Greengates Builders Merchants

Driveways Earn £200m For Parking

BRITAIN'S driveways are earning their canny owners a staggering £200million a year as frustrated motorists seek cheap and convenient parking.

An estimated half a million homeowners are cashing in on demand for a cheap space while drivers are away, at work, or shopping, according to Parkat­myHouse.­com.

The trend is thanks to sky-high car park charges and ticket-happy traffic wardens.

A London rented driveway makes an average of £240 a month whereas one in Yorkshire and Humberside makes an average of £140 a month.

Rents have increased by an average of eight per cent in the past year but remain cheaper than car parks or meters.

The boss of Park at my House is calling for a tax concession similar to that for house owners who rent out a room.

Alex Stephany said: “The rent-a-room relief scheme has been in place for the past 16 years and provides tax free income for those who are letting out a furnished room.

“We’d love to see this relief extended to those who are letting out their driveways.

“It would bring them some much-needed extra cash, help boost the economy and would also be hugely beneficial for our ailing local high streets.”

 

Posted in Product news on