Parking space in London is up for grabs but you won’t believe the price tag

THIS parking bay is on the market for a staggering £110,000 – the price of a three-bed house in Wales. 

The 100 square foot bay is in posh Belgravia, west London, where one-bedroom apartments sell for £5.5million. 

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Meanwhile £110,000 could fetch a three-bed terraced home in Neath Port Talbot – in two minute walking distance from good schools and a train station.

The family home in Wales has three double bedrooms, two living rooms, garden, and a garage.

The underground parking spot on Ebury Street in London’s prestigious SW1 postcode is moments from Sloane Square and Victoria train station. 

It costs £12,000 per square metre – £1,100 per square foot – and is beneath an apartment block boasting a 24-hour porter service.

The buyer must also pay an annual service charge of £600. 

Estate agent Foxtons say: “This secure underground parking space is ideally located in a portered development in an excellent location moments from Sloane Square and Pimlico.

“Ebury Street is ideally located for the many amenities, sights, shops, restaurants and bars of Belgravia, Knightsbridge and Victoria with the River Thames close to hand.”

The advertised parking spot came after a 20ft long bay in Knightsbridge went for £350,000 in January last year.

And in May 2021, a double garage that could house two cars in Oxford Street went up for sale for £750,000 – three times the national house price average.

£110,000 can also buy a two-bedroom bungalow in Clacton-on-Sea, Essex, or a three-bedroom pad in Boston, Lincolnshire. 

It comes after a tiny parking spot near Harrods just two metres wide on the market for staggering £85,000 last month.

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