Park Let launches parking space price-guide tool

An online parking space price-guide tool has been launched 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 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.

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.”