• Free to use
• Enables motorists to reduce the cost of their monthly or annual car parking ticket
• Enables landlords to obtain an estimate of the value of their parking spaces
23 February 2009: An online
parking space price-guide tool has been launched today by
Park Let, the UK’s largest parking space letting agent. It is the first real-time, location-specific tool available in the UK. It is based on both current contracts and advertised spaces allowing both prospective landlords and tenants to calculate the true market value of how much parking spaces and garages are renting for today in their area. The tool is completely free to use and no site registration is required.
To use the pricing tool, visit the Park Let website at
www.parklet.co.uk/parking-rental-price-guide.aspx and enter a location (postcode or city) or use the interactive map to select an area. The search radius can be set from a quarter of a mile up to five miles for a broader requirement. Results are shown as monthly amounts for all spaces as well as being split between parking spaces alone and garages. Low, medium and high pricing brackets give users further breakdown of contract values in the area dependent on factors such as security, proximity to facilities or congestion zones.
Example of search results
Search results for all parking spaces within a ½ mile radius of Victoria, London revealed that the rental price of spaces and garages ranged from £194.82 to £247.50.
(Correct as at 17.02.09.)
Description
Low Medium High
All £194.82 £216.47 £238.12
Parking Spaces £194.34 £215.94 £237.53
Garages £202.50 £225.00 £247.50
Luke Kelly, managing director, Park Let said: “In the current economy most people are either looking for ways to either reduce outgoings or make additional income and so this tool is aimed at both motorists and people or organisations with idle parking spaces. It’s bringing parking in line with the credit crunch!”
“As the number of motorists continues to rise, there is real money to be made from letting out parking spaces in busy locations. Private rental of parking spaces really is a win-win situation: landlords earn money from vacant spaces and the car owner saves money and has a guaranteed lot every day.”
Commenting on the expense of parking at railway stations and in city centres Kelly added: “Parking is an unavoidable cost for many motorists and commuters but I hope that our pricing tool will help people wake up to the fact that they can actually shop around to save themselves money on the cost of their monthly or annual parking ticket.”
Popular parking space searches in London
Location
Low Med High
Canary Wharf, E14 £133 pm £147 pm £162 pm
Liverpool St, EC1 £199 pm £221 pm £243 pm
Leicester Sq, WC2 £268 pm £298 pm £328 pm
St Pauls, EC1 £108 pm £120 pm £132 pm
Mayfair, W1K £313 pm £348 pm £383 pm
Whitechapel E1 £138 pm £153 pm £168 pm
Fulham, SW6 £174 pm £194 pm £213 pm
Pimlico, SW1V £182 pm £202 pm £222 pm
Kings Cross, N1 £147 pm £163 pm £180 pm
Old Street, EC1 £185 pm £205 pm £226 pm
Putney, SW15 £105 pm £117 pm £128 pm
Popular parking space searches in the UK
Location (centre of)
Low Med High
Birmingham £84 pm £94 pm £103 pm
Brighton £97 pm £108 pm £119 pm
Bristol £90 pm £100 pm £111 pm
Cambridge £64 pm £71 pm £78 pm
Chelmsford £51 pm £57 pm £62 pm
Edinburgh £83 pm £93 pm £102 pm
Leeds £88 pm £98 pm £108 pm
Liverpool £111 pm £123 pm £135 pm
Manchester £98 pm £109 pm £120 pm
Nottingham £104 pm £115 pm £127 pm
Oxford £88 pm £98 pm £108 pm
Reading £63 pm £69 pm £76 pm
Park Let has over 10,000 rental contracts in place and over 16,000 parking spaces available to rent immediately across the UK. The company provides a fully managed letting service including matchmaking the tenant and landlord, preparing contracts and monthly rental collection. Park Let’s rental prices are up to 20 per cent cheaper than other comparable season tickets and tenants can choose between a 5 and 7 day rental week.
For further information, visit
www.parklet.co.uk or call 0870 162 4977.
