Remember that £300k garage - it sold for......

[anonymous-user]

[redacted]

[speedychrissie]

anonymous said:

[redacted]

i think you'll find that £300k is actually more than "most people's" houses ie. nationally. but i guess chelsea is a bit of an exception to that!

chris

[eccles]

thats 20 times the price of my place!

[r988]

yep looks like its worth all that money as well.

Wonder what cars will be forced to live in there?

[alexkp]

Total insanity.

This country has so screwed up it's land and property values...again....

[Neil_H]

But if you have a few million in the bank and your pride and joy has to live on the road it's a bargain. The intrinsic value of the building is only part of the cost, the buyer is paying to keep their car safe, something which I can certainly relate to.

[timmy30]

Tssssk lucky buggers who bagged it. They'll be able to sell it for £1.2 million next year.

[nightmare]

Neil_H said:

But if you have a few million in the bank and your pride and joy has to live on the road it's a bargain. The intrinsic value of the building is only part of the cost, the buyer is paying to keep their car safe, something which I can certainly relate to.

exactly....and sticking 650K in that garage will probably return a higher amount than if in the bank (though wouldnt suggest doing so in non-sequential twenties in carrier bags ). Values are always very relative to what you have....

[james_j]

We can thank anti-car policies from Red Ken, Prescott and their ilk for this. (Decrees for new-builds to have minimal or no parking and generally similar restrictions on everone else.