The cost of parking at Heathrow Airport has increased by 11% in the past year, prompting many residents living nearby to rent out their driveways to travellers.
According to a study by online used car retailer cinch, some residents near Heathrow are charging as much as £522 a week for parking on their driveways. The most expensive option is on Malvern Road, Harlington, while the cheapest option is in Trevithick Close, Feltham, at just £42 a week, albeit over two miles away.
Sam Sheehan, the motoring editor at cinch, highlighted that the rising airport parking costs provide an opportunity for residents with extra driveway space to earn some extra money. However, he advised potential driveway renters to research the existing parking prices in the area to ensure their rates are competitive and attract more bookings.
In addition to renting out driveways, some residents near Heathrow may also be exploring other alternative parking options to save on costs. With the convenience of online platforms such as JustPark, homeowners can easily list their available parking spaces for potential customers to book.
For travellers looking for affordable parking near Heathrow, exploring these alternative options could result in significant savings compared to traditional airport parking lots. However, it is essential to consider factors such as distance from the airport, security of the parking space, and any additional services offered before making a decision.
As the demand for parking near busy airports like Heathrow continues to rise, residents with available driveway space have a valuable opportunity to capitalise on this trend and earn extra income. By setting competitive prices, providing a secure parking environment, and offering convenient booking options, homeowners can attract more customers and maximise their earning potential.
In conclusion, the increasing costs of airport parking have created a lucrative market for residents living near Heathrow to rent out their driveways. With the right approach and consideration of various factors, both homeowners and travellers can benefit from these alternative parking options and make the most of their parking experience near the airport.
