How you can park in unused driveways and garages
PUBLISHED: 11:32 05 April 2016 | UPDATED: 11:32 05 April 2016
Live in a handy spot? You can gain a new income by letting other people park in your space, Sue Bromley discovers
When we first heard that home and business owners across the UK earned more than £2m last year by renting out their unused parking spaces, the obvious assumption was that virtually all this income was racked up in the best London addresses, followed by a couple of other city hotspots.
But a quick visit to YourParkingSpace.co.uk soon put us right. Among those renting out their driveways, garages, or off-street parking places by the day, week or longer are people living across our two counties.
For instance, a parking spot with 24/7 access in a private residential area five minutes walk from Reading train station was on offer for £187.50 per month. It was a similar story in Maidenhead with allocated space on a private driveway close to the station there marketed at £6.25 a day. Handy if you have a particularly valuable car was the addition of CCTV monitoring.
Driveway parking on the outskirts of Windsor, or in a gated community in the town, was available for booking at £6.25 a day. Meanwhile, in Ascot some residents were looking for as much as £40 a day for a private driveway within walking distance of the racecourse. At the other end of the county, but still in racecourse land, one parking space in Newbury was being marketed as ‘ideal for Vodaphone HQ’ at £6.25 a day.
In Marlow, Buckinghamshire, the offers included a private driveway within easy walking distance of the station and close to the industrial estate, available from early morning to 6pm for £5.50. Aylesbury’s opportunities included a driveway outside a cottage in a ‘good area, safe and secluded site’ near the station for £62.50 per month. We also found a private driveway in Beaconsfield Old Town, available 24/7 for £6.25 a day – with the one proviso that you don’t park in front of the owner’s garage.
It was the same price for a central High Wycombe drive just five minutes from the town centre. In Milton Keynes the top spots are near the train station, with walking distance tending to set price – from £3.50 to £12.50 a day. Amersham offers direct access to the Metropolitan Line, and here safe driveway parking can be found for from £62.50 to £100 a month.
As well as additional income we can see another benefit for homeowners renting our their driveways – if you are out all day your home will still appear occupied, courtesy of someone else’s car parked there. For anyone living close to rail or coach links to London it’s easy to see how empty space can earn you money.
YourParkingSpace.co.uk was founded in 2013 and offers driveways, lock-up garages and, significantly, spaces from commercial car park operators. In the past 18 months it has raised £250,000 in seed investment, signed a 15-month partnership with NCP, and began offering hourly and daily pre-booking at car parks and parking spaces nationwide.
Listing your potential space is free; the business adds a service fee, usually around 20%, to the price you want to achieve. Payments are made monthly.
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