Latest news with #YourParkingSpace
Daily Mirror
9 hours ago
- Automotive
- Daily Mirror
New law change for everyone who parks on a driveway - with added income boost
The new rules are designed to make life easier for electric vehicle (EV) owners, and convince more to switch to electric. It could also allow households to make some extra money Motorists who use driveways have been hit with a significant legal shake-up. In an effort to make the switch to electric more appealing, new regulations mean that homeowners can now install electric vehicle (EV) charge points without the hassle of planning permission, in a bid to boost EV ownership. This legislative change is poised to simplify the process for driveway owners keen on fitting their own charge point, eliminating a major hurdle in joining the electric revolution. The timing is critical as it preludes the impending 2030 ban on sales of new petrol and diesel cars and comes amidst efforts to sway the public about going electric. Car pundits suggest this could be a crafty way for shrewd householders to earn a bit of extra income by leasing out their EV chargers. Andy Syrett, UK managing director at YourParkingSpace, praised the announcement: "This is welcome news." He elaborated on the benefits, saying, "By cutting planning red tape, the Government has made it even easier for people to install EV charge points at home and rent them out when not in use", reports Birmingham Live. Moreover, according to data from YourParkingSpace, households with a charge point are evidently making more money, with listings featuring an EV charger raking in 13% more income compared to those without, perhaps providing a tempting prospect for many homeowners. Andy remarked: "When you consider that many of our driveway listings in hotspot areas – such as near football stadiums, music venues, train stations, and airports – typically earn around £1,000 a year, that extra 13% can quickly cover the cost of installing a charge point." He added optimistically about uptake due to simplified procedures: "With installation now simpler and planning rules relaxed, we expect more homeowners to take advantage of this easy way to boost their income." Meanwhile, motorists could be slapped with a £100 fine and face "legal troubles" if they neglect simple driveway rules. Drivers who don't maintain their driveways risk damaging their vehicles and encountering further problems "down the line". Vehicle owners are being warned to address oil and fluid stains that can accumulate when a car is parked in one spot for extended periods. Neglecting such maintenance could result in spills, which insurers might attribute to negligence, potentially leading to rejected claims, experts caution. Insurers may also consider it a misrepresentation, impacting your insurance coverage. Graham Conway, managing director of Select Car Leasing, said: "People often forget about driveway maintenance when looking after their car, but it's usually the first place where small issues start to appear."
Auto Express
13-05-2025
- Automotive
- Auto Express
Earn £££s from your car parking space in these highest-earning postcodes
Residents living near to London's iconic Wembley stadium are coining it in, according to new data released by driveway-sharing platform Your Parking Space, which reveals the HA9 postcode is the highest-earner in the country when it comes to driveway rentals. According to the firm's data, homeowners in the postcode collectively racked up the best part of half a million pounds - £484,257 - in 2024, simply by renting out their driveways and car parking spaces to drivers visiting the stadium for football games and concerts. Football, along with airports, is a big driver for rentals outside London too, as drivers look to make savings on the high charges typically associated with 'official airport parking' when taking holidays abroad. Advertisement - Article continues below Luton Airport is the second highest earner in the Your Parking Space list, with residents of the LU2 postcode netting £157,785 in unearned income last year. The L5 postcode for Anfield, home to Liverpool FC bagged residents a tasty £147,773, while residents of CM22 and RH6 - the postcodes for Stansted Airport and Gatwick Airport - saw their bank balances boosted by £131,461 and £123,545 respectively. Andy Syrett, managing director of the parking platform, is keen to point out the opportunities for more drivers and homeowners to hook up and save money on traditional parking fees. 'London's size and traffic levels naturally create high demand for driveway parking, but what's also clear is the opportunity for homeowners living near big stadiums and airports,' he says. 'Whether it's fans heading to a match or travellers flying abroad, people want convenient and affordable parking - and homeowners are capitalising on that demand.' The parking platform claims to be the UK's largest and fastest-growing parking service provider, with 700,000 parking spaces and six million drivers already registered. It's not just individuals getting in on the act either, because Tesco, Premier Inns and Morrisons also list parking spaces on the firm's app. Come and join our WhatsApp channel for the latest car news and reviews...
