Seaside resorts shine as rented driveways offer lucrative income

Homeowners with empty driveways in seaside resorts could tap into demand for parking spaces as people opting to staycation flock to the coast now that lockdown restrictions are being eased, YourParkingSpace.co.uk suggests

The parking rental portal reports that coastal towns and cities such as Southend-on-Sea, Brighton, Weymouth and St Ives have seen the number of rented driveway bookings increase by more than 300% over the past month.

Other seaside resorts, including Bournemouth, Blackpool, Margate and Great Yarmouth, have witnessed rented driveway bookings rocket by at least 220%.

Harrison Woods, managing director at YourParkingSpace, said: “We’re seeing a massive increase in rented driveway bookings in seaside towns as Brits return to the coast following a relaxation in lockdown rules.

“Our research shows that Southend-on-Sea has enjoyed a massive 375% increase in rented driveway bookings post-lockdown, the highest by some way. I would expect demand here to only increase in August throughout the summer holidays, and at other seaside resorts, with many people preferring a staycation.”

Data from the online parking platform reveals how much seaside homeowners are making on average by renting out their driveways, when they are not being used, to other motorists needing somewhere to park.

Brighton tops the coastal earnings chart with driveway owners making a staggering £162 per month on average with YourParkingSpace.co.uk, followed by Bournemouth and Worthing where residents make on average £92 and £78 respectively.

Woods said: “Our figures show that renting out an empty driveway is a great way for some seaside residents to earn an additional income. However, it is also a good opportunity for visitors to possibly save on parking charges as driveways can be cheaper than traditional car parks while also providing more social distancing room for the vehicle’s occupants.”

www.yourparkingspace.co.uk

 

Top 10 seaside resorts for rented driveway parking with YourParkingSpace.co.uk	Percentage increase in rented driveway bookings with YourParkingSpace.co.uk since lockdown restrictions lifted	Average monthly driveway earnings with YourParkingSpace.co.uk
Southend-on-Sea	375%	£75
Brighton	340%	£162
Weymouth	320%	£57
St Ives	310%	£70
Great Yarmouth	285%	£53
Worthing	280%	£78
Margate	250%	£70
Blackpool	230%	£72
Bournemouth	220%	£92
Hastings	175%	£48