DESIRABLE St Ives location with whitewashed walls, brick paved floors and stunning sea views - five new developments for sale at auction with a guide price of £50,000 each.
These offerings from Bradleys Estate agents might sound like the bargain of the century.
Until you realise they are parking spaces.
The five compact car parking slots are on a slice of land on Barnoon Terrace in St Ives, where homes (often without parking) can sell for £600,000.
As The Cornishman's exclusive about a £55,000 parking space in August highlighted, when it comes to parking in St Ives - named Coastal Town of the Year in the British Travel Awards this week - you can name your price.
The spaces are being sold by Bradleys at auction on November 28.
And the company say they have already turned down an offer of £100,000 for two of the five because they expect them to go for more than the £50,000 each guide price.
John Harvey, Bradleys manager in St Ives, said: "We're waiting because we're hoping we might get even more.
"I don't think they will go dramatically over that but we we want to auction them all together because it brings more people to the auction and increases the market."
The owners are believed to have bought a house themselves on exclusive Barnoon Terrace and knocked down an old double garage to create the five parking spaces.
Previous owners have tried and failed to gain planning permission for a two-storey house on the same plot.
The news has led to increased concern amongst St Ives residents who feel they are being "pushed out" of the market to buy homes - or parking spaces.
Steve Cross, of independent St Ives estate agents Cross Estates, said: "Local people can't buy at this level but there are lots of people from outside who will.
"The resentment is growing. There is a fine line because we need those second home owners coming in - this is a tourist town - but we need our core customers, the local people, too, and they need somewhere to live. And some of them feel they are being pushed out."
Each space is expected to sell for more than double the average wage of people in Cornwall - currently around £22,000.
Andrew Mitchell from St Ives Town Council said: "It shows the mismatch in St Ives and many other Cornish villages and towns between the local population on low wages and seasonal jobs and second home owners."
The parking spaces will be auctioned (unless previously sold) on November 28 at 2pm at 14 Barnoon Terrace.
Bradleys say interested parties should contact them 24 hours before the sale to confirm the lots are still available.
Do you think paying £50,000+ for a parking space makes sense?
These offerings from Bradleys Estate agents might sound like the bargain of the century.
Until you realise they are parking spaces.
The five compact car parking slots are on a slice of land on Barnoon Terrace in St Ives, where homes (often without parking) can sell for £600,000.
As The Cornishman's exclusive about a £55,000 parking space in August highlighted, when it comes to parking in St Ives - named Coastal Town of the Year in the British Travel Awards this week - you can name your price.
The spaces are being sold by Bradleys at auction on November 28.
And the company say they have already turned down an offer of £100,000 for two of the five because they expect them to go for more than the £50,000 each guide price.
John Harvey, Bradleys manager in St Ives, said: "We're waiting because we're hoping we might get even more.
"I don't think they will go dramatically over that but we we want to auction them all together because it brings more people to the auction and increases the market."
The owners are believed to have bought a house themselves on exclusive Barnoon Terrace and knocked down an old double garage to create the five parking spaces.
Previous owners have tried and failed to gain planning permission for a two-storey house on the same plot.
The news has led to increased concern amongst St Ives residents who feel they are being "pushed out" of the market to buy homes - or parking spaces.
Steve Cross, of independent St Ives estate agents Cross Estates, said: "Local people can't buy at this level but there are lots of people from outside who will.
"The resentment is growing. There is a fine line because we need those second home owners coming in - this is a tourist town - but we need our core customers, the local people, too, and they need somewhere to live. And some of them feel they are being pushed out."
Each space is expected to sell for more than double the average wage of people in Cornwall - currently around £22,000.
Andrew Mitchell from St Ives Town Council said: "It shows the mismatch in St Ives and many other Cornish villages and towns between the local population on low wages and seasonal jobs and second home owners."
The parking spaces will be auctioned (unless previously sold) on November 28 at 2pm at 14 Barnoon Terrace.
Bradleys say interested parties should contact them 24 hours before the sale to confirm the lots are still available.
Do you think paying £50,000+ for a parking space makes sense?
