Earn extra Income from your Central London Flat with Parking

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Parking in Central London (particularly (Pimlico and Westminster) is much in demand and agent Park Let has 10,000 recession-savvy landlords on its books who earn an average monthly rental income of £120 from their unused parking spaces. A  homeowner in Pimlico nets £597 per month for their space, after paying park Let’s commission.

Park Let started renting parking spaces in 2004 and has a waiting list of over 7,000 people looking for parking spaces to rent, and just like a flat letting agent it’s free to advertise your space, and they charge 15% commission of the monthly rental fee. They handle all enquires from prospective tenants, arrange viewings and negotiate terms, produce a professionally drafted contract (the most popular version being on a rolling monthly basis where you can choose to let your space 24 hrs a day, either 5 days (Monday to Friday) or 7 days a week). The tenant is issued with a unique, clearly visible parking permit, for recognition and control.

Pimlico Flats only have on street parking, but if you have a parking space it looks as if you can rent it out for more than we rent some of our flats!