London households could earn £23 million next year by renting out spare rooms for the 2012 Olympic Games

[richard]

London households could earn £23 million next year by renting out their spare rooms for the 2012 Olympic Games.

There are 23,000 homeowners in the capital who have at least two bedrooms they don't use, according to a survey from Big Yellow Self Storage.

The company, which calculated its figures from Government data, suggested that one of these rooms could be rented for a £1,000 a week.

Half of more than 2,000 property owners interviewed only use their spare room for storage.

More than a third said they used it as a bedroom just once every three months.

TV property show presenter Michael Holmes said: 'For those who don't feel comfortable sharing their home with a lodger on an ongoing basis, short lets for special events can prove highly lucrative.'

Mr Holmes advised those interested in renting out a room that they should inform their mortgage lender and insurance company and make sure safety regulations are met, as well as using a tenancy agreement.

Anthony Chenery, from Big Yellow Self Storage, said: 'We have definitely seen a significant rise in enquiries for short lets of smaller self storage rooms for next June, particularly in the stores closest to the key Olympics sites and with good transport links to London's top attractions.'


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