Households could be generating an extra £3,000 a year through the sharing economy, according to parking marketplace, Your Parking Space.
A report by the company found that one in three adults are already using digital sharing economy platforms to make a bit of extra cash from unused assets like a spare room, second property and parking spaces.
Harrison Woods, managing director at Your Parking Space, said: "The introduction of digital apps has made it far easier for individuals to connect and share items that they don’t make full use of and we’ve seen a surge in the numbers of people using our service over the past couple of years."
The UK is ranked as the third largest sharing economy in the world, currently worth an estimated £500 million. And from April 2017, there will be great incentive to take part, with the government introducing tax breaks for those generating income through the sharing economy.
In his final Budget statement as Chancellor earlier this year, George Osborne said micro-entrepreneurs "who sell services online or rent out their homes through the internet" will be given two new tax-free allowances worth £1,000 each.
Mr Woods said: "It's great to see the UK government acknowledging the significance of the sharing economy. It's big business that will expand significantly over the coming years and support the UK economy, which is good news for everybody."