Notting Hill Parking Space Sells for £295,000 Near Portobello Road 

Key Points

• A single secure parking space in Notting Hill, west London, has been listed for sale at £295,000 by Elsom Spettigue Associates.​
• The leasehold lock-up garage is located on a leafy residential street in Artesian Village, minutes from Portobello Road and Westbourne Grove.​
• It features a remote fob-operated crocodile shutter with brand new electrics, described as a “rare opportunity” for locals and investors.​
• The price exceeds the UK average house price of around £269,862 and is higher than average family homes in areas like Manchester (£274,008 overall, £258,337 for terraced houses).​
• Off-street parking is a luxury in London, especially in desirable areas like Notting Hill (W2 postcode), where such spaces rarely become available.​
• The garage is tucked away down a slight slope, set back from the street, flanked by smart terraced townhouses.​

What makes this parking space so expensive?

As reported in the Daily Mirror, the solitary parking space in this swanky London neighbourhood carries a staggering price tag of £295,000, exceeding the UK average property cost of £269,862. The article notes that this secure private garage is advertised as a “rare opportunity” for both local residents and potential investors. Buyers receive a Crocodile remote-controlled electric shutter alongside newly installed electrical systems, enhancing convenience and security.​

The location in Notting Hill, just a short stroll from Portobello Road in north London—though more precisely west London—positions it amid lively shops, cafés, and restaurants on Westbourne Grove and Portobello Road. The advertisement, as covered by the Daily Mirror citing Luxury Property News, highlights:

“This well-maintained unit features brand-new electrical installations and a Crocodile remote-operated electric shutter, ensuring both convenience and security.”

Furthermore, it states:

“Perfect parking, or a potential, the garage is positioned in one of the most sought-after residential areas of Notting Hill, just moments away from the lively shops, cafés, and restaurants found on Westbourne Grove and Portobello Road.”​

In Yahoo UK News, the leasehold lock-up in Notting Hill is confirmed as being sold by Elsom Spettigue Associates for £295,000, again attributing the detail to Luxury Property News. The space’s ultra-safe setup down a slight slope, set back from the residential street and flanked by smart terraced townhouses, adds to its appeal in a area where off-street parking remains a luxury.​

Where exactly is the parking space located?

The garage sits in Courtnell Street, London W2, within the exclusive Artesian Village in Notting Hill, as detailed on the Rightmove listing. This prime spot offers an excellent location ideal for parking, storage, or investment, with the office contact listed as +44 (0) 20 for enquiries. Notting Hill’s desirability, minutes from Portobello Road, drives such valuations, with the lock-up touted for its rarity in the W2 postcode.​

How does £295,000 compare to UK house prices?

This eye-watering sum outstrips the average UK house price, currently around £269,862 according to recent data referenced in the Daily Mirror. In Manchester, the average stands at approximately £274,008, while terraced houses average £258,337, per Rightmove figures cited in the same report—meaning the parking space costs more than many family homes in northern regions.​

Historically, London’s parking premiums are not new; a 2015 Telegraph article reported Britain’s then-most expensive parking space—a triple-bay in South Kensington—for nearly £500,000 via Foxtons, nearly twice the UK average of £281,752 at the time. That listing included valet service, a chauffeur lounge, and 24-hour security, with a £1,500 annual service charge pushing the total with stamp duty to £494,000. Foxtons described it as:

“Boasting an exceptional location, this exquisite underground parking development boasts a secure, prestigious and exclusive environment.”

Property values there featured two-bedroom flats at £2m and four-bedroom terraced homes over £5m.​

More recently, a February 2025 Telegraph piece revealed spaces in Knightsbridge at £250,000 for a 5.6-by-2.5-metre spot, Kensington from £90,000 to £165,000, York House Place at £125,000, and Farringdon at £50,000—equating to three-bedroom flats in Manchester or two-acre fields in Kent.​

Who is selling the parking space?

Elsom Spettigue Associates is handling the sale, as confirmed across multiple outlets including the Daily Mirror, Yahoo UK News, and the Rightmove listing. The firm’s website positions them as commercial property experts offering sales, lettings, and management, primarily across Suffolk, though this London listing expands their reach. The Rightmove page specifies tenure details and urges viewings for this “rare opportunity” in Artesian Village.​

Why is off-street parking such a luxury in London?

In desirable capital areas, off-street parking commands large price tags due to chronic shortages, as noted in the original Daily Mail context of the leafy residential street in Notting Hill. The advertisement emphasises:

“This represents an exceptional opportunity for local inhabitants or investors looking for off-street parking in this W2 location. Garages in Artesian Village rarely become available, making this an outstanding prospect for both local community members and investors.”​

A YouTube snippet references a record-breaking 11ft x 21ft space for £300,000, double some regional homes, aligning with this Notting Hill case. Broader market data from OnTheMarket shows ongoing demand for parking spaces in Notting Hill. John D Wood listings nearby include secure underground spaces near Notting Hill Gate, underscoring the trend.​​

What are similar expensive parking spaces in London?

Past records include a two-car bay near the Royal Albert Hall in Kensington selling for £400,000 in early 2014, per the 2015 Telegraph report. The 2025 Telegraph update lists Knightsbridge at £250,000, Kensington £90,000-£165,000, and others, with drivers paying equivalent to major regional properties.​

Could this space be used for anything else?

The Rightmove listing promotes it as ideal for parking, storage, or investment, with its well-maintained condition and new electrics supporting versatile use. The Daily Mirror echoes this potential, calling it “perfect parking, or a potential.”​

What does the market say about future sales?

With garages in Artesian Village rarely available, experts via the listing foresee strong interest from locals and investors amid Notting Hill’s enduring appeal. The price reflects broader London trends where parking scarcity inflates values, potentially setting new benchmarks if sold at asking.