Exeter residents could earn an extra £1,500 per year, claims parking portal

Booking data from YourParkingSpace.co.uk shows that savvy homeowners in Exeter could be earning an average of £1,500 a year by listing their empty driveway on their parking platform.

Finding somewhere to park in Exeter has always been difficult, with some drivers paying up to £15 for a day’s parking in official car parks, particularly in problematic parking areas close to retail areas and the city centre. 

However, this demand for more affordable parking brings with it opportunities for residents in Exeter with a parking space to earn some easy extra cash. Those with spaces close to the city centre, event venues or transport links could look forward to an extra £1,500 a year by listing their space and renting it out through online parking platform, YourParkingSpace.co.uk.

In turn, shoppers, tourists and commuters alike can benefit from cheaper parking prices, with no max-stay limits, by pre-booking parking in a residential space that they know will be available on the day. 

In particular, spaces close to Exeter St Davids station and within walking distance of the area around Exeter Cathedral are in high demand. 

This research has come out at a time when road traffic volumes now exceed pre-Covid levels, with many commuters opting to return to work via driving rather than taking public transport. 

Harrison Woods, CEO at YourParkingSpace.co.uk said “Increasing numbers of homeowners in Exeter and across the UK are significantly boosting their household income by renting out their driveway to motorists needing somewhere to park. Exeter has always been a hotspot for demand given the limited supply of parking, it’s a significant opportunity for residents in and around the city to top up their incomes at a time when the cost of living is rising so rapidly. 

For more information visit YourParkingSpace.co.uk