Parking space near central London on sale for whopping £210K – the price of a three-bed home

A parking space near Hyde Park has gone on sale for a whopping £210,000 – nearly as much as the UK's average house price.

For the same money, you could buy spacious a new three-bed semi-detached house with a garden and off-street parking in picturesque countryside near Hull.

The parking spot in Hyde Park Gardens comes with a 85-year lease and is just a stone's throw from Hyde Park, Oxford Street and the West end.

The owner would save money on extortionate city centre parking and miss the rush hour scramble to find a rare space.

But this is not the first time a parking space have been valued for the same money as good-sized houses.

A few months ago, a parking space in London's posh neighbourhood Knightsbridge went on sale for a jaw-dropping £350,000 – the price of a new four-bed detached home in West Yorkshire.

The 20ft long bay in West London is where one-bed apartments can fetch £5.5million.

For the same £350,000, buyers could land a large family home in the sought-after village of Greetland near Halifax.

Repeat-offending borough, Knightsbridge, also sold off another space for £250,000 in pole position opposite Harrods.

But if you think that's expensive, the most extortionate parking spot reported was in 2014, selling for an eye-watering £400,000 – nearly double the average UK house price of £256,000.

The exclusive underground parking space, near the Royal Albert Hall in Kensington, London, costs nearly 11 times the average UK salary of £38,600.

For the same amount of money, you could afford to park a car 880 yards away at the nearest NCP car park for 31 years – at a cost of £35.10 a day.

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