A double underground parking bay located in the nearby vicinity of Royal Albert Hall in London is now on sale for no less than 400,000 GBP (about 665,000 USD or 487,000 EUR).

A double underground parking bay located in the nearby vicinity of Royal Albert Hall in London is now on sale for no less than 400,000 GBP (about 665,000 USD or 487,000 EUR).

You can buy a lot of nice things nowadays with 400,000 GBP but this considerable amount of money will only get you you a two-car underground space near the Royal Albert Hall. It costs about twice as much as the average house in UK and at the same time it's 15 times more expensive than the 26,500 GBP average annual salary.

Properties in the surrounding area cost approximately 2.3M GBP so it isn't really a surprise that a mere parking space is now listed for 400,000 GBP. In exchange for this sum the buyer receives a "large secure underground parking space ideally situated for an Albert Court or Albert Hall Mansions resident." It should be mentioned it was only ten months ago when a similar parking space situated in the very same car park was sold for 275,000 GBP.

Two-car parking space in London on sale for a whopping 400,000 GBP