article_snippet: With it's 'exceptional location' and 'prestigious, exclusive environment', you might be forgiven for thinking this advert referred to a sought-after luxury flat.
article_snippet: But the estate agent's blurb is actually for Britain's most expensive car parking space - which has just put been on the market for nearly £500,000.
article_snippet: The 'fantastic' underground parking space is located in Kingston House in Kensington, one of the most affluent areas of London.
article_snippet: Britain's most expensive car parking space, in Kensington, London, has been put on the market for £480,000 .
article_snippet: The 'fantastic' underground parking space, which is a triple bay, is located in Kingston House (pictured) A resident's parking permit in Kensington and Chelsea, where the car parking space is located, typically costs up to £207 per year depending on the car's carbon dioxide emissions .
article_snippet: Described as 'spacious', the triple parking bay comes with 24-hour security, a valet service and extensive state-of-the-art CCTV.
article_snippet: The parking space has been put on the market with Foxtons for £480,000.
article_snippet: the triple parking bay is one of two triple spaces currently for sale in the underground car park.
article_snippet: He said: 'You might think the super wealthy residents of Central London would have unlimited secure parking spaces, but the super wealthy residents of Central London is becoming more apparent that this is not the case. '
article_snippet: The Kingston House car park, on Prince's Gate, can house a maximum of 144 cars.
article_snippet: A prospective buyer could also swap the parking space for three of these cars, a Ferrari 458 .
article_snippet: On its website, Kingston House Private Parking described the car park as a '5 star parking facility deserving of our discerning clients'.
article_snippet: Henry Pryor, a property expert, described the £480,000 triple car parking spot as a 'reasonable expenditure' for the right person.
article_snippet: Henry Pryor, a property expert said: 'Secure parking in central London is particularly valuable at the moment with homeowners keener than usual for serviced and underground spaces in the light of recent keyless entry car crimes. '
article_snippet: In Kensington and Chelsea it costs £4 per hour to park, for 10-12 hours a day, most days of the year. '
article_snippet: So it is not an absurd alternative to paying the council - although it is a lot more than a resident's parking permit.'
article_snippet: A resident's parking permit in Kensington and Chelsea Chelsea typically costs up to £207 per year depending on the car's carbon dioxide emissions.
highlights_snippet: Triple bay is based underground in Kingston House, Kensington, London .
  