Parking Space

Parking Space Costs More Than A Home

A London estate agent has been instructed on a leasehold car parking space that costs more than a flat they sold last week.

The parking space, in Hyde Park Gardens, is on the market, complete with a 91-year lease and a price tag of £300,000.

Only last week the same firm sold a studio flat about half a mile away for £299,950 – £50 cheaper!

The agent said: “Parking in this part of prime central London is always scarce and the fact that people will pay more than the price of a small flat for the privilege of their own parking space is indicative of the desirability of having parking in Westminster.”