A set of spaces have gone on sale for an astonishing £2.25million – each costing more than the average British home.
The eight spaces are in the heart of London and are on the market for an eye-watering £281,250 each.
The spaces are located in Audley Court, Mayfair, which is just a stone's throw from the Ritz where parking comes with a hefty premium.
They are also situated near Charles Street where mansions have previously sold for £50 million - the same price as a Cotswold country home and 13 times the cost of the average house sold in England and Wales.
However, this luxurious location means that the owner of these spaces will be lumbered with the £11-a-day London congestion charge.
On top of the princely price tag, the lucky owner will have to pay an eye-watering £157,00 in stamp duty along with an additional annual service charge and rent which is yet to be confirmed.
Incredibly, only part of the spaces are undercover - with all of the parking spots somewhat exposed to the temperamental British weather.
I believe it is very likely to appeal to a wealthy resident looking for a good home for their luxury fleet of vehicles
The plot is being sold as one whole lot with a 900 year lease - meaning that this deal amounts to £347 per year, per space, or just under £1 per day.
The spaces are being marketed by the Mayfair office of Carter Jonas, which described the unusual opportunity as "unique".
Ashley Coleman, head of Carter Jonas Mayfair, said: "Collective parking space in Mayfair is a rare commodity and this opportunity to purchase a forecourt of eight is most unique.
"I believe it is very likely to appeal to a wealthy resident looking for a good home for their luxury fleet of vehicles."
The Office for National Statistics today revealed that house prices are at an all-time high - with the average home costing £274,000.
On average, house prices have surged by 11.7 per cent year-on-year, with prices in London leaping by a whopping 19.6 per cent year-on-year.
Subsequently, the average home in the capital pushed over the half a million pound mark for the first time ever this July.