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UK’s most expensive car parking spaces revealed

The private parking space has room for just one car, and is located behind Hyde Park Gardens in Westminster. The cost of the parking space is more than one and a half times higher than the average house price in the UK.

The space measures approximately 19.5ft x 8ft and is held on a private lease with approximately 88 years remaining.

“The cost of this parking space is eye-watering,” said Harrison Woods, managing director of YourParkingSpace.co.uk. “You would have to rent out the most expensive parking space in Westminster listed on YourParkingSpace.co.uk for more than 50 years and it would still be cheaper than purchasing this space!”

North of the border in Scotland, a double garage is for sale in the New Town conservation area of Edinburgh for offers over £85,000.

And around Manchester Airport there are currently 45 executive individual parking spaces available to purchase for £35,000 each.

It’s not just UK parking spaces that are being sold for sky-high prices. A parking space in central Manhattan was recently sold for $1m and a space in Hong Kong was listed a few years ago for $640,000.

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.