In what might be London's most extravagant property listing of the year, a solitary parking space in one of the capital's most exclusive neighbourhoods has hit the market with a price tag that would make even luxury car owners blink.
The 12.5 square metre space, tucked away in Knightsbridge's prestigious Princes Gate Mews, is being offered for £35,000. But the real shock comes with the fine print - an annual service charge of £1,250 that's causing potential buyers to do a double-take.
The Numbers Behind Britain's Priciest Parking
To put that service charge into perspective, it's higher than the average monthly mortgage payment for many homeowners across the UK. The space itself, while conveniently located near Harrods and other luxury landmarks, offers no electricity or special features - just the privilege of parking in one of London's most coveted postcodes.
Estate agents at MyLondonHome are marketing the space as being suitable for a "small to medium car," though they notably avoid mentioning whether your Rolls-Royce or Bentley would qualify as "medium."
Knightsbridge: Where Even Parking Comes at a Premium
This isn't the first time London's luxury property market has raised eyebrows with parking space prices. The capital has seen parking spots sell for astronomical figures in recent years, particularly in affluent areas where residents often own multiple high-value vehicles.
What makes this listing particularly remarkable is the service charge structure. At nearly £100 per month, the ongoing costs of simply owning the space could outweigh the benefits for all but the wealthiest buyers.
The London Parking Premium Explained
Why would anyone pay such prices? Location is everything. Knightsbridge residents face:
- Extremely limited on-street parking
- Some of Britain's highest parking permit costs
- Constant traffic from luxury shoppers and tourists
- Security concerns for high-value vehicles
For the right buyer - perhaps someone with a multi-million pound Knightsbridge apartment but no dedicated parking - this space might represent a solution to a daily headache. For everyone else, it serves as another reminder of London's extraordinary property market realities.
