No-Deal Brexit…No Worries For Driveway Owners

Homeowners could offset the possible cost of a no-deal Brexit by renting out their driveways as parking spaces.

Driveways make on average more than £1,000 per year for homeowners in more than 20 UK cities with YourParkingSpace.co.uk

And according to a recent study by global management consulting firm Oliver Wyman, each UK household could be up to £960 worse-off if there is a no-deal Brexit.

The UK Government has until 29th March next year, when the UK is set to leave the EU, to secure a deal.

Harrison Woods, managing director at YourParkingSpace.co.uk, said: “As the prospect of a no-deal Brexit looms, householders renting out their driveways have the chance to make more than £1,000 per year on average in cities spread across the UK.

“This additional income could be very handy if some predictions of the cost of a no-deal Brexit, should it happen, become a reality.”

Driveways from cities in all of the home nations – England, Scotland, Wales and Northern Ireland – broke the £1,000 per year average earning potential, including London, Manchester, Glasgow, Edinburgh, Cardiff and Belfast.

Other cities and towns also earning householders a four-figure sum include Brighton, Leeds, Bristol, Dundee, Leicester and Milton Keynes.

Harrison added: “Driveways in cities all around the UK have significant money earning potential if they are situated in places of high demand, such as near a train station, local amenities, a music venue or sports stadium.”

While driveways in 24 towns and cities earned more than £1,000 per year on average with YourParkingSpace.co.uk, another 23 made more than £800 each on average.

For more information about how you can make money renting out a driveway, garage or secure parking space, visit www.yourparkingspace.co.uk