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Parking Space In London Being Sold For Three Times National House Price Average

Parking Space In London Being Sold For Three Times National House Price Average

The 28.15sqm spot, which can house a total of two cars, is located near the capital’s popular Oxford Street

Jess Hardiman

Jess Hardiman

A parking space in central London is being sold for three times the national average house price, having gone on the market for 'offers in excess of £750,000'.

The 28.15sqm spot, which can house a total of two cars, is located near the capital's popular Oxford Street in Portman Square, Mayfair.

It is based within a residential building boasting a 24-hour porter service, and has steel shutters to protect the space from would-be thieves.

Manors

An online ad for the 'studio car parking space', which is being sold by London estate agency Manors, reads: "A double garage space available within this 24 hour portered residential building on the east side of Portman Square, moments from the world [renowed] Selfridges store and Oxford Street."

Images show the 9.02m x 3.2m space can accommodate two vehicles parked nose-to-tail.

Manors

According to Property Data, as of February 2021 the average house price for the UK is £250,341 - around a third of the expensive parking space's minimum price.

Over in Spain, meanwhile, you could buy yourself an entire hamlet for less than the price of a London flat.

There are several hamlets on offer in Galicia, including Xerdiz, which is on offer for just €430,000 (£371,000) - obviously far cheaper than a lot of properties across the UK.

That sum would buy you a total of six buildings - two of which are full restored - set among rolling hills, forests and streams, less than 10 miles from the coast.

The listing reads: "The hamlet of Xerdiz is an ideal property for a group of people who want to adopt a quiet and self-sufficient life, close to nature."

Gather a group of mates and move to the middle of nowhere in Spain, if you want.
Galician Country Homes

About three miles away in Ourol, another hamlet is available for just €130,000 (£112,000). This one is composed of five buildings, one of which is in liveable condition.

Ten miles north of here, you could get your hands on a hamlet in Viveiro, comprised of three buildings by a river, just a couple of miles from beautiful beaches. This is also just €130,000 (£112,000), but all of the buildings need to be restored.

The only catch is that many of the homes are in need of a bit of TLC, having been left unloved by Spaniards leaving the countryside in favour of a more metropolitan life.

You can check out some of the hamlets and properties available in Galicia here.

Featured Image Credit: Manors

Topics: UK News, News, Property