Joe_Finnerty@dennis.co.uk @AE_Consumer
National driveway hire prices
Source: YourParkingSpace
Average £99.83 £1,197.97
“Across the nation, homeowners are making around £3 per day” HOMEOWNERS in major towns and cities across the UK are earning an average of £1,197 a year from renting out their empty driveways for parking.
According to data from YourParkingSpace, London has the highest average rental yield, at £2,172 annually, but it’s not just the capital where private driveway rental can be a lucrative business.
In a top 50 league table (right), residents in 34 towns and cities, including Manchester, Cardiff, Leicester, Edinburgh and Gloucester, all earned over £1,000 a year. Across the nation, homeowners are making around £3 per day.
Compared with figures from 2013, the average parking space rental is on the rise, too, with earnings in…
