For many Brits, commuting is a part of everyday life, with trains being one of the most popular modes of transport for those travelling to work in some of the UK’s biggest cities, with 1.7 billion Brits travelling by rail each year.
Traveling by train every day is also the most expensive modes of transport, due to costly monthly tickets and the additional charge of parking near the train station. In some locations parking charges can cost over £100 each week.. So, how can train commuters save on parking costs?
AppJobs have revealed how much it costs to park in a public car park versus a private driveway across 17 UK cities, analysing spaces within a fifteen-minute walk to the city’s biggest train station.
Cardiff comes out as the sixth most expensive city in the UK to park your car in a public car park. Each day, Cardiff commuters will be paying on average a whopping £18.70, charging more than the likes of Birmingham at £16.80 per day and Glasgow with a charge of £17.20.
For the cities commuters, parking in a public car park could cost them nearly £100 a week, and just under £400 per month, which is a shocking statistic when commuters are also facing rising costs in train fares.
So how much could commuters save by parking on a private driveway??
The average cost to park on a private driveway in the Welsh capital is just £6.70 for one day between the hours of 8:30am and 6pm. This isalmost a third of the cost to leave your car in a public car park for the same time. Each week a commuter could pay just over £35 to leave their car. Could you be saving a fortune by parking your car in a different place each day?
When it comes to hiring out a driveway, charges vary across the UK with Cardiff sitting relatively in the middle of the results. Edinburgh is by far the most expensive with an average charge of £16 to park on a private driveway, followed by London at £12.50. At the other end of the leaderboard is Plymouth, where private driveway charges are under £5 (£4,80)
Cardiff residents can earn from renting their driveway
According to research conducted by BPA, motorists in big cities spend four days a year looking for a parking space. With limited spaces and the cost of parking so high, it comes as no surprise that people are looking at alternative ways to make their commute smoother. Around 3.5 million people across the UK are renting out their parking spaces, netting driveway landlords an annual total of £3.8bn.
With such high charges in Cardiff to park in a public car park, renting out a driveway is a great opportunity residents can jump on, not only earning some extra money for themselves but also reducing the inconvenience it is for commuters and the need to build more car parks in the city. By renting out their drivewaysr, Cardiff residents could earn a staggering £1,749 each year.
The cost of living is known for being far higher in major cities, meaning that renting out your driveway is a way to help people pay their rent each month, their weekly food shop for the year or even allow them to book a holiday.
AppJobs research reveals that renting out your parking space is a lucrative way to earn more money. Which is beneficial to both commuters and homeowners, providing more parking spaces at cheaper rates.
How much money could you be saving or earning in Cardiff?
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