A double garage in an upmarket part of London was sold for a record-breaking £670,000 this week.
The lockup is sandwiched between two large homes near the River Thames in Chelsea, south-west London.
Chris Coleman-Smith, from Savills Auctions, said: “It is like a little oasis in Chelsea. It is a fantastic spot, north of Cheyne Walk and south of the Kings Road.”
The auction house, which described the garage as being in “the best part of Chelsea”, gave it a guide price of £525,000 - two-and-a-half times the price of the average home in England and Wales.
Bidding quickly exceeded the estimate as investors battled it out to get their hands on the 332 sq/ft garage.
The new owner, a London-based phone bidder, managed to outbid a number of people with a final offer of £670,000 for the garage.
In Bedford £670,000 will buy you this wonderful Grade II Listed five-bedroom stone built character property on Bromham Road with £20,000 to spare.
On the market with William H Brown Estate Agents, the property has been extended and renovated by the current owner and offers versatile accommodation, located in the heart of Bedford with good access to Bedford train station.
The London garage sale is - only slightly - less staggering when you consider that the current owner has secured planning permission to convert it into a one-bedroom home.
One bedroom flats in Bedford start at around £55,000 - the price of a property on Alexandra Road.
On top of the £670,000 spent on the garage, the new owner will also have to pay £23,500 in stamp duty.