A double garage unit in north London was sold for £251,000 at an auction on Wednesday, putting it at a level well over the price of an average British home.
The unit, on Crouch Hall Road in the leafy suburb of Highgate, includes two lock-up garages and was sold for over three times its £80,000 guide price.
The sale took place at a McHugh & Co auction held at the British Academy Of Film & Television Arts (BAFTA) in Piccadilly, Estates Gazette reports.
In contrast to the Highgate garden's £251,000 pricetag, the average cost of a British home is just £169,624.
The sale comes after a Chelsea garden, which the owner cannot build on or use for barbecues, was sold for £53,000.
However, the garage unit is still cheaper than the Chelsea parking space which was put on sale for £300,000 in August.
19 Wilton Crescent, Westminster: £25m
66 Townshend Road, Westminster: £24m
26 Acacia Road, Westminster: £16.5m
49 Rutland Gate, Kensington and Chelsea: £15m
2 Trevor Place, Kensington and Chelsea: £14.5m
Honourable mention: 25 Chesham Place, Kensington and Chelsea: £13.25m
For being the most expensive apartment sold over the last quarter
It's no surprise London has the most expensive properties...
According to Adzuna, just 25% of London homes are within budget for first-time buyers on an average local income. London homes prices are nearly 8 times as much as a couple's average salary, according to their estimates.
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