- Renting out driveway could offset cost of no-deal Brexit for UK households
- Empty driveways can make more than £1,000 a year on average with YourParkingSpace.co.uk
- Estimates suggest households could be almost £1,000 a year worse off if no-deal Brexit
Homeowners could offset the possible cost of a no-deal Brexit by renting out their driveways as parking spaces.
Driveways make on average more than £1,000 per year for homeowners in more than 20 UK cities with YourParkingSpace.co.uk
And according to a recent study by global management consulting firm Oliver Wyman, each UK household could be up to £960 worse-off if there is a no-deal Brexit.
The UK Government has until 29th March next year, when the UK is set to leave the EU, to secure a deal.
Harrison Woods, managing director at YourParkingSpace.co.uk, said: “As the prospect of a no-deal Brexit looms, householders renting out their driveways have the chance to make more than £1,000 per year on average in cities spread across the UK.
“This additional income could be very handy if some predictions of the cost of a no-deal Brexit, should it happen, become a reality.”
Driveways from cities in all of the home nations – England, Scotland, Wales and Northern Ireland – broke the £1,000 per year average earning potential, including London, Manchester, Glasgow, Edinburgh, Cardiff and Belfast.
Other cities and towns also earning householders a four-figure sum include Brighton, Leeds, Bristol, Dundee, Leicester and Milton Keynes.
Harrison added: “Driveways in cities all around the UK have significant money earning potential if they are situated in places of high demand, such as near a train station, local amenities, a music venue or sports stadium.”
While driveways in 24 towns and cities earned more than £1,000 per year on average with YourParkingSpace.co.uk, another 23 made more than £800 each on average.
For more information about how you can make money renting out a driveway, garage or secure parking space, visit www.yourparkingspace.co.uk
Top 50 UK Towns and Cities (average earnings per year with YourParkingSpace.co.uk)
Town/City | Monthly | Annual |
London | £192.76 | £2,313.15 |
Brighton | £151.94 | £1,823.27 |
Leeds | £145.75 | £1,749.04 |
Oxford | £135.30 | £1,623.58 |
Bristol | £134.72 | £1,616.70 |
Manchester | £128.77 | £1,545.25 |
Edinburgh | £127.00 | £1,524.02 |
Cambridge | £125.16 | £1,501.92 |
Liverpool | £125.01 | £1,500.16 |
Reading | £123.96 | £1,487.57 |
Southampton | £123.04 | £1,476.44 |
Glasgow | £120.84 | £1,450.04 |
Belfast | £119.94 | £1,439.26 |
Cardiff | £115.73 | £1,388.75 |
Aberdeen | £109.47 | £1,313.70 |
Birmingham | £101.12 | £1,213.45 |
Luton | £100.54 | £1,206.48 |
Leicester | £98.19 | £1,178.23 |
Dundee | £97.69 | £1,172.24 |
Nottingham | £96.70 | £1,160.37 |
Bournemouth | £91.26 | £1,095.07 |
Watford | £88.08 | £1,057.01 |
Milton Keynes | £86.11 | £1,033.29 |
Newcastle upon Tyne | £84.85 | £1,018.21 |
Doncaster | £81.84 | £982.05 |
Swindon | £81.69 | £980.29 |
Stockport | £79.41 | £952.92 |
Barnsley | £79.36 | £952.33 |
Sheffield | £78.65 | £943.84 |
Plymouth | £77.64 | £931.69 |
Exeter | £77.57 | £930.81 |
Rotherham | £76.82 | £921.88 |
Derby | £76.45 | £917.34 |
Gloucester | £75.35 | £904.17 |
Rochdale | £75.13 | £901.53 |
Stoke on Trent | £74.98 | £899.77 |
Salford | £74.38 | £892.60 |
Coventry | £74.14 | £889.67 |
Wolverhampton | £72.69 | £872.25 |
Swansea | £72.20 | £866.40 |
Dudley | £71.68 | £860.10 |
Middlesbrough | £71.21 | £854.54 |
Kingston upon Hull | £68.64 | £823.65 |
Oldham | £68.50 | £822.04 |
Sunderland | £67.98 | £815.74 |
Walsall | £66.16 | £793.93 |
Wakefield | £63.75 | £764.94 |
Bradford | £56.61 | £679.30 |