How much can you earn?
Earnings depend almost entirely on location. A driveway in central London can earn £200–£400/month. In a busy city centre, university town, or near a stadium, train station, or airport, £100–£200/month is realistic. In suburban or rural areas without nearby attractions, £30–£80/month is more typical.
The key question is: what are people nearby searching for parking for? If there's a hospital, stadium, train station, airport, or town centre within walking distance of your property, you have a genuinely valuable asset sitting unused.
Do you pay tax on parking income?
Yes, rental income from your parking space is taxable. However, the £1,000 property allowance means if you earn under £1,000 per year from renting out land or property (including parking), you don't need to declare it. Above that, you declare it on a Self Assessment tax return. See our full UK tax guide for details.
Tips to maximise your earnings
List on both JustPark and YourParkingSpace to maximise visibility. Take good photos and write an accurate description including exact dimensions, access instructions, and any restrictions. Check what nearby car parks charge and price slightly below them.
Consider offering monthly contracts to commuters, a regular committed booking at a small discount beats sporadic daily bookings for reliability of income. Monthly renters also tend to be more respectful of the space.