RENTING out a driveway in Barnet could raise up to £1,140 per year, according to a new league table released today.

The borough has leap four places in a recent league table to 24 of the 32 London boroughs for the amount of income letting a drive to commuters can generate , from £720 in s008, according to Yourparkingspace.com.

The websirte helps people looking for cheaper parking close to stations and transport hubs find empty drive space to rent.

The City of Westminster comes top with £3,632 as the average income, whilst a drive in Enfield is worth roughly £20 more than one in Barnet.

Incomes from driveays are expected to rise still further, with many councils, including Barnet, hiking up parking charges in ca parks and on the street.

Founder Charles Cridland said: “As the credit crunch has bitten commuters are desperate to cut parking costs by renting driveways, and home owners are very keen to make money by renting their drive out.

“We’ve seen significant shifts over the couple of years as the extra supply of drives has dropped the price in 8 boroughs, while demand has forced price increases in 24, and one has stayed the same.”