The most expensive car park slot in Britain has gone on sale in London for almost £500,000 – breaking previous records by more than a £100,000, according to the Independent.
The triple-bay space in Kensington is being sold by Foxtons for £480,000: almost twice as much as the average house price in the UK.
Your hard-earned half a million will get you a private slot in Kingston House North’s “exquisite underground parking development”.
Never one to gild a lily, Foxton’s full advertisement for the space, which is marketed as worth between £390,000 and £480,000, reads: “Boasting an exceptional location, this exquisite underground parking development boasts a secure, prestigious and exclusive environment, while offering a fantastic spacious triple bay.”
The “secure” underground parking complex offers a range of complementary benefits, including 24 hour security, valet service, an “exceptional” chauffeur lounge, and number plate recognition.
If sold, the spot will break the previous record held by a two-car underground parking spot also in Kensington. The spot, near the Royal Albert Hall, sold for £400,000 in February last year.
One of the most expensive areas in the country, homes in Kensington frequently sell for record amounts.
A two-bedroom flat was recently listed at £2m, while a four-bedroom terraced home is on the market for £5m.
The news comes amid spiralling house prices. Online property listing firm Rightmove claimed that asking prices for homes coming onto the market had almost returned to the all-time high experienced last summer.
Across England and Wales the average house price remains at around £280,000, according to the listings company.