Generating key takeaways...
Exclusive parking spots in London’s sought-after areas are fetching prices comparable to high-end homes, reflecting a surge in demand and luxury amenities that is transforming urban parking into a lucrative asset class.
A single parking space in Fulham, South-West London, has been put up for sale with an eye-watering price tag of £150,000, highlighting the growing trend of exorbitantly priced parking spots in major UK cities. Located in a secure underground garage beneath a gated residential complex overlooking the River Thames, the space promises 24-hour security and an electric vehicle charging point. Buyers, however, should be aware of additional costs, including a service charge of £542 annually and a ground rent of £20 per year. Access to the plot, measuring just over 10 square metres, is secured via a fob, with automatic number plate recognition (ANPR) bolstering security. The space is currently listed by the estate agent Purplebricks.
This steep price is notable but far from unprecedented within London’s competitive parking market. Parking spaces in the capital have seen prices soar, often surpassing the cost of homes outside London. For instance, a double parking space in the prestigious Mayfair area of Portman Square is on the market for an eye-watering £750,000, eclipsing the average UK house price by a significant margin. This Mayfair spot, covering just over 28 square metres, offers the convenience of proximity to Oxford Street and Selfridges, alongside a 24-hour porter service, underscoring the premium associated with central locations.
Similarly, a triple-bay underground parking space in Kensington has set records with a £480,000 asking price. This luxury spot at Kingston House North features not only 24-hour security but also a valet service, chauffeur lounge, and number plate recognition, reflecting the bespoke amenities that contribute to sky-high valuations.
Parking spaces in London’s prime neighborhoods regularly sell for prices that would secure substantial properties elsewhere. For example, a space near Hyde Park Gardens, an outdoor spot measuring around 19.5ft by 8ft, has been listed at £350,000. Its appeal is boosted by proximity to transport links such as Marble Arch and the M1, as well as anticipated Crossrail services, illustrating how transport connectivity further inflates prices.
Meanwhile, other locations like Knightsbridge have seen parking spaces fetch around £250,000, a figure comparable to the cost of three-bedroom houses in cities like Manchester. A space near the Royal Albert Hall in Kensington has also been marketed for £400,000, featuring large secure underground parking equipment and premium security measures.
These examples highlight a broader phenomenon: the growing scarcity and high demand for secure parking in London’s most sought-after areas have transformed parking spaces into a lucrative asset class. The combination of limited availability, prime locations, and extensive security or luxury features has pushed prices into levels that seem astonishing when compared with typical UK property values.
Despite the hype, buyers should weigh the ongoing fees and maintenance costs associated with these spaces alongside their purchase price. In the case of the Fulham parking spot, commitment extends beyond the initial £150,000 purchase to annual service charges and ground rent, costs often overlooked when focused solely on headline prices.
Overall, the sale of high-value parking spaces in London is a striking reflection of both urban living challenges and the premium placed on convenience and security in crowded city centres. It is a market where the value of a parking spot can rival or even outstrip traditional residential properties, signalling how lifestyle and location intersect to redefine property investment in metropolitan Britain.
📌 Reference Map:
- Paragraph 1 – [1] (Manchester Evening News)
- Paragraph 2 – [1] (Manchester Evening News), [3] (Evening Standard)
- Paragraph 3 – [4] (The Independent)
- Paragraph 4 – [2] (Evening Standard), [5] (The Independent)
- Paragraph 5 – [6] (Evening Standard), [7] (The Independent)
- Paragraph 6 – [1] (Manchester Evening News)
- Paragraph 7 – [1] (Manchester Evening News), [2] (Evening Standard), [3] (Evening Standard), [4] (The Independent)
Source: Noah Wire Services
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative is recent, with the article published on October 29, 2025. The earliest known publication date of similar content is October 29, 2013, when a small garden in Fulham sold for £120,000. ([londonlovesproperty.com](https://londonlovesproperty.com/goldmine-in-the-garden-small-fulham-road-garden-sold-for-120000/?utm_source=openai)) The report includes updated data on parking space prices in London, justifying a higher freshness score. However, the inclusion of older material may still warrant a flag. ([thepropertydaily.co.uk](https://www.thepropertydaily.co.uk/article/2025/07/09/london-parking-spot-prices-revealed-average-cost-hits-%C2%A3760000-one-borough?utm_source=openai))
Quotes check
Score:
9
Notes:
The report does not contain any direct quotes, indicating original or exclusive content.
Source reliability
Score:
8
Notes:
The narrative originates from the Manchester Evening News, a reputable organisation. However, the report includes references to other sources, such as the Evening Standard and The Independent, which are also reputable. The inclusion of multiple sources strengthens the reliability of the information.
Plausability check
Score:
9
Notes:
The claims about the high cost of parking spaces in London are plausible and supported by recent data. For instance, a report from July 2025 indicates that prime homebuyers in Islington paid an average of £760,000 for a parking space over the last 12 months. ([thepropertydaily.co.uk](https://www.thepropertydaily.co.uk/article/2025/07/09/london-parking-spot-prices-revealed-average-cost-hits-%C2%A3760000-one-borough?utm_source=openai)) The narrative also provides specific details about the Fulham parking space, including its location, size, and amenities, which are consistent with current market trends.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is recent and includes updated data on parking space prices in London, justifying a higher freshness score. The absence of direct quotes suggests original content. The inclusion of multiple reputable sources strengthens the reliability of the information. The claims are plausible and supported by recent data, with specific details about the Fulham parking space consistent with current market trends.
