Ever thought about buying your own car parking space?

Here we reveal some of the most expensive car parking spaces in the UK

Finding a parking space is often difficult, so have you ever considered buying your very own parking bay?
A number of motorists in the UK have taken the plunge and splashed out on their own parking space, with one bay selling recently for £40,000.

The parking space in St Ives, Cornwall had a guide price of £30-40,000 and managed to sell for its top end figure. The parking space never even went to auction as the buyer “was very keen to secure the spot and made a bid which was accepted prior to the auction.”

Here we reveal some of the most expensive car parking spaces in the UK

A parking space in St Ives Cornwall sold recently for £40,000 © Copyright Ian Cunliffe and licensed for reuse under this Creative Commons Licence.

The space in the beautiful coastal town of St Ives has a 999-year lease and will cost the new owner £4,329 per square metre, working out at twice the amount a house in Cornwall costs per square metre!

The parking space might only measure 4.4 by 2.1 metres but it will provide its new owner with “easy year-round and secure parking with access to the town centre, and thereby its picturesque beach and harbour.”

In Kensington however, one parking space back in 2014 had a price tag 10 times the amount of the St Ives bay, asking for £400,000 to own a small space in west London.

The space might be 10 times the price but is large enough to fit three cars, is located underground and situated right next to the Royal Albert Hall.

There’s also a parking space up for grabs in Hyde Park Gardens, that’s if you want to part with £300,000 of your hard eared cash to make it yours. It was originally priced at £350,000 in 2016 with 88 years left to run on its lease.

In Islington there’s a spot for sale at £120,000 – the price does buy you three parking spaces located in a secure underground car park that’s gated though. The space only measures 4.57 x 2.44 metres but boasts a double-height lift system which allows for three cars to be parked double-decker style.

The biggest bargain when you compare it to some of the above can be found in Basildon, Essex. For £400,000 you can purchase a complete car park for the same price of one parking bay in Kensington, west London. On the upside, there’s 91 parking spaces, however on the downside, the car park is located near to Basildon’s business parks rather than being close to the high street.

Please click here to find out more about our car leasing services and special deals, or give us a call on 0800 311 8290.

Find out more about our car leasing services and fantastic offers for both Business and Personal use. Give us a call today on 0800 311 8290.

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