A parking space in London has gone on sale for the same price as 3-bed house in Wales.
The 100 square foot space in Belgravia is located in an underground car park and offers room for one car only – for an eye-watering price of £110,000.
In comparison, the price of a terraced home in the town of Port Talbot in South Wales comes to exactly the same – offering three bedrooms, two reception rooms, a kitchen, a garage and a garden.
The London parking spot on Ebury Street is located in the a prestigious part of West London, where properties can reach to £5.5million.
Coming in at a cost of £1,100 per square foot – the parking space is beneath an apartment block with a 24-hour concierge service.
However, as well as its potential buyer being happy to fork out the £110k asking price – they must also agree to pay a £600 service charge for the tiny patch of land.
Estate agent Rightmove say: “This secure underground parking space is ideally located in a portered development in an excellent location moments from Sloane Square and Pimlico.
“Ebury Street is ideally located for the many amenities, sights, shops, restaurants and bars of Belgravia, Knightsbridge and Victoria with the River Thames close to hand.”
The agents suggest anyone with an interest in the space to arrange a viewing of the small stamp of ground in an underground parking lot.
It comes after a parking space in London has gone on the market for an eye-watering £85,000 – but even the most skilled of drivers will find it a tight squeeze.
The space, located just 250 meters away from Harrods in Knightsbridge, central London, is barely wide enough for a car to fit in.
It is sandwiched between two thick walls and is just two metres wide by five-and-a-half-metres long.
In comparison, the average car is 1.82 metres wide.
This means even if you do managed to squeeze in, you’ll barely have any space to get in and out of your car.
Property hunters were left stunned at the price and amazed by how narrow it is.
Donna Ball, of Bolton, Gtr Mancs said: “Having great fun coming back from London looking at house parking prices on Rightmove.
“How about £85,000 for this parking spot. North forever.”
Nicolas van Patrick/Triangle News)
Liam O’Toole added: “Can you actually get out of that car, when parked? Sun roof exit only.”
Cathy Growney said: “How do you reverse into that space without dorking your wing mirrors. And how can you reverse without them.”