{"id":83280,"date":"2023-12-18T20:13:28","date_gmt":"2023-12-18T20:13:28","guid":{"rendered":"https:\/\/posterboyedit.com\/?p=83280"},"modified":"2023-12-18T20:13:28","modified_gmt":"2023-12-18T20:13:28","slug":"frustrated-driver-spends-35000-on-just-a-balcony-in-kensington","status":"publish","type":"post","link":"https:\/\/posterboyedit.com\/world-news\/frustrated-driver-spends-35000-on-just-a-balcony-in-kensington\/","title":{"rendered":"Frustrated driver spends \u00a335,000 on JUST a balcony in Kensington"},"content":{"rendered":"<h1> Frustrated driver spends \u00a335,000 on JUST a balcony in Kensington so he can have a parking space on the street below<\/h1>\n<ul>\n<li><strong>The 128 sq ft railed off &#8216;garden&#8217; is located near Gloucester Road tube station\u00a0<\/strong><\/li>\n<\/ul>\n<p>A balcony in South Kensington has been bought by a driver who only wanted it for the parking permit as the cost of London parking spaces soars.<\/p>\n<p>The 128 sq ft railed off &#8216;garden&#8217; located near Gloucester Road tube station\u00a0doesn&#8217;t come with any internal area and is simply accessed via a private lift.<\/p>\n<p>Rather than adjoining an apartment, the terrace is registered as a separate property with its own title and 110-year lease.<\/p>\n<p>It was listed for \u00a350,000 with Next Home Ltd in July, but the new owner bought it for\u00a0\u00a335,000 and will contribute \u00a31,300 for the annual service charge.<\/p>\n<p>The agent spent hours shifting through the 400 inquiries, with some interested parties wanting the balcony for an arts space or to host dance classes.<\/p>\n<p>Some even asked if they could pitch a tent on the cramped outdoor space.\u00a0<\/p>\n<p>Since the sale, the agent said others have been in contact to ask about selling off parts of their own properties to earn &#8216;a quick 50 grand&#8217; but warned it&#8217;s not so simple.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/18\/19\/73886293-0-A_London_estate_agent_is_selling_an_exquisite_terrace_otherwise_-a-1_1702928455683.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>A London estate agent sold the &#8216;exquisite terrace&#8217; &#8211; otherwise known as a balcony &#8211; for\u00a0\u00a335,000, to a frustrated driver who just wanted the accompanying parking permit<\/p>\n<p>The agent said he didn&#8217;t expect the balcony to be bought for this purpose but he did hear &#8216;all sorts of weird and wonderful ideas&#8217; from interested buyers who saw the listing.<\/p>\n<p>Speaking to The Telegraph, he said: &#8216;It wasn&#8217;t something we&#8217;d thought of initially. I thought of every other thing. I got told of tents and canopies and all sorts of weird and wonderful ideas, but this one makes perfect sense.&#8217;<\/p>\n<h3>READ MORE &#8211;\u00a0Parking space in Knightsbridge comes onto the market for \u00a350,000, with extras including &#8216;access to water&#8217; &#8211; but is cheaper than last year\u00a0<\/h3>\n<p>He said that one interested buyer from China offered \u00a350,000 to buy the balcony for an arts space but after two weeks of silence, it was put back on the market.<\/p>\n<p>\u00a0He added: &#8216;It sparked a lot of people&#8217;s imagination, ie &#8216;I can get a quick 50 grand from separating my garden up.&#8217; It&#8217;s not as straightforward as that.<\/p>\n<p>&#8216;I think it&#8217;s a sign of the times: the poor are getting poorer, and the rich are getting richer.<\/p>\n<p>&#8216;I think people that are struggling are more likely to view it negatively \u2013 people in Chelsea putting up balconies for 50 grand.<\/p>\n<p>&#8216;It&#8217;s caught people&#8217;s attention on that basis \u2013 people can&#8217;t afford rents, and now they can&#8217;t afford terraces. It&#8217;s tough at the moment. I think this struck a chord.&#8217;<\/p>\n<p>It comes as the cost of buying parking spaces in the capital have risen substantially, ranging from \u00a380,000 to \u00a3250,000.<\/p>\n<p>A description of the balcony on RightMove read: &#8216;Third floor terrace with a lift entrance in prime South Kensington location.<\/p>\n<p>&#8216;Ideal for property or business portfolio expansion. Only a 20-minute walk to Harrods.<\/p>\n<p>&#8216;Excellent transport links with Gloucester Road and South Kensington stations within minutes. Convenient access to shops and cafes just a minute away.&#8217;<\/p>\n<p>It added: &#8216;Next Home Ltd presents a unique opportunity to acquire this exquisite terrace with its own private entrance via a lift, located in one of South Kensington&#8217;s most coveted addresses.<\/p>\n<p>&#8216;This exciting property is ideal for individuals looking to expand their property or business portfolio.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/18\/19\/73886299-0-Next_Home_Ltd_is_selling_the_128sq_foot_railed_off_garden_in_Sta-a-2_1702928460859.jpg\" height=\"421\" width=\"634\"><\/p>\n<p>Next Home Ltd sold the 128sq foot railed off &#8216;garden&#8217; in Stanhope Gardens<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/12\/18\/19\/79099311-0-image-a-12_1702928662466.jpg\" height=\"620\" width=\"634\"><\/p>\n<p>Social media users found the listing on RightMove and were left baffled<\/p>\n<p>&#8216;Additionally, its convenient location makes it suitable for someone seeking a prestigious central London address, perfect for both business opportunities and recreational purposes.<\/p>\n<h3>READ MORE &#8211;\u00a0Balcony marketed as an &#8216;exquisite terrace&#8217; is up for sale in Kensington for a staggering \u00a350,000 (with no internal space included)\u00a0<\/h3>\n<p>&#8216;Central London green living with a beautiful garden square just across the road. Only a 20-minute walk to the world-renowned Harrods.<\/p>\n<p>&#8216;The lease has an impressive 110 years remaining.<\/p>\n<p>&#8216;Please note that the images provided are for illustrative purposes only. We encourage potential clients to conduct their own inquiries and due diligence.<\/p>\n<p>&#8216;This is an exceptional opportunity not to be missed!&#8217;<\/p>\n<p>Agent Glenn Jacobs at Next Home Ltd said: &#8216;It&#8217;s a standalone terrace area &#8211; you come up some stairs, there&#8217;s a door to access it and there&#8217;s literally just a terrace there.<\/p>\n<p>&#8216;I&#8217;ve had people approach me about whether the lease would enable them to live in a tent on the terrace.&#8217;<\/p>\n<p>The average property on Stanhope Gardens costs \u00a31,388,750, according to Rightmove. Most are flats.<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12878373\/driver-spends-35-000-JUST-balcony-Kensington-parking-space.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frustrated driver spends \u00a335,000 on JUST a balcony in Kensington so he can have a parking space on the street below The 128 sq ft railed off &#8216;garden&#8217; is located near Gloucester Road tube station\u00a0 A balcony in South Kensington has been bought by a driver who only wanted it for the parking permit as&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Frustrated driver spends \u00a335,000 on JUST a balcony in Kensington - posterboyedit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/posterboyedit.com\/world-news\/frustrated-driver-spends-35000-on-just-a-balcony-in-kensington\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frustrated driver spends \u00a335,000 on JUST a balcony in Kensington - posterboyedit\" \/>\n<meta property=\"og:description\" content=\"Frustrated driver spends \u00a335,000 on JUST a balcony in Kensington so he can have a parking space on the street below The 128 sq ft railed off &#8216;garden&#8217; 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