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.’
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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’.
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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.
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