It’s likely to come as a surprise to many that there’s actually money to be made for renting out your drive way.

Latest YourParkingSpace.co.uk data has revealed that demand remains strong for parking on pre-booked renting driveways – and it could earn you more than £3,000 per year.

In even better news, London is towards the top end of the driveway money-making scale in the UK and here we can reveal which boroughs’ residents can be quids in.

If you live in Kensington and Chelsea, Westminster or Camden you’re at the top of the list.

Residents of these boroughs can earn £3,512, £3,180 and £2,912 respectively every year just for renting out their driveways.

Still in the double-thousands is Hammersmith and Fulham, Islington and Southwark.

Residents from these boroughs can earn anything from £2,086 to £2,912 every year for having a good, and parkable-on, driveway.

At the other end of the scale, the least-sought-after driveways in London appear to be in Bexley, Havering, Hillingdon and Harrow.

Residents of these boroughs can still earn big bucks for renting out their parking spaces – but they fall just short of the thousand pound mark.

Bexley residents could make a not-to-be-frowned-upon £842, Havering £882, Hilingdon £902 and Harrow £989.

In between the top and bottom end fall other south London boroughs – including Wandsworth at £1,553, Lambeth at £1,489, Greenwich at £1,160, Croydon at £1,113, Lewisham at £1,086 and Sutton at £1,041.

The full list is as follows:

  • Kensington and Chelsea - £3,512
  • Westminster - £3,180
  • Camden - £2,912
  • Hammersmith and Fulham - £2,912
  • Islington - £2,518
  • Southwark - £2,086
  • Richmond Upon Thames - £1,743
  • Ealing - £1,588
  • Wandsworth - £1,553
  • Haringey - £1,496
  • Lambeth - £1,489
  • Tower Hamlets - £1,482
  • Hackney - £1,459
  • Kingston Upon Thames - £1,416
  • Hounslow - £1,395
  • Waltham Forest - £1,325
  • Merton - £1,309
  • Newham - £1,305
  • Brent - £1,257
  • Greenwich - £1,160
  • Enfield - £1,139
  • Croydon - £1,113
  • Barnet - £1,092
  • Lewisham - £1,086
  • Redbridge - £1,075
  • Sutton - £1,041
  • Bromley - £1,037
  • Barking and Dagenham - £1,005
  • Harrow - £989
  • Hillingdon - £902
  • Havering - £882
  • Bexley - £842

The figures are based on average annual earnings with YourParkingSpace.co.uk.

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.”

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