A solitary parking space in one of London's most exclusive neighbourhoods has been listed for sale with a staggering price tag of £295,000. The secure bay, located on a quiet, tree-lined street in Notting Hill, West London, represents a luxury that commands more cash than the average family home in many parts of the United Kingdom.
The Ultimate Urban Luxury: Secure Parking in W2
The parking space is tucked away in a private garage, just moments from the famous Portobello Road and the vibrant shops of Westbourne Grove. Marketed as a 'rare opportunity' by estate agents Elsom Spettigue Associates, it is aimed squarely at local residents and investors desperate for precious off-street parking in the capital's desirable W11 postcode.
For their substantial investment, the buyer would acquire a remote, fob-operated 'crocodile' shutter fitted with brand new electrics, offering top-tier security. The ultra-safe space is situated down a slight slope, set back from the residential street and flanked by smart, terraced townhouses that characterise the area.
A Price Tag That Puts Property into Perspective
The eye-watering cost of this single parking bay starkly highlights the vast property price divide within the UK. The £295,000 asking price is higher than the average cost of a terraced house in Manchester, where such properties fetched around £258,000 over the past year, with the overall city average sitting at approximately £274,000.
This transaction underscores the extreme value placed on private, off-street parking in central London, where it is considered a premium commodity. The listing promotes the unit as "well-presented" and ideal for parking, storage, or as a pure investment, situated in "one of Notting Hill's most desirable residential enclaves."
Rarity and Investment in Prime Central London
Garages in the sought-after Artesian Village area of Notting Hill very rarely become available, making this a notable listing. The agents emphasise that this is a "superb opportunity" for those seeking valuable and secure off-street parking or storage at a prime W2 address.
The location is a key part of the allure, being just a short walk from Portobello Road, world-renowned for its bustling market selling antiques, collectibles, fashion, and food. This micro-transaction in the London property market serves as a potent symbol of the city's unique economy, where space is at such a premium that a concrete bay for a vehicle can be valued equivalently to a home elsewhere in the nation.
