£150,000 for half a garage

It boasts one of the most sought after locations in London and is surrounded by the homes of the rich and famous.

And for £150,000, a garage in Notting Hill could be yours. Well, to be precise, half of it.

Solicitor-turned-property developer James Edmonds has written to neighbours offering to split his double garage and put one half on the market.

But while residents say parking is not a big problem in Kildare Terrace, local estate agents believe Mr Edmonds, currently on holiday in France, will have no problem selling half his garage for close to the asking price.

Charles Dowson, of Jackson-Stops & Staff, said: "The residents are mostly big media figures, pop stars and actors with very nice cars. If you're spending £2million on a house, another £150,000 doesn't start to look too ridiculous."

Some of Mr Edmonds's neighbours also believed someone would take up the offer. "Why not?" said one. "There are all sorts of crazy prices out there and someone is just crazy enough to pick this place up."

And to show how "crazy" the price may be, here's what £150,000 can buy elsewhere - Milton Keynes: four-bedroom, detached home; Manchester: detached, three-bedroom home; Falmouth, Cornwall: four-bedroom maisonette with courtyard garden; Oxford: two-bedroom, Victorian mid-terrace.