Highgate Garage Sold For £251,000, More Than Average UK House

This London Garage Sold For HOW MUCH?
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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.

However, the garage unit is still cheaper than the Chelsea parking space which was put on sale for £300,000 in August.

Most Expensive UK Property Sales In Q2 2013
19 Wilton Crescent, Westminster: £25m(01 of07)
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66 Townshend Road, Westminster: £24m(02 of07)
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26 Acacia Road, Westminster: £16.5m(03 of07)
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49 Rutland Gate, Kensington and Chelsea: £15m(04 of07)
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2 Trevor Place, Kensington and Chelsea: £14.5m(05 of07)
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Honourable mention: 25 Chesham Place, Kensington and Chelsea: £13.25m(06 of07)
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For being the most expensive apartment sold over the last quarter
It's no surprise London has the most expensive properties...(07 of07)
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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.