Homeowners with driveways could earn up to £200 a month by renting out their parking spaces, according to MoneySavingExpert (MSE). The consumer website, founded by Martin Lewis, suggests listing on parking apps and sites where motorists pay to use the spot.
The amount earned depends on location, with properties near train stations, hospitals, airports, or stadiums likely to fetch higher returns. MSE noted: “Depending on your area, you could net up to £200/month (more in some places, eg, parts of London) just for letting somebody park in your drive or garage.”
However, the scheme is not for everyone. MSE warns that homeowners must have their own off-street parking and cannot sell a residents’ parking permit. It is usually free to list, but sites may take a commission. Users should check local regulations, insurance, income tax, liability, and mortgage issues before proceeding.
The UK Government states that renting out one parking space without planning permission is generally allowed in England, provided it does not cause a nuisance. Saga advises having a written agreement to clarify that the space owner is not responsible for the vehicle or its contents.
