How much is it worth?
A survey by garage agent ParkLet.co.uk, showed that rent for driveways and private parking spaces in sought-after London postcodes averages £273 a month, while other listing websites quote rates of as low as a few pounds for a day.
Driveways and off-street parking spaces that are in demand include those near sports and leisure stadiums, as well as close to airports, train stations and the congestion charge zone. Some are rented by people going to one-off events like football matches, others by regular commuters.
ParkAtMyHouse.co.uk advises space “landlords” to check their home insurance will cover them for any problems and warns against selling on local council parking permits - a law breaker.
Websites often offer free listings and then charge commission on parking fees. As well as ParkLet.co.uk and ParkAtMyHouse.co.uk, try YourParkingSpace.co.uk and SpareGround.co.uk.