Parking pays for some

Parking Pays for Some

Home and business owners across the UK earned more than £2million in 2015 by renting out their unused parking spaces.

Online parking

YourParkingSpace.co.uk is reminding home and business owners the huge benefit that their unused spaces could have on their finances in 2016. Its customers, both private and commercial, rent out a variety of parking spaces through the site including driveways, private off-street parking spaces, lock-up garages and spaces from commercial car park operators.

With household finances continuing to be squeezed, renting out unused parking spaces could be a great way to earn extra, regular income.

Joan Pryce, from Fareham, near Portsmouth, rents out a garage parking space for £60 per month. “I first discovered the idea of renting out my parking space by looking online. There have been no issues as my rental client has been very good. I spend the extra income on household bills; not very exciting but extremely helpful living on a pension and it stops my husband hoarding in the garage!”

Benefits

Those who live near high profile event and sports venues could benefit the most. Joy Farrukh lives close to Wembley Stadium and rents out nine spaces across her two driveways, earning £15 per day for each space when events are taking place.

“My brother introduced me to the idea of renting out my drive as he already knew about it and when he realised the size of both my drives and the location of my homes, he put the idea to me”, said Joy.

“I meet and chat with almost all of the drivers because I think it's important for them to feel a strong element of trust in me knowing that their vehicle is safe and then they are at complete ease as though they've parked with me before.”

Commenting on the amazing sums that its customers earned in 2015, Harrison Woods of YourParkingSpace.co.uk, said: “It’s great that our customers have earned such significant amounts of money by renting out their unused spaces with us. We hope that even more customers will join our parking revolution in 2016.”