Empty driveways in London can earn their homeowners up to £5,860 per year, with the first £1,000 tax-free, making them some of the highest earning driveways in the UK, data from parking app firm JustPark has found.
According to Direct Line Car Insurance, 3.5 million Britons are renting out their parking space and across the UK driveways are collectively earning over £3.8 billion annually.
OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.