Stirling Ackroyd says ..

Property Oracle says ..

This listing is for a parking space within a gated development in Clerkenwell, a highly sought-after area of London. The development, Kingsway Place, is located close to Farringdon Station, offering easy access to the City and other parts of London. Several highly-rated primary schools and amenities are within walking distance. The area’s blend of historic charm and modern conveniences make it a desirable location for residents and commuters alike.

The photos depict a well-maintained gated community with a modern, secure entrance. The overall appearance of the surrounding buildings is of good standard. However, the listing focuses solely on the parking space itself. No details about its size, accessibility, or specific features are provided. The location is undoubtedly a strong selling point, given Clerkenwell’s popularity. However, the lack of information regarding the parking space itself makes a full evaluation difficult.

The list price of £50,000 is surprisingly low relative to the cost of other properties in this area which reach into millions of pounds, but the fact it is only a parking space is a major factor here. The price is likely reflective of the high demand for parking in central London, specifically for secure parking within gated developments. However, it remains a substantial investment for a parking space alone; and without additional details, a proper price-to-value assessment is nearly impossible. A comparative market analysis of similar parking spaces in the area would be needed to provide a more conclusive assessment of the property’s value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images