How to Earn Extra Income from Your Wembley Home

In a cost of living crisis, it’s not a bad idea to think of ways to make (or save) extra cash.

How to Earn Extra Income from Your Wembley Home
Some people take on part-time jobs or start up a side hustle, others might start selling unwanted items from around the home. But here’s another idea, what about using your property to increase your income?
 
Homeowners around the country are forking out for higher-than-ever monthly mortgage payments and eye-watering energy bills, so maybe it’s time to make your bricks and mortar work for you.
 
While an obvious way to make money from your home is to take in a lodger, many of us don’t fancy living with strangers.
 
In this quick read, we look at other ways you could earn cash from your crib.
 
Note: If you’re renting a property, please check with your landlord before embarking on any cash-making ideas as you may be in breach of your tenancy agreement.
 
1)    Rent out your driveway
If you live near a train/tube station, a city or town centre or anywhere it’s expensive to park, you could earn money from your driveway, garage or parking space. There are plenty of apps and websites to advertise your space on, like Just Park or Your Parking Space. People can pay for monthly parking spaces, short-term parking or EV charging (if that’s what you offer) and payment is taken through the app.
 
2)    Make your home a movie star
Fancy seeing your faux fireplace or bathroom sink on the big screen? Whether you live in a fancy house, a city centre apartment or a quirky cottage, your home could earn you a tidy sum by renting it out to TV or film crews. It could also be rented out for photo shoots. Google ‘location agency’ to see if your home could work as a film set.
 
3)    Offer storage space
If you’ve got an unused garage or spare room, you could be filling it up with other people’s stuff for cash. Websites such as Storemates or Stashbee connect people needing storage with empty rooms/garages all over the country. They offer insurance cover and other support services for a small percentage of your earnings.
 
4)   Turn your spare room into an office for rent
While many people enjoy the WFH pandemic trend, for some, it’s just not possible. So, if you’re willing to host office workers or freelancers in your home, you could bump up your income by a couple of hundred pounds extra per month. Check out Share My Office or Officeriders to see if your space is suitable.
 
If you decide to make some extra cash through your property, always check with your mortgage lender and insurance provider to ensure you’re not in breach of any contractual agreements you have with them. 
 
Would you consider renting out part of your home for extra cash? We at Grey&Co would love to know, comment below.
 
 
 

Get in touch with us

First Name*
Last Name*
Your Email Address*
Mobile Phone*
Are you looking to*
Please enter message here*
Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)*

Register for Property Alerts

Ever missed out on the perfect property just because you heard about it too late, or the Estate Agent never told you about it as it was slightly outside of your criteria? Never miss out again by using our “Heads Up Property Alerts”.

Latest Properties

Spacious 2 Bedroom Flat with Off Street Parking in Wembley - Perfect for Families or Investors

Guide Price

£380,000

2 Beds1 Bath1 Reception
Scarle Road, Wembley, Greater London, HA0 4SR

Off street parking - highly sort after this close to Ealing Road

Electrics checked in 2021 - valid until 2026

Good condition throughout - full refurb in 2016

2 bedroom apartment boasting a private roof terrace with stunning panoramic views on Popes

Guide Price

£590,000

2 Beds2 Baths1 Reception
Abelard Place Popes Lane South Ealing London W5 4BZ

Striking and Contemporary 2 Bedroom Apartment on Popes Lane in South Ealing

Built in 2015 in a striking small luxury mixed development of 3 houses and 2 apartments

Private roof terrace with motorised roof access providing 360 degree views of West London

A superb rental investment or a fantastic first time buyers option. This property can be both!

Guide Price

£350,000

3 Beds1 Bath1 Reception
Poplar Grove Wembley Middlesex HA9 9DB

Top Floor Flat

3 Double Bedrooms

Spacious Reception Room

Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

Meet All The Team

How to Find the Top Letting Yields in Wembley

Letting yields are the lifeblood of successful property investing. Here we’ll look at why it’s so important to understand yields.

Should You Move or Improve? Which Option Offers the Best Value in Wembley?

With rising labour and materials costs, is it now more cost-effective to move rather than renovate?

Latest News on the Renters’ Rights Bill

The Renters’ Rights Bill has just passed its latest stage in the House of Commons. Here, we’ll look at what happened and at what it could mean for landlords, tenants and anyone considering selling their rental property investments.