£400,000 parking space for sale

The UK’s most expensive parking space has been advertised for a whopping £400,000 – 15 times the average UK salary.

The space, which holds two cars, is located close to the Royal Albert Hall in Kensington.

On Bing: see pictures of expensive parking spaces

London world’s most expensive place to park

Its pricetag is 2.5 times that of the typical UK house – but still £3,792 cheaper than the average house in London, according to the Daily Telegraph.

The same amount of money would provide over 318 years of Zone 1 tube travel.

Described as a “large secure underground parking space ideally situated for an Albert Court or Albert Hall Mansions resident”, the space is being marketed by agents Hobart Slater.

It’s in a secure underground car park, protected by double doors that can be padlocked.

Apparently, the space has already generated “plenty of interest”. There is a similar space available in a car park nearby for a mere £300,000.

Find out how much a used car costs on Auto Trader

On Bing: see pictures of expensive parking spaces

London world’s most expensive place to park

By motoringresearch.com