Have you ever wondered how much rental income you can make from your empty driveway?

According to latest data revealed by YourParkingSpace.co.uk, Oxford homeowners can earn £1,528 per year on average from renting out their empty driveways.

Oxford stands sixth on the list, with only London, Brighton, Edinburgh, Bristol and Leeds homeowners earning more from their driveway rentals.

Those a little further down the money-making scale include residents of Swindon, Salford, Dudley and Gloucester, where an average annual additional income of more than £750 is being achieved from offering a driveway to rent.

Meanwhile, homeowners, including those in Dundee, Oldham, Newport and Sunderland are still making more than £600 per year on average from their empty space, proving to be a valuable side income, especially on the back of a pandemic, which had financial implications on most families.

Data also reveals that the demand for rented driveways has remained strong across the UK despite unprecedented times.

Harrison Woods, CEO of YourParkingSpace.co.uk, said: “It is very encouraging to see that homeowners across the UK are able to make significant sums by renting out their driveways to motorists needing somewhere to park.

“If an empty driveway, garage or off-street residential parking space is near a sport or music venue, close to the shops or to nearby public transport, then there will particularly strong demand for bookings no matter which town or city it is located in.”

For more information or to list your empty driveway for free, visit www.yourparkingspace.co.uk.