Make and Save Money Through Parking. A Look at ParkatmyHouse

Feb 27, 2013   //   by Keith McDonald   //   Money Saving Tips, Technology  //  1 Comment

We’re always looking for practical ways of making and saving money. It’s surprising how many we simply overlook. Not long ago, I was living just two miles away from Heathrow Airport, where only one of our two assigned parking spaces was ever used. It was an opportunity lost.

ParkatmyHouse is a fine example of an online parking marketplace that connects drivers with parking spaces to rent, helping motorists to save hundreds on extortionate parking fees and allowing homeowners to make extra cash by sharing their driveways.

In the last six months, the site has facilitated parking arrangements worth almost one million pounds for its users. This, it estimates, is a saving of roughly 75% on standard council, private, and venue car-parking costs.

It’s not the only site offering this solution, but the free-to-join community has been active for seven years, and the service clearly benefits from the strong availability that has been procured over that time. Indeed, ParkatmyHouse describes itself as the world’s largest online parking community, with over a quarter of a million members worldwide.

“Since 2011 we have seen our online community grow by 66%,” says Anthony Eskinazi, the company’s founder. “With investment from BMW and our expansion into the US last year, we are expecting to grow massively in 2013.”

Parking is one of the biggest pain points in cities and we hope that soon everyone will use ParkatmyHouse to take the hassle out of parking.

Spaces in the city centre, by airports, or by large venues, could be a real earner. For a week’s parking at Heathrow in March, a current special offer at the NCP quotes £47, while a similar offer at the official Terminal Park quotes £32. But miss this opportunity, and it could cost up to £140.

Fortunate, then, that community users from nearly Bedfont and Hatton are listing week-long secure spaces from as little as £25 with free drop-offs and collections from the airport. User reviews cast the proprietors as friendly, accommodating, and reliable people.

Further digging found parking available at just £2.50 per hour within 10 minutes of Twickenham Stadium for the Six Nations game between England and Italy on March 10th.

And for long-suffering Arsenal fans, whose season tickets to the Emirates Stadium are by far the most expensive in the UK (a minimum of £985 for 2012/13), the £10.50 Islington Borough daily permit charge for parking within proximity of the stadium adds a further £200 blow to the wallet – and that’s just for league games. A mercy, then, that ParkatmyHouse users in nearby Upper Holloway are offering space from as little as 80p per hour.

Where availability is tight and prices are high, this is an outstanding opportunity for motorists to save time and money and to find peace of mind.

LocationNCP / Private OperatorSample ParkatmyHouse*Potential Saving
Heathrow Airport
£31.92 – £139£25£7 – £114
Twickenham Stadium
£35£7.50 – £10.00£27.50
Arsenal Emirates
Newcastle Central Station
Birmingham New Street

* Available within one mile of destination.

What to Note

  • ParkatmyHouse provides a rental agreement, which stipulates driver and owner responsibilities. The site handles payments through PayPal and keeps a record of transactions.
  • If you are renting your accommodation and wish to sublet parking spaces, you must ensure that is not expressly forbidden in the rental agreement. It would also be prudent to ask permission directly. Landlords may be open to splitting any proceeds favourably with you provided there is no obvious risk to the property or inconvenience for neighbours.
  • If the council receives complaints about the commercial use of your parking facilities, it could demand that you apply for planning permission. It’s unlikely, but possible.
  • Income acquired through renting out parking spaces must be declared to tax authorities. Users who do not fill in a tax return should contact HMRC to arrange this or to make alternative arrangements through an employer.
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  • Chauffeur car hire london

    Thanks Keith very informative. and lots of things you had considered. Because most of people are faced with this situation.