A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums. A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums.

Parking space up for rent for whopping £950 a month…more than average rent on somewhere to live in UK

A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums.

A parking space is up for rent for a whopping £950 a month – which is more than the average rent on somewhere to live in the UK.

The spot is just 100 sq ft or nine sq metres.

Situated 0.3 miles from Britain’s busiest station – Liverpool Street – the expensive space in Principal Tower is available to rent for £11,500 a year.

READ MORE: Pricey £1,250 per month studio flat is so small the tenant has to sleep on kids’-style cabin bed

The driver who is willing to shell out to pay for the spot will also need a £1,097 deposit.

A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums.
GV- Liverpool Street Station. (Jam Press)

The space is being advertised by Foxtons, Shoreditch, as reported by Luxury Property News.

It’s an underground space in a secure block where a fob is needed to gain access.

However, the average tenant in the UK pays £745 per month on a flat or house.

A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums.
Car park in Principal Tower. (Jam Press/Foxtons)

So the parking spot is £205 more.

It is being advertised on Rightmove.

The description reads: “A prime underground parking space situated moments from Liverpool Street/Liverpool Street Station boasting a fob entry and lift access.

A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums.
Principal Tower. (Jam Press/Foxtons)

The parking space is situated moments from a range of shops and amenities that can be found on Liverpool Street and nearby Shoreditch.”

A three-bedroomed penthouse in the tower costs an eye-watering £9.9m.

A secure underground parking space near Liverpool Street is renting for £950 a month, exceeding UK average rent and highlighting London’s sky-high property premiums.
Exterior of Principal Tower. (Jam Press/Foxtons)

Last February a posh parking space, in St Leonard’s Terrace, Chelsea, west London, went on sale for £165,000.

It was the same price as the average home in the cheapest town in the UK – Barrow-in-Furness, Cumbria

READ MORE: Unique six-bedroom home resembling giant green house on sale for £1.5m

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