A double garage in an upmarket part of London was sold yesterday (Monday) for a record-breaking £670,000.
The lockup is sandwiched between two large homes near the River Thames in Chelsea, south-west London.
Chris Coleman-Smith, from Savills Auctions, said: “It is like a little oasis in Chelsea. It is a fantastic spot, north of Cheyne Walk and south of the Kings Road.”
The auction house, which described the garage as being in “the best part of Chelsea”, gave it a guide price of £525,000 - two-and-a-half times the price of the average home in England and Wales.
Bidding quickly exceeded the estimate as investors battled it out to get their hands on the 332 sq/ft garage.
The new owner, a London-based phone bidder, managed to outbid a number of people with a final offer of £670,000 for the garage.
In Aylesbury £670,000 will buy you this Victorian brick under tile four bedroom barn conversion on Stars Lane in Dinton with over 2,000 sq. ft. of accommodation.
Westlington Barn - which is on the market with Michael Graham Estate Agents - is located in the centre of the village and within 50 metres of the village owned pub, The Seven Stars. Positioned on a quiet lane, this barn conversion has off street parking for up to two cars and gardens to the front, side and rear.
The property was converted in the 1980s and retains character features including exposed beams, fireplaces and high ceilings. The property has replacement uVPC double glazed panelled windows and a bespoke kitchen with granite worktops and there is planning permission granted to extend to a fifth bedroom with an en suite shower room and dressing area.
The garage sale is - only slightly - less staggering when you consider that the current owner has secured planning permission to convert it into a one-bedroom home.
One bedroom flats in Aylesbury start at around £105,000 - the price of a property at Beaconsfield Road.
On top of the £670,000 spent on the garage, the new owner will also have to pay £23,500 in stamp duty.