Parking Paydays | Compare the Market

Across the UK, vehicle owners need somewhere to keep their cars, bikes and vans when they’re not on the road. If you have a parking space or garage spare, consider renting it out: it could be your parking payday.

Parking Paydays | Compare the Market

TOP 10 CITIES

Parking Paydays | Compare the Market

It’s no surprise that the highest demand for parking spaces is in busy cities, but how much could a spare spot earn you? Check out the index below to see how much demand there is and just what you could earn.

Check out how many people are searching for parking spaces each month and the average amount of rent residents are charging for their spare space or garage in some of the UK’s busiest cities.

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  • Rank
    City
    Number of Spaces
    Daily Space Cost
    Monthly Space Cost
  • 1

    London

    18906

    £24.30

    £315

  • 2

    Brighton

    645

    £12.59

    £170

  • 3

    Edinburgh

    659

    £11.82

    £145

  • 4

    Nottingham

    646

    £11.21

    £95

  • 5

    Leeds

    971

    £8.34

    £131

  • 6

    Cardiff

    536

    £10.23

    £84

  • 7

    Liverpool

    900

    £8.58

    £110

  • 8

    Birmingham

    1779

    £9.48

    £99

  • 9

    Bristol

    1453

    £6.00

    £128

  • 10

    Glasgow

    730

    £5.82

    £115

Parking Paydays | Compare the Market

TOP 10 AREAS OF LONDON

Parking Paydays | Compare the Market

With much of the demand in London, where traffic is so dense a congestion charge is imposed, people who have a spare parking space may be in for a bigger payday than those elsewhere in the country.

Although the average price of a space per month is £315 ,some areas provide more opportunity than others. Locations in West London such as South Kensington and Earls Court are the most expensive, costing over £300 a month. – however renting out one of these spaces could see you earn over £4,000 a year.

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Best Places to Earn Money - London

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  • Rank
    Area
    Average Daily Cost
    Average Monthly Cost
    Approx. Yearly Earnings
  • 1

    South Kensington

    £31

    £362

    £4,345

  • 2

    Kensington

    £26

    £315

    £3,780

  • 3

    Earls Court

    £21

    £272

    £3,262

  • 4

    Victoria

    £26

    £262

    £3,144

  • 5

    Swiss Cottage

    £16

    £244

    £2,930

  • 6

    Westminster

    £24

    £230

    £2,760

  • 7

    Islington

    £18

    £227

    £2,724

  • 8

    Camden

    £17

    £225

    £2,700

  • 9

    Hampstead

    £15

    £211

    £2,526

  • 10

    Hammersmith

    £13

    £202

    £2,424

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