What's the price you'd pay for a three-metre by six-metre box, with no windows, a concrete floor and a secure gate, we hear you ask? Well, in Knightsbridge, it'll set you back a small £350,000 ($480,000).
If you think it's a rip off you won't when you learn that it comes with the added benefits of a long leasehold, a daily garage porter and CCTV. Where do we sign?
The spenny spot is located in the SW7 area less than a mile away from South Kensington Station, Knightsbridge Station and Gloucester Road Station.
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If you fancy owning the space, on a 25 year mortgage you'd be left paying £1,398 a month if you put down a hefty £35,000 deposit.
But something tells us whoever the lucky buyer is - they won't be putting down monthly instalments.
In other parts of the country you can get five-bedroom detached houses for the same price tag which puts into perspective just how expensive this space is.
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There's no denying it, the capital city is a pricey affair. Back in August last year, people were left baffled to see the layout of a studio flat advertised online.
The property, which is situated in Camden takes small spaces to the extreme with a small kitchenette, a 'mezzanine sleeping area' and even a shower and toilet - though those perhaps aren't where you'd expect.
For £754 a month the flat was advertised with a shower unit that had been shoved into the corner of the room, the toilet sitting proudly in its own unit (well, kind of) underneath the bed... nuzzled up nicely next to that kitchen.
After spotting the unique flat online, a Twitter user shared photos of the property's interior, writing: "Love browsing London studio flats. All yours for just £754 per month."
In another tweet, they added: "Imagine coming home p***ed and trying to get up those ladders."
Featured Image Credit: Rightmove