Motoring: All locked up - for pounds 90,000
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.ONE yardstick of the London housing market in the booming Eighties was the case of the broom cupboard in Knightsbridge that fetched pounds 36,000, as first-time buyers scrambled to get on to the housing ladder. A price-for-size equivalent today, as car theft continues to spread, is the lock-up garage. One such shoe-box in Maida Avenue, west London, with an unexpired lease of 115 years, went recently for pounds 90,000. The adjoining house was sold separately for about pounds 900,000. Noel De Keyzer of Savills, which handled the sale, told the Hampstead and Highgate Express: 'It reflects the demand from owners of expensive cars to procure secure off-street parking at almost any price.' John Wooden, of the British Association of Insurers, said lock-ups meant discounts on car insurance. 'The logic is simple. Cars left on the street are much more vulnerable to theft. Those in lock-ups are much safer. Hence the discounts.'
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments