Brits rake in up to £2,300 a year from driveway parking payments – and it’s not just London that’s a gold mine

BRITS have a gold mine outside their houses with latest figures revealing how much owners can net for renting their drive.

Figures released by YourParkingSpace.co.uk reveal driveways and empty parking spaces made a staggering £12million for their owners in 2017.

That's an average of £472 a year each with the most sought-after spots earning up to £2,300 in 2017.

More than 15,000 property owners topped £500 - and it wasn't just London were Brits cashed in.

Brighton, Leeds, Edinburgh and Manchester also proved to be hugely lucrative for the owners.

Harrison Woods, managing director at YourParkingSpace.co.uk, said: “For many people it’s almost as if their driveways are paved with gold.

“And it doesn’t matter where you live in the UK as there’s a real opportunity to earn a decent amount from a driveway or empty parking space, as many of our customers have been doing near train stations, transport hubs, shopping centres, music and sports venues.

“Even streets with residential parking restrictions offer property owners the chance to earn extra money.”

And even less obvious places away from the parking hotspots, such as Dudley, Wolverhampton, Luton and Stoke-on- Trent, still saw empty driveways make more than £1,000 a year on average for residents.

The bonus is that to register your space is totally free with app operators taking a slice of parking fees.

Fortunately, you don't need planning permission to rent your driveway out, either, although you will have to declare additional income to the taxman.

It's also worth talking to your mortgage provider as on some contracts you need permission from lenders first.