Woman shares ‘simple’ driveway parking tip that earns £50 a month

THIS nifty parking trick could earn you some extra cash – one woman is making up to £50 a month from it.

A Cambridge woman has increased her income simply by renting out her parking space online.

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It comes as the cost of living crisis goes on, forcing many Brits to save cash wherever possible.

The Express reported Christiane Pearl made money from her own parking space using online site YourParkingSpace.

Christiane explained: “A friend of mine told me about it – it seemed like a simple idea with very little effort involved. 

“My main aim was to make some extra money as I was doing small part-time administration jobs being paid hourly, so the idea of making a small income but not actually having to do anything seemed like a lightbulb moment.”

“Every time a car parked I felt like I had won a prize,” she told YourParkingSpace.

Christiane added: “I typically generate £30-£50 a month and made over a few hundred pounds in 2022, but anything over £0 is a bonus to me since I’m normally paid hourly.” 

Commenting on Christiane’s success, Harrison Woods, CEO at YourParkingSpace, even highlighted this major benefit of bringing in the extra income – especially as the financial crisis wages on.

Her home town, like many others across the UK, has expensive parking or resident-only spots.

Can I rent out my parking space?

There is huge demand for parking spaces in many areas, so renting out your driveway could see you earn some much-needed cash.

It’s worth checking with government guidelines, though. Not every parking space can be rented out.

According to MoneySavingExpert, some local councils have asked for hefty planning application fees if you want to rent your spot.

But it added the Government says renting out one parking space without planning permission is fine in England, provided it’s not a nuisance to neighbours and there are no other major concerns.

The Gov.uk website says: “It should be possible to rent parking spaces without planning permission, provided there are no substantive planning concerns such as public nuisance to neighbours.”

You must also check there are no planning conditions or restrictions on renting out spaces.

There are other things to check for, too.

Make sure you have a contract, you are definitely a tenant, your insurance, mortgage terms and tax allow it – and if you are renting, confirm your tenancy agreement permits it.

The Evening Standard reported Londoners who earn extra cash from renting out their driveways and parking spaces could be fined up to £20,000 if they fail to get planning permission.

So be sure to check the rules before renting out your extra space.

Meanwhile, Britain’s most expensive council-run car parks have been revealed.

Local authorities have been accused of treating motorists like a ‘cash cow’ as they seek to ratchet up parking charges amid a cost of living crisis.