This is how much you could earn from your driveway in Brighton and Hove

New research revealed that Brighton and Hove driveways are among the most valuable in the UK.
New research reveals Brighton and Hove is among the top spots for valuable drivewaysNew research reveals Brighton and Hove is among the top spots for valuable driveways
New research reveals Brighton and Hove is among the top spots for valuable driveways

Parking app JustPark said empty driveways in Brighton and Hove can make homeowners up to £4,190 per year, with the first £1,000 tax-free.

It's second only to London, which can attract £5,860 a year from driveway rentals.

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Other high earning spots include Oxford (£3,300), Edinburgh (£3,020) and Manchester (£2,030).

JustPark said proximity to railway stations, local amenities, music venues or sports stadiums all increase the value of a property’s driveway.

A recent study by Direct Line Car insurance highlighted that driveways across the UK are collectively earning over £3.8billion annually and 3.5 million Brits are renting out their parking space.

Anthony Eskinazi, JustPark CEO, said: ‘Driveways are under-utilised resource for homeowners and our new data from the top space owners in Brighton and Hove, reinforces our core proposition – that renting out driveways and parking spaces, can be very lucrative.

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"We have witnessed the peer-to-peer parking market grow 50 times over in the last 5 years. The numbers speak for themselves – we now have over 2.4 million registered drivers across the country and are acquiring 150,000 new users per month, which is a testament to the demand.

"Driveway rental also provides a boost for the local area and economy. Utilising these empty spaces provides much-needed spots for visiting drivers to park in, while also putting money back into the pockets of local people. It's a win-win arrangement."