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 Berkhamsted £670,000 will buy you this immaculately presented four bedroom family home situated in the popular Priory Gardens cul-de-sac close to the town centre and leave you £20,000 to spare.
The property, which is on the market with Hamiltons Estate Agents, features an entrance hallway, cloakroom, contemporary open plan sitting/dining room with bi fold doors leading onto the garden, modern kitchen/breakfast room, four bedrooms and a family bathroom.
Outside sits the rear garden which makes for an enjoyable outdoor space and is low maintenance being part paved and part decked. There is side access and driveway parking to the front of the property.
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 Berkhamsted start at around £180,000 - the price of a property at Cowper Road.
On top of the £670,000 spent on the garage, the new owner will also have to pay £23,500 in stamp duty.