Ever thought about turning your driveway into quick cash? - The Droitwich Standard
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12th Aug, 2022

Ever thought about turning your driveway into quick cash?

Claire Bullivant 30th Jun, 2022 Updated: 30th Jun, 2022

Nowadays it seems you can rent out almost everything… your house, your car, your designer handbags… why not your car parking space?

I recently came across YourParkingSpace when I was late for a concert to see The Killers at the Coventry Stadium a few weeks ago.

I was racing around trying to find a parking spot but every car park was full and every square inch of legal parking road was filled bumper to bumper. So I resorted to Google and typed something like “parking near Coventry Arena” when lo and behold YourParkingSpace drove into my vision with a selection of local empty spaces to choose from.

Basically the website allows people to rent out their drive ways or parking spots for a nominal fee. I think I paid about £15 for a space a short walk away from the venue and to be honest I couldn’t believe my luck. My parking space was also closer to the stadium than some of the official carparks.

I admit it was a bit strange just leaving my car on someone’s driveway but I checked and then double checked again that it was the right spot from the photos on the website. I checked the amount of time I needed, paid the fee and I was off to see Brandon Flowers and his band rock with 37,000 other people at the stadium. I didn’t even have to meet the owner of the parking space or exchange any cash… it was all done online in a few seconds and very easy to do.

It is thought with the 2022 Commonwealth Games now fast approaching, parking on rented driveways could help avoid ‘parking chaos’ close by to the games’ venues, claims an industry expert from YourParkingSpace.co.uk.

Up to one million additional visitors are expected to visit the West Midlands, Worcestershire and Warwickshire between 28 July and 8 August, as fans, athletes, and the world’s sporting press alike flock to the nation’s second city.

The spike in visitors to the region is expected to result in road closures and increased traffic congestion, as well as a scarcity of parking options for motorists looking for somewhere to park at the 16 locations hosting the games across the region (plus all the cycle routes in between).

This has led CEO at YourParkingSpace.co.uk, Harrison Woods, to warn visitors that traditional pay-on-day parking options could prove difficult to come by during the games, and has urged motorists to consider alternative parking arrangements:

“The Commonwealth Games promises to be a spectacular sporting event, and it’s great to see such high levels of enthusiasm for the occasion. However, with so many visitors expected in the region, as well as the planned road closures, it could be parking chaos – spectators must be warned that they shouldn’t just be expecting a race on the athletics circuit, but also a race for parking!

“However, parking on rented driveways could offer an alternative to traditional pay-on-day parking options, meaning spectators can enjoy the games, leaving the hard work to the athletes!”.

But it’s not just motorists who are benefitting from parking on rented driveways, as more and more West Midland-based homeowners are expected to list their driveways on the YourParkingSpace app to accommodate the increase in visitors during the games.

Harrison concluded:

“Our booking data reveals that Birmingham has always been one of our driveway hotspots, with residents of the second city pocketing a staggering half-a-million-pounds from renting out their driveways to motorists in 2021 alone. And with the Commonwealth Games taking place in the city this year, I’m sure enterprising Brummies are on track for a record year of driveway income.”

YourParkingSpace is the UK’s fastest growing parking operator transforming isolated parking assets into connected mobility hubs, whilst also operating the UK’s leading on-demand consumer parking marketplace. The business processes thousands of advance and on-demand parking reservations daily across the UK, generating £48.5million for its clients to-date.

Its 85,000 space providers range from individual driveway owners through to household names such as Premier Inn, Tesco and Morrisons. YourParkingSpace has been placed 86th in the Tech Track 100, the UK’s fastest growing technology companies, and 546th in the FT1000 annual list of Europe’s fastest-growing companies.

So what’s there to lose? If you have a spare parking spot you might like to drive a few pounds from, why not list it?

To learn more about listing your driveway for the Commonwealth Games and beyond, visit www.yourparkingspace.co.uk.

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