Deckchairs and Driveways

Mon 13th Jul 2020

A growing demand for parking spots in the UK’s coastal resorts has opened a niche market for home owners cashing in on the use of their driveways to rent.

According to specialist website, YourParkingSpace.com, the demand for rented driveways has increased by 375 per cent in some areas of the country, with staycation holidays during the pandemic proving more popular than ever.

According to the report, some homeowners are making £150 a month, renting out their unused driveway space, with even higher premiums in some of the more popular resorts.

Driveway rental has seen a growing demand in recent years, with dedicated websites making it easier for those in prime locations to cash in on their real estate. Those living close to major attractions and football grounds can make the most of their drive, making it sometimes easier and cheaper for drivers to park-up.

“We’re seeing a massive increase in rented driveway bookings in seaside towns as Brits return to the coast following a relaxation in lockdown rules,” said managing director Harrison Woods.

“Our research shows that Southend-on-Sea has enjoyed a massive 375% increase in rented driveway bookings post-lockdown, the highest by some way. I would expect demand here to only increase in August throughout the summer holidays, and at other seaside resorts, with many people preferring a staycation.”

 

Top 10 seaside resorts for rented driveway parking

Southend-on-Sea

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

375%

Average monthly driveway earnings

£75

Brighton

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

340%

Average monthly driveway earnings

£162

Weymouth

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

320%

Average monthly driveway earnings

£57

St Ives

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

310%

Average monthly driveway earnings

£70

Great Yarmouth

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

285%

Average monthly driveway earnings

£53

Worthing

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

280%

Average monthly driveway earnings

£78

Margate

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

250%

Average monthly driveway earnings

£70

Blackpool

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

230%

Average monthly driveway earnings

£72

Bournemouth

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

220%

Average monthly driveway earnings

£92

Hastings

Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted

175%

Average monthly driveway earnings

£48

Data: YourParkingSpace.com