People are only just realising that they could make almost £10,000 a year by renting their driveway
HOMEOWNERS were stunned to realize they could make almost £10,000 a year by renting their driveway.
Thousands of Brits travel abroad for their holidays, but airport parking is an additional concern for motorists due to rising costs.
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But motorists can save hundreds of pounds by parking their car in someone else’s driveway – and homeowners can earn a second income with a spare spot.
According to car operator YourParkingSpace, motorists living near some of the UK’s busiest airports earned almost half a million pounds last year.
Homeowners renting their driveway near Greater London airports including Heathrow Gatwick and London City brought in over £293,000.
Almost half of that income was generated during the busy months of June to September, with London car park owners earning a total of £115,005 over the period.
And those who rented out their space in the east of England, which included Luton and Stansted airports, earned nearly £80,000, or £3,015 per space.
Manchester, which gave homeowners who rented their driveways an income of £31,870, was third among the top earners.
Those who live near Bristol, Gloucestershire and Cornwall airports together made a combined turnover of £25,722.
Brannan Coady, CEO of your parking spacewhich examined turnover figures from people living within two miles of 12 of the UK’s main airports, said: “Last year we saw more Brits wanting to go abroad after several years of protracted and severe travel disruption.
“At the same time, we saw that prices were starting to increase at many airport car parks, and at that point more holidaymakers started looking around and realized there were savings there.
“By being able to offer cheaper alternatives, space owners can offer competitive prices to those looking for a business, while also making a little more money themselves.”
This came after an airport parking company that guarantees secure parking actually parked cars on the curb.
Also, a holidaymaker was furious after an airport parking company left his car damaged and dirty.
