Expensive parking space costs £400,000

A parking spot has gone on sale for a whopping £400,000. The car space, near Kensington in West London costs 15 times the average British annual salary of £26,500.
A former owner sold a similar parking space for £275,000 ten months ago.

Hobart Slater a spokesman from the estate agency said: ‘We’ve had plenty of interest in the space.’ He points out that the spot cost £3,800 less than the average price of a London home, according to the latest Land Registry figures.