Britain’s most expensive parking space has gone on sale for the eye-watering price of \u00a3300,000 \u2013 almost twice the price of the average home in England and Wales, which stands at \u00a3162,000.<\/p>\n
For your money you could get a rather uninspiring 11ft by 21ft open air spot, with each square foot costing \u00a31,299.<\/p>\n
The parking space is located in the super-exclusive Hyde Park Gardens area of London, where the price of houses ranges into the tens of millions.<\/p>\n
The punter who plumps for the space will be rewarded with a 91-year lease, through estate agents Kay & Co. The same agency recently sold a nearby studio flat for \u00a3500 less than the asking price on the space<\/p>\n
Parking fines in Westminster vary between \u00a380 and \u00a3130 depending on the severity of the offence and they are halved if paid in less than 14 days. On the basis of the lowest possible \u00a340 fine, it would take more than 20 years to rack up \u00a3300,000 in fines.<\/p>\n
Perhaps a more appealing way to look at it, over the period of the 91-year lease it works out at just \u00a39.20 per day to park in the space.<\/p>\n
It isn’t just London where the price of a parking space has gone through the roof – three spots in St. Ives, Cornwall sold last year for a combined \u00a3160,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Britain’s most expensive parking space has gone on sale for the eye-watering price of \u00a3300,000 \u2013 almost twice the price of the average home in England and Wales, which stands at \u00a3162,000. For your money you could get a rather uninspiring 11ft by 21ft open air spot, with each square foot costing \u00a31,299. The parking […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[201],"tags":[418,228,419],"_links":{"self":[{"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/posts\/2186"}],"collection":[{"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/comments?post=2186"}],"version-history":[{"count":5,"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/posts\/2186\/revisions"}],"predecessor-version":[{"id":6307,"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/posts\/2186\/revisions\/6307"}],"wp:attachment":[{"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/media?parent=2186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/categories?post=2186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.deliveryquotecompare.com\/news\/wp-json\/wp\/v2\/tags?post=2186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}