Ilford ranked one of the cheapest places for residents to park in London
- Credit: Archant
Redbridge is one of the cheapest boroughs to get a resident's parking permit in London, according to new research.
Costing an average of just £20 per year for a parking permit, Redbridge residents save £1,400 each year compared to the most expensive borough.
The new research from Comparethemarket found drivers living in the City of London pay the most, spending £1,420 on average every year, followed by Camden, where permits cost £258.
The only borough with cheaper parking than Redbridge is Hillingdon, which gives residents free parking for their first vehicle.
Resident drivers in neighbouring Havering pay on average £35 per year and £53 in Barking and Dagenham.
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Nationwide, Manchester is the most expensive place for a parking permit, where it costs £538 on average per year.
This beats London, which ranked sixth in the research, at £120.
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Three cities in the UK offer free residential parking for residents – Leeds, Liverpool and Nottingham.