'Exquisite' underground parking spot goes on sale for almost £500,000

The Kensington parking spot - if sold - will break previous records for most expensive car space

All this (well, three spaces underground) could be yours (Google Maps)

The most expensive car spark slot in Britain has gone on sale in London for almost £500,000 - breaking previous records by more than a £100,000.

The triple-bay space in Kensington is being sold by Foxtons for £480,000: almost twice as much as the average house price in the UK.

Your hard-earned half a million will get you a private slot in Kingston House North’s “exquisite underground parking development”.

Never one to gild a lily, Foxton’s full advertisement for the space, which is marketed as worth between £390,000 and £480,000, reads: “Boasting an exceptional location, this exquisite underground parking development boasts a secure, prestigious and exclusive environment, while offering a fantastic spacious triple bay.”

The “secure” underground parking complex offers a range of complementary benefits, including 24 hour security, valet service, an “exceptional” chauffeur lounge, and number plate recognition.

If sold, the spot will break the previous record held by a two-car underground parking spot also in Kensington. The spot, near the Royal Albert Hall, sold for £400,000 in February last year.

One of the most expensive areas in the country, homes in Kensington frequently sell for record amounts.

A two-bedroom flat was recently listed at £2million, while a four-bedroom terraced home is on the market for £5million.

The news comes amid spiralling house prices. Online property listing firm Rightmove claimed that asking prices for homes coming onto the market had almost returned to the all-time high experienced last summer.

Across England and Wales the average house price remains at around £280,000, according to the listings company.