Parking prices at Heathrow Airport have been on the rise lately, with a significant 11% increase in the past year. This has prompted many residents living near the airport to capitalise on the situation by renting out their driveways to travellers in need of parking space.
A recent study conducted by online used car retailer cinch has revealed that some residents near Heathrow Airport are charging as much as £522 per week for parking on their driveways. The most expensive option can be found on Malvern Road, Harlington, as listed on the JustPark website.
For those looking for a more budget-friendly parking alternative, Trevithick Close in Feltham offers parking for just £42 a week. However, it is important to note that this option is over two miles away from the airport.
Sam Sheehan, motoring editor at cinch, sees this trend as a lucrative opportunity for homeowners with spare driveway space near airports. He advises potential driveway hosts to research the existing parking prices in their area to ensure competitive pricing and attract more bookings.
In addition to offering a convenient parking solution for travellers, renting out driveways can also be a profitable side hustle for homeowners. With the demand for airport parking on the rise, those living near popular airports like Heathrow can take advantage of this opportunity to earn some extra cash.
Furthermore, renting out driveways can also help alleviate parking congestion around airports, providing a win-win situation for both homeowners and travellers. By utilising unused space for parking, residents near airports can contribute to a more efficient and convenient travel experience for those flying in and out of the country.
Overall, the trend of renting out driveways near airports like Heathrow showcases the innovative ways in which homeowners can capitalise on the growing demand for airport parking. Whether it’s to earn extra income or provide a valuable service to travellers, utilising unused driveway space for parking proves to be a smart and practical solution for all parties involved.
