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With the 2018 Premier League football underway and Premier League rugby set to kick-off, a specialist parking website is encouraging homeowners to make a little extra cash by renting out their driveways for matchday parking.
Many local businesses close to Premier League football and rugby grounds already coin it in by putting their empty parking spaces at the disposal of matchday fans.
Premier League parking could bring big profits
Being near a major sporting venue like Manchester United’s Old Trafford or the Saracens Allianz Park can also mean a steady stream of additional income which can be generated by a private empty driveway.
There are international fixtures such as the Three Lions football at Wembley Stadium and England Rugby at Twickenham stadium to consider too.
And many of the larger stadia are also used for major music events in the evenings and at weekends which can also be an earner.
The sums being charged can quickly mount up for homeowners. A driveway available near the Bristol Premier League Rugby stadium will cost £7.50 for four hours, a space for the Gloucester costs £6.50 and a space close to Northampton Saints costs around £5.50.
Because the crowds are generally bigger, profits to be had at Premier League football matches are even higher.
Harrison Woods, managing director at YourParkingSpace.co.uk, said sports events attract big crowds and high demand for parking, meaning that nearby homeowners and businesses can make additional income by renting out their driveways and empty spaces.
He added: “Those pre-booking their parking space with YourParkingSpace.co.uk could also save money when attending matches.”
Don’t score an own goal with your matchday parking
However, household development expert for Adrian Flux advises caution when renting out your private driveway.
She said: “The best advice is for a customer is to check with their broker or insurer if they are thinking of hiring out their private driveway for matchday parking during the Premier League season or for other concerts and big sporting events.
“Most household policies include Property Owners Liability cover which applies to accidents happening in and around the property, but there may be exclusions such as ‘accidents arising from any profession, trade or business’ or ‘from any agreement or contract …’
“Household policies also cover impact by vehicles, but the household insurer would look to recover any claim settlement from the car insurer. Alternatively, the homeowner could claim directly from the car insurer.
“Either way, it’s better to be safe than sorry so check the terms of your policy with your broker.”
To list a driveway or empty space, or to pre-book a parking space for a Premier League match or concert, visit www.yourparkingspace.co.uk.