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  • 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

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