with it's 'exceptional location' and 'prestigious, exclusive environment', you might be forgiven for thinking this advert referred to a sought after luxury flat 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 the 'fantastic' underground parking space is located in kingston house in kensington, one of the most affluent areas of london britain's most expensive car parking space, in kensington, london, has been put on the market for £480,000  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  described as 'spacious', the triple parking bay comes with 24 hour security, a valet service and extensive state of the art cctv there is also a complex ventilation system which ensures the regular flow of clean and extraction of carbon monoxide emissions the parking space has been put on the market with foxtons for £480,000 with stamp duty, the buyer will end up paying a total of £494,000   three times the price of the average home in england and wales and the same price as a pretty cottage in the cotswolds with the same money, you could also buy three plush ferrari 458s, 50 new ford fiestas or a lavish superyacht on top of this, the purchaser will also have to pay an additional £1,500 per year service charge the bay is one of two triple spaces currently for sale in the underground car park the other one costs £390,000 there is also a single space for £132,000 paul wallace, who runs the youtube channel supercars of london, believes it is unfortunately a price to pay for keeping your cars safe the same amount could buy you this quaint country cottage in costwolds village bourton on the hill  it could also buy you this lavish 16th century castle, which has six bedrooms, in by chryston, glasgow  he said: 'you might think the super wealthy residents of central london would have unlimited secure parking spaces, but it is becoming more apparent that this is not the case 'there are lots of £200,000 supercars left on the side of the roads overnight, which exposes the cars to having wing mirrors clipped, rain and pollution on paintwork and even worse '£480,000 is an very excessive cost to keep your car safe at night, but it's relatively essential with potential vandals' the kingston house car park, on prince's gate, can house a maximum of 144 cars as part of a multi million pound renovation, engineers installed a state of the art ventilation and fume extraction system which is designed to 'ensure the regular flow of clean air throughout the car park and the extraction of harmful carbon monoxide emissions' the £480,000   which would also have stamp duty added on    could also buy you this luxury yacht  a prospective buyer could also swap the parking space for three of these cars, a ferrari 458  on its website, kingston house private parking described the car park as a '5 star parking facility deserving of our discerning clients' henry pryor, a property expert, described the £480,000 triple car parking spot as a 'reasonable expenditure' for the right person he 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 'in kensington and chelsea it costs £4 per hour to park, for 10 12 hours a day, most days of the year 'so it is not an absurd alternative to paying the council   although it is a lot more than a resident's parking permit' a resident's parking permit in kensington and chelsea typically costs up to £207 per year depending on the car's carbon dioxide emissions
kingston house kensington london 24 hour cctv uk ferrari
triple bay is based underground in kingston house, kensington, london . comes with 24 hour security, cctv and ventilation system for emissions . cost is three times the price of average uk home or a plush ferrari 438 . experts say cost is necessary to keep  supercars safe on london streets 