Parking space in Knightsbridge comes onto the market for £50,000, with extras including ‘access to water’ – but is cheaper than last year

• Those desperate for a guaranteed parking space in London could be in luck
• A spot in Knightsbridge with ‘access to water’ is on sale – at a £35,000 discount 

A parking space in Knightsbridge has come onto the market for £50,000, boasting of extra features which include ‘access to water’.

Those desperate for a guaranteed parking space in London could be in luck, as the ‘bargain’ single space can fit a variety of vehicles in one of the city’s most expensive areas.

The garage is a short walk to Harrods for a leisurely shopping trip and has the Royal Albert Hall placed nearby, for a night of culture and exquisite relaxation, free from worry about topping up the parking meter.

The single parking space located at 48-65 Rutland Gate, in Knightsbridge, London, is described as having a ‘good height’ and measures 6.5ft wide by 18ft long.

This leasehold allocated parking space, that fits one car within a small garage, is sandwiched between Rutland Gate and Ennismore Mews.

It can be bought on a circa 960 year lease, so you wouldn’t need to worry about moving your car for a while.

A parking space in Knightsbridge has come onto the market for £50,000

Those desperate for a guaranteed parking space in London could be in luck

The garage is a short walk to Harrods for a leisurely shopping trip

READ MORE – Cash-strapped councils in England turn parking into ‘cash cow’ as they rake in a record near-£1billion in a year 

The yearly service charge outlined on the listing for the parking space is approximately £250.

Key features of the space include two automated gates operated by fob keys, CCTV for extra security and peace of mind for the car owner, as well as access to water.

The listing reads: ‘With two automated gates operated by fobs, and CCTV the garage is considered to be very secure’, said the listing.

‘It also benefits from access to water.’

Parking spaces in London are often in very high demand, particularly among car owners with valuable vehicles that need protecting from theft.

The parking space was listed for £85,000 last year, meaning it’s been massively discounted.

The yearly service charge outlined on the listing for the parking space is approximately £250 

Parking spaces in London are often in very high demand, particularly among car owners

The most expensive parking space for sale on estate agents Nicolas van Patrick’s website is more than four times the price of the narrow spot in Knightsbridge, at £350,000.

The lot, which is more expensive than many four-bed detached houses up north, is also located near to Harrods, but in a different parking lot.

However this space boasts an area of 3.18 by 6.30 metres, or 10 ft 4 inches by 20 ft by 6 inches – equivalent to more than £1,500 per square foot.

In 2019 a run-down garage in Kensington was bought for £350,000 is now worth a whopping £1.2 million after being converted into one of the country’s most eco-friendly homes.

While London is not the only place affected by expensive parking spaces, in South Devon a single space went on sale with a price tag of £100,000.

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