Most expensive parking space in London revealed after buyers pay more than £200,000

Car parking spaces are being sold for more than £200,000 – the equivalent of a three-bedroom house in Manchester.

Slabs of concrete in London’s prime locations are up for some serious amounts of money, with one in Knightsbridge going for £250,000.

Another spot measuring just 5.6 metres by 2.5 metres in York House Place costs £125,000.

Another space in Chelsea is available to rent for £8,500 per year, or to buy outright.

Listed by estate agents Nicolas Van Patrick the car parking space is in a ‘gated covered park’ and even comes with its own store room.

The listing reads: ‘We are very pleased to offer to the market secure, allocated, covered car parking spaces in this discreet Chelsea car park.

‘Spaces are available on a multispace or individual basis, for sales and lettings.’

Jay Vara, the owner of a space in Allen Mansions in Kensington worth £165,000 said buyers frequently offer him way over asking.

He told the Telegraph: ‘People ask me on the street about three times a month, maybe, if they can rent it out from me.

‘They offer me £10,000 more, but I say no. It is expensive but it is more than a space, it is safe and convenient. I find the market crazy.

‘When I bought mine someone offered to buy it back from me. I said no.’

Another space was listed £90,000 in Knightsbridge, despite being too small for most car owners and it situated through just a gap in the wall.

The space’s listing described it as only suitable for ‘small cars’ and ideally if they are ‘continental-style left-hand drive’.

The incredibly high cost of the central London parking spaces equals house prices across the rest of the country.

In Bradford, a modern one bedroom terrae home hit the market for £100,000 last month.

In Blackpool, a modern three bedroom home costs £80,000.

Get in touch with our news team by emailing us at [email protected].

For more stories like this, check our news page.

MORE: Putin critic who survived gulag reveals one memory that keeps playing in his head

MORE: Britain’s most miserable town could soon become part of London

MORE: From bacteria to beanless chocolate: What will we be eating by 2050?