‘Serious money spinner’: Drivers could make over £30,000 from renting out driveway
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Savvy drivers are cashing in their driveways by making them available for hire for other motorists to book to park on them. Spaces in Bristol, London and Blackpool all topped the list as some of the highest earning parking spaces in the UK.
A parking location near Bristol Airport was found to be the highest earning space in the UK, racking up total costs of £33,100 in the last year alone.
Drivers use YourParkingSpace to offer other users the chance to rent their parking space for a number of events.
Many of the most popular parking spaces are used for a cheaper alternative to airport parking, leaving your car nearby for a sporting event or even as part of their commute.
Drivers can rent parking spaces hourly, daily and even monthly, and the website offers over 350,000 parking spaces across the UK.
Following Bristol Airport, the following seven highest earning parking spaces are also based in and around London.
Of the seven, two were near Stansted Airport, with a further three in Tottenham near the newly built football stadium, as the most successful parking space raking in £12,048.
Harrison Woods, CEO at YourParkingSpace, commented on how drivers in certain areas could benefit massively.
He said: “Parking spaces near busy locations like airports, train stations or office spaces, such as this one in Bristol, can be a serious money spinner for Brits looking to kick their financial worries to the kerb this winter.
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“Those with one vacant space can make a nice side income, for people with a few empty spaces it can be extremely lucrative.
“Listings near football stadiums and music venues are popular with punters, and this space close to the Tottenham Hotspur Stadium is no different, ranking third on our parking space league table as it takes home a Champions League spot.
“Our parking data shows how shrewd householders can make a substantial additional income by renting out their empty driveways or off-road parking space, particularly in hotspots near airports and tourist locations.
“No doubt, this trend will only continue as Brits enjoy the freedoms of post-lockdown life.”
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