PropertyInvesting.net: property investment ideas, advice, insights, trends
Propertyinvesting.net: Property Investment ideas, advice, insights, trends

PropertyInvesting.net: Property Investment News

 Property News

more news articles...

This tiny London garage sold for more than the price of the average house


05-13-2016

 

Lynsey Barber
Lynsey Barber is City A.M.'s technology editor. Full profile
Follow Lynsey
Flats Lie Empty On The Derelict Heygate Estate
Garages in London go for more than homes (Source: Getty)

A tiny garage in west London is the latest sign of the ridiculous scramble for prime property locations in the capital, after being bought up for more than the price of the average home in the UK.

The 18ft by 35ft spot in Hammersmith and Fulham smashed the already rather steep 250,00 guide price, the Guardian reports.

It went for 466,000 after some apparently furious bidding.

The average property price in the UK is 283,700, although, in London property is still pricier than the garage, coming in at more than half a million pounds.

In the upmarket borough, it's even pricier with flats going for around 700,000, terraces 1.4m and semi-detached houses 1.6m, according to Rightmove.

The garage is also even more pricey than one that went in Chelsea in February. For 360,00, one buyer nabbed the 146 sq ft garage off Brompton Road - a bargain, perhaps, in comparison.

www.cityam.com

back to top

Site Map | Privacy Policy | Terms & Conditions | Contact Us | ©2018 PropertyInvesting.net