A single Garage in London has gone on the market for £180,000, the cost of a family home in many parts of the UK.
Located on a “small exclusive cul-de-sac” in Chelsea, the single-storey garage offers just 13.5 sqm of off-street parking space, a much sought-after commodity in the area.
Set to go up at auction on 16 February, auctioneers at Savills say this kind of property is “rarely available.”
If you think that’s expensive, homes in the postcode SW3 are changing hands for an average of £2.4m – even without parking.
Chris Coleman-Smith, head of Savills auctions, says: “Garages are an increasingly rare commodity in central London, where even some of the highest-value properties lack off-street parking.”
“For local residents who have invested in cars as well as their homes, the chance to purchase a secure and conveniently located garage simply can’t be missed.”
Perhaps surprisingly, this is the most expensive garage to go up for sale. In 2014, a space in an underground car park right next to the Albert Hall went for £400,000, while the same year a garage in London sold for £550,000.
Photo credit: Savills
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