How to get £300 in spare cash every month by doing NOTHING but you’ll need to live in one of four key spots 

WITH household budgets stretched tighter than ever, many people are looking for ways to boost their earnings.

However, an expert has pointed out one surprisingly simple opportunity might be sitting right outside their front door – and isn’t a time-consuming side hustle.

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You can earn money renting out your driveway as a side hustle[/caption]

The solution involves something most people take for granted – their driveway. 

According to car industry expert Kazimieras Urbonas, from Ovoko, an online marketplaces for used car parts, homeowners across the UK are missing out on a straightforward way to generate passive income.

The secret lies in renting out your driveway space to drivers who need somewhere to park. 

Using dedicated platforms like JustPark or YourParkingSpace, homeowners can list their driveways and earn money from people looking for convenient, affordable parking spots.

The earning potential varies significantly based on location and demand. 

Homeowners in prime spots near major transport links can earn £150-300 monthly, while those in quieter suburban areas might see £50-100 per month.

Kazimieras shared: “It’s incredibly straightforward.

“You simply create a listing with photos of your driveway, set your hourly or daily rates, and wait for bookings to roll in. 

“The platforms handle all the payments and insurance, so there’s very little work involved once you’re set up.

“It’s safe to say most people aren’t aware their empty driveway could be earning them money while they’re at work or even while they sleep.

“It’s one of those opportunities that’s been hiding in plain sight.”

The process works by connecting drivers who need parking with homeowners who have unused space. 

Whether someone needs a spot for a few hours while they catch a train, or a tourist wants somewhere safe to leave their car for several days, your driveway could be the perfect solution.

LUCRATIVE LOCATIONS

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People can rake in up to £300 a month renting their drive[/caption]

While any homeowner with a driveway can potentially earn money, certain locations are particularly lucrative.

Properties near transport hubs tend to see the highest demand and can command premium rates.

Kazimieras added: “Homes within walking distance of train stations are absolute goldmines.

“Commuters are happy to pay £5-15 per day for convenient parking, especially when station car parks charge much more or are constantly full.”

Other profitable locations include near hospitals, as staff, patients and visitors often struggle to find parking and will pay for guaranteed spaces.

Other people who are close to airports could also be in the money, as travellers seek secure, affordable alternatives to expensive airport parking

If you are located near a stadium or event venues, this could be tempting for match days or concerts.

Meanwhile, office workers and shoppers love all-day parking options near city centres.

EXTRA BENEFITS

Beyond the obvious financial advantage, renting out driveway space offers several practical benefits that homeowners may not initially consider.

Kazimieras shared: “Your driveway stays active and occupied, which can actually improve security.

“An empty driveway can signal to potential burglars that nobody’s home, but regular activity makes properties less attractive targets.”

The arrangement also helps reduce local parking pressures. 

Instead of drivers circling neighbourhoods looking for spaces or parking inconsiderately on residential streets, they have a designated spot that doesn’t inconvenience anyone.

For environmentally conscious homeowners, the practice supports more efficient use of existing infrastructure rather than building new car parks, which aligns with sustainable urban planning principles.

The flexibility is another major advantage. 

Homeowners maintain complete control over when their space is available, allowing them to block out times when they need their driveway for their own vehicles or activities.

Kazimieras concluded: “In my work, I’ve observed how parking scarcity has become one of the biggest pain points for drivers nationwide.

“What’s particularly interesting is how this challenge has created a genuine opportunity for homeowners. 

“Cities like London, Manchester, and Birmingham can experience parking occupancy rates of up to 99 per cent during peak hours, yet thousands of private driveways sit empty during these exact same periods.

“I expect this market to continue growing significantly over the next few years, particularly as local councils implement more parking restrictions and charge higher rates for street parking.

“Homeowners who get involved now are positioning themselves to benefit from this long-term trend.”