Home and business owners in almost 30 towns and cities across the UK made an average of more than £1,000 per year from renting their empty driveway or parking sapce, according to YourParkingSpace.co.uk.
Driveways in London netted the most money, earning their owners on average £2,303 per year. This is up 6% on the previous year, reflecting a growing demand for the service.
The borough of Kensington and Chelsea topped the list within London with its residents earning £3,367 on average.
“These results demonstrate that there are potentially very lucrative money earning opportunities across the UK from renting a driveway, garage or secure parking space,” said Harrison Woods, managing director of YourParkingSpace.co.uk.
“Meanwhile, an increasing number of businesses with spare parking capacity are also registering on YourParkingSpace.co.uk. It’s very simple to do and unlocks a potentially significant revenue stream, in many cases just by being close to local amenities.”
Top 10 UK Towns and Cities (average earnings per year)