one of the most expensive areas in London where properties sell for thousands of pounds per square foot.

Garages in inner-city London have been known to be sold for hundreds of thousands of pounds, especially if they have the chance to be converted to residential spaces and sold on for profit, although there is no chance of that with this purchase.

The asking price in itself is over the average house price in the UK by around £20,000 although it’s reported average asking prices in Knightsbridge itself are over £3m.

Related Articles

Polestar 7 electric SUV coming in 2028 – Here’s what you need to know
Polestar confirms its new electric SUV, the Polestar 7, for 2028. It’s set to rival the Tesla Model Y and be built in Europe for the first...
Jul 04, 2025
Inside the parking fine scandal – Faulty machines, £100 fines, and no way to fight back
Private parking firms issued 14.4M fines last year. Here’s how the DVLA is making millions selling driver data.
Jul 04, 2025
Tesla’s sales slump continues – Is a budget model the answer?
Tesla's sales are falling for the second year in a row. Could a cheaper EV be the comeback they need?
Jul 04, 2025
North Yorkshire’s first permanent speed camera knocked down just hours before going live
North Yorkshire Police have launched an investigation and confirmed they believe the damage was intentional
Jul 02, 2025