A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees. A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.

Posh £165,000 parking space on sale in capital… for same price as average home in UK’s cheapest town

A gated parking space in Chelsea is on sale for £165,000 – matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.

A posh parking space has gone on sale in the capital, for the same price as the average home in the cheapest town in the UK.

The bay is being sold for £165,000 and is a gated lot.

It has pipes and cables running over the top and a big pillar to one side.

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As well as the huge asking price, there is also £850 of an annual service charge to pay.

A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.
The entrance to the £165,000 parking space, based in St Leonard’s Terrace, Chelsea, west London. (Jam Press/Nicholas Van Patrick)

It does come with a store room and a port is on hand too.

It is based in St Leonard’s Terrace, Chelsea, west London.

A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.
The £165,000 parking space is based in St Leonard’s Terrace, Chelsea, west London. (Jam Press/Nicholas Van Patrick)

Most properties in the exclusive street cost around £2.3million.

But the parking space, which can also be rented for £ 8,500 a year, is the cost of the average house in Barrow-in-Furness.

A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.
The £165,000 parking space is based in St Leonard’s Terrace, Chelsea, west London. (Jam Press/Nicholas Van Patrick)

Last month, it was revealed as the most affordable place to live in Britain.

The cost of a home in the town is just a fraction of the cost of the parking spot, which is £167,000.

A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.
The £165,000 parking space is based in St Leonard’s Terrace, Chelsea, west London. (Jam Press/Nicholas Van Patrick)

But properties do sell there for as little as £33,000, the same as five of the bays.

The parking space is being sold by Nicholas Von Patrick estate agents and advertised on Rightmove.

The listing reads: “Gated covered car park.

“Single space for sale, £165,000 or £8,500 per annum.

“Leasehold expires in 2977, approximately 953 years remaining.

“Service charge approximately £850 per annum.

“Each space includes a store room, porter.”

Last January, a parking space was sold in Knightsbridge, west London for £90,000.

A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.
The garage where the tiny parking space in Knightsbridge is, that was sold for £90,000. (Jam Press/Nicholas Van Patrick)

But the bay was too narrow for most cars, as reported by Luxury Property News.

A gated parking space in Chelsea is on sale for £165,000 - matching the average home price in the UK’s cheapest town. Includes a store room but costs £850 in annual fees.
The entrance to the tiny parking space in Knightsbridge that was sold for £90,000. (Jam Press/Nicholas Van Patrick)

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