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MOTORING


Is your driveway paved with


Don Booker MBE takes a look at just how much our driveways could be worth


Over the past 40 years, home owners have spent lots of money improving their properties. First it was central heating and bathrooms in two-up and two- down houses and then came PVC windows and conservatories. The latest ‘must have’ seems to have gone outside of the four walls with an attractive resin driveway rather than a traditional tarmac one.


However, spending money on laying a new driveway could actually become an income generating idea as recent statistics reveal that homeowners in 50 towns and cities earn hundreds, even thousands a year by renting out their driveway, as found by online parking marketplace, yourparkingspace.co.uk. Understandably, London tops the league with average earnings of £2,313 a year through people in the capital renting driveways and private off-street parking spaces or businesses such as hotels leasing spare parking spaces. With an


‘‘I was surprised to see Sheffield, Barnsley, Rotherham and Wakefield in the top 50 too, with householders earning varying average yearly amounts from £764 to as much as £943’’


average monthly income of £192, Dick Whittington certainly wasn’t wrong in his quest to London’s streets of opportunity.


But I was surprised to see Sheffield, Barnsley, Rotherham and Wakefield in the top 50 too, with householders earning varying average yearly amounts from £764 to as much as £943. While you may think that Sheffield as a major


82 aroundtownmagazine.co.uk


UK city would generate the most in our area, Barnsley actually ranked higher at number 28 with an average monthly earning of £79.36; Sheffield was next place at 29 at £78.65 a month; Rotherham sat at 32 at £76.82; while Wakefield was closer to the bottom of the list at number 47 but still averaged around £63 monthly. Like me, I think you will be surprised at the number of South Yorkshire folk who are already cashing in on the service and reaping the financial rewards.


But one thing that doesn’t come as a surprise is the fact that the study revealed 40 percent of motorists become frustrated when searching for parking spaces and that a large proportion of those questioned felt that parking charges were too expensive. Parking spaces have become a premium commodity in recent years, especially in major cities, and the fact that spaces have been getting smaller and cars getting bigger has just exacerbated the situation. JustPark, another big name in the parking market, came up with more surprising statistics which again proved motorists are actively seeking alternative parking. They found that in Rotherham,


QUICK STATS: Barnsley


Sheffield Wakefield


UK


RANKING 28 29


Rotherham 32 47


AVERAGE MONTHLY EARNINGS


£79.36 £78.65 £76.82 £63.00


internet searches for potential parking space average 1,923 per month, with Barnsley averaging 1,074 monthly searches. Harrison Woods, Managing Director of yourparkingspace.co.uk said more homeowners were significantly boosting their household income by renting out their driveway to motorists in need.


“Demand will always be strong for driveways situated close to town and city centres, railway stations. “Parking on a pre-booked rented driveway is a win-win situation. It means additional income for the homeowner, while for the motorist it means no more parking worries,” Harrison says.


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