This London borough charges residents £1k+ annually for parking permits

by London-TV in Business
If you don’t have the luxury of a private drive in London you’ll be all too familiar with the extra expense of a parking permit. The annual charge from the council can be eye watering, but which boroughs have it worse or better?
Research by comparethemarket.com analysed data from all the London boroughs to discover which pay the most – and least – for annual parking permits.

The average cost of a parking permit in London boroughs

Rank

Borough

Average cost for a parking permit

1

City of London

£1,420

2

Camden

£258

3

Lambeth

£185.36

4

Wandsworth

£161

5

Lewisham

£160

6

Islington

£159

7

Enfield

£144

8

Haringey

£141

9

Bexley

£138

10

Croydon

£128

  • The City of London is leaps and bounds above other London boroughs charging on average a whopping £1,420 for residents to park – a £1,162 difference to Camden.

  • Camden ranks as the second most expensive borough on average as residents pay £258 per year to park their cars.

  • Lambeth residents pay on average £72.64 less than those in Camden for annual parking permits.

The most expensive permits in London

Rank

Permit

Amount

1

City of London (Barbican Estate)

£1,420

2

Islington (Petrol M)

£490

3

Camden (Tariff 4)

£475

4

Islington (Petrol L)

£381.20

5

Enfield (3,000cc)

£330

  • The most expensive permit in London is in the City of London where parking in the Barbican Estate will set residents back by £1,420 per year.

  • Islington has the next most expensive permit as its ‘M’ category permit for vehicles with emissions of over 256g/km is £490 per year – £331 more than the average price of the borough.