London, Leeds and Bristol top table of driveway rental earnings
- Credit: Archant
Enterprising homeowners in London, Leeds and Bristol have topped a table of earnings from simply renting out their driveways as public parking spaces.
Residents in the English capital who use YourParkingSpace.co.uk are earning an average of £2,172 per year, says the firm. Houses close to train stations and zones where parking is normally restricted are the most popular, with earning potential peaking at £4,371 per year in the London borough of Westminster.
Average earnings in Leeds are £1,762, while Bristol, whose recent furore over controversial residents’ parking zones cost the elected mayor his job, sits in third with £1,711.
Harrison Woods, managing director of YourParkingSpace.co.uk, said: “Renting a driveway, garage or secure parking space is an easy, simple and potentially lucrative way for homeowners and businesses to earn some extra income.
“If your home is near to local amenities such as a train station or sporting venue, it certainly boosts the earning potential of a parking space, but as our analysis shows, it’s possible to earn a significant amount in all parts of the UK.”
You may also want to watch:
Manchester, Cardiff, Leicester, Edinburgh and Gloucester all break the £1,000 barrier, while the top 50 is rounded out by Wakefield. Average earnings are £727 per year at the small northern city.
- 1 Stevenage's annual fireworks display returns on Bonfire Night - November 5
- 2 Closure order granted after drug-related crime and anti-social behaviour
- 3 Multiple cars involved in A1(M) collision
- 4 Victim kicked repeatedly in Hitchin early hours attack
- 5 Box Wood: 42 acres of ancient woodland sold at auction
- 6 5 of the best pumpkin picking locations in Hertfordshire
- 7 Man sentenced for string of sexual offences in Stevenage
- 8 Surprise signing Adam Smith happy to get back into training and playing with Stevenage
- 9 Knebworth's Jamie Rutherford lands Tour Championship with dramatic final round
- 10 Resident with disabilities 'embarrassed' after council disposes of wheelchair