Pick up a parking lot... for £50,000!

Finding somewhere to park your car in a tourist area is always a stressful business.

But for visitors to one of Cornwall's most popular resorts, their parking problems could be over for good... if they stump up £50,000!

That's the price which is being quoted for five spaces in the picturesque seaside town of St Ives.

Each space has been given an asking price of £50,000 when they go up for auction later this month.

The news has angered residents as it comes just months after a similar parking space close by sold for £55,000.

Town councillor, Andrew Mitchell, said: "It sticks in the throat of local people.

"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.

"It is ridiculous that many of those that live here can't afford a home. They can't even afford one of these parking spaces."

But despite this the spaces have received a lot of interest. They're being put to auction on behalf of a local estate agent, and it's believed offers to the tune of £100,000 have been turned down.

Talking to the Daily Mail, estate agent employee Sam Peters, said: "We have got about 60 people who are interested. There is simply not enough parking capacity in the town for the number of people that are here.

"And there are plenty of people prepared to pay these kind of prices. If a house has a parking space in St Ives the value shoots up, so the spaces will pay for themselves."

Would you be prepared to fork out £50,000 for one of these spaces? Let us know by posting your comments below.