- Students who park their cars using YourParkingSpace.co.uk could save an average of 39 per cent on their parking bill by parking on rented driveways
- Savings of £234 a month can be found at Cardiff university, representing a smart saving of 66 per cent
- UK homeowners who live near other popular universities could earn an average of £180 a month through renting out their driveway parking spaces
Savvy students looking to spend money wisely this academic year could save an average of 39 per cent on car parking fees by parking on rented driveways close by to campuses, rather than using other traditional pay-on-day parking spots.
Research conducted by the online parking portal, YourParkingSpace.co.uk, discovered that Cardiff, Nottingham and Sheffield were the top university destinations where students could capitalise on parking savings.
Students in Cardiff could potentially save a whopping £234 a month when using the site to pre-book a car parking spot over a five-day, four-week period. Meanwhile, students at Newcastle University and the University of Nottingham and could save an average of £176 and £177 per month, respectively.
Harrison Woods, CEO at YourParkingSpace.co.uk, commented: “Amid the deepening cost of living crisis, students are likely to be struggling even more than they usually would. However, with some forethought, smart-thinking students who drive to campus can ensure that they keep their motoring expenses as low as possible.
“Many universities offer more parking permits than spaces at their campuses, and with limited public parking near university sites, YourParkingSpace.co.uk offers a more cost-effective alternative solution. Students can now park at an affordable rate, and still within walking distance of their university.”
The research also revealed the top university locations where homeowners could make the most money from their driveway. Perhaps, unsurprisingly, homeowners near the University of London’s central hub could earn the most through renting out one of their spots, earning an extra £110 a week. On average, across the country, the research showed a household could earn up to £45 a week.
Harrison added: “The benefits of our platform encompass both the driver and the owner of the private car parking spot, and we’re the only website in the UK which actively promotes discounted pre-booked parking.”
“All across the country there is money to be made and savings to be had through some careful planning. Because YourParkingSpace.co.uk offers longer-term rentals, you can also ensure that you always have a spot to park during these tough times.”
To learn more about parking on a rented driveway, garage or secure parking space, visit www.yourparkingspace.co.uk.
|
University |
Cost of traditional parking (average of 5 spots within 1 mile radius of campus) |
Cost of YourParkingSpace.co.uk parking (Avg of 5 spots in 1 mile radius) |
Average saving in £ |
% saving |
|
Cardiff University |
£17.67 |
£5.97 |
£11.70 |
66% |
|
University of Nottingham |
£14.00 |
£5.18 |
£8.82 |
63% |
|
Sheffield Hallam University |
£16.18 |
£6.70 |
£9.48 |
59% |
|
University of Cambridge |
£20.08 |
£8.40 |
£11.68 |
58% |
|
Newcastle University |
£16.19 |
£7.30 |
£8.89 |
55% |
|
University of the West of England |
£18.58 |
£10.02 |
£8.56 |
46% |
|
Coventry University |
£8.00 |
£5.60 |
£2.40 |
30% |
|
University of Portsmouth |
£11.78 |
£8.77 |
£3.01 |
26% |
|
University of Edinburgh |
£17.03 |
£12.90 |
£4.13 |
24% |
|
University of London |
£25.37 |
£22.18 |
£3.19 |
13% |
|
Ulster University |
£2.72 |
£2.40 |
£0.32 |
12% |
|
University of Manchester |
£14.48 |
£12.90 |
£1.58 |
11% |
|
Average savings |
£15.17 |
£9.03 |
£6.15 |
39% |