Parking your cash in London

For those who can't afford to invest in the London property market, here's a 'cheaper' alternative.

An underground parking space has just gone on the market priced at £400,000, making it the UK's most expensive parking space.

It can fit two cars and is close to London’s Royal Albert Hall, and apparently the tarmac is in good condition throughout.

Such an expensive parking space might sound a ridiculous investment, but in terms of capital growth, just 10 months ago, a similar space in the same car park, went on sale for £275,000.

That's 31 per cent growth in under a year. So parking might just be one way for the average property investor to tap into the growth in the capitals super rich.

For other affordable prime London options, investors might consider window boxes, bin stores or park benches.

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