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 ParkatmyHouse 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.”