With the cost of living crisis affecting many households across the UK, many of us are looking for ways to scrape together some extra cash. One way to do this is to sell things that we no longer use. It’s an obvious trick, but experts have now figured out how much money we could earn by giving up unused items.
According to student beans , 51% of respondents have sold something online, with most using eBay to auction their goods. He found the top 10 items for sale using eBay’s best-selling items list. From this list, he found the average selling price per item, which when added together means Londoners could be sitting on thousands of pounds worth of unused items.
The average Brit could earn £2,250. With the cost of household bills rising, it might make sense to sell anything you no longer use. Moreover, you can also free up additional storage space.
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1. Bikes – £380
Selling a bike can be a great way to earn some extra cash. Since the end of confinement, the demand for bicycles has continued. The term “bikes for sale” still receives over 18,000 searches per month. If you have one lying around in your garage or in a cupboard that you have no use for, you could make an average of £380 selling it.
2. TVs – £225
Another quick way to get big bucks is to sell an old TV. If you’ve recently upgraded your TV, a used TV can sell for hundreds of dollars, depending on make, model, and condition.
3. Home Furniture – £211
Not everyone will have excess furniture lying around, but if you’ve recently renovated and you have an old coffee table taking up space, it could sell for upwards of two hundred pounds. Used furniture is hugely popular, with the upcycling trend continuing to get 2,400 searches per month. Best of all, selling furniture can make a lot of money if you know what you’re doing.
4. Consoles –£103-166
Many of us love games and so it’s likely that many Londoners have an old Xbox or PlayStation gathering dust in a cupboard. Old PlayStations could set you back an average of £166, while a used Xbox will set you back around £103. Again, this depends on the make, model, and condition of the console. You could make a lot more if it’s in good condition and you’re looking for an easy way to earn some extra cash.
5. Old Cell Phones –£84
There are 6,600 searches per month for mobile phones and demand has increased by 22%. People are always on the lookout for mobiles, so there are plenty of opportunities to make money from an old phone. You guessed it, it depends on the make, model and condition of the phone, but sellers can get an average of £84 per device. However, a used iPhone 13 pro max can sell for a staggering £1,349.
Do you remember the LEGO sets you treasured as a kid? Turns out building blocks are still all the rage and could be worth a decent amount. Sets, figures and spares cost around £29 per listing on eBay.
7. Clothing –£13.50 per item
Many of us will be guilty of stuffing old clothes in the back of the wardrobe, not so much as staring at them all year round. Having a clearance is a great selling opportunity. By selling certain clothes, you can save space and earn money. Depending on the item and brand, some coins could earn you a small fortune. On average, each coin will fetch £13.50 but this varies.
8. Video games –£12.73 per game
All avid gamers are likely to have old video games lying around. Depending on the game and the console it’s played on, Londoners could earn up to £12 per item.
9. Jewelry –£8 per piece
If you have an old jewelry box gathering dust, you could earn a few extra pennies. Instead of leaving jewelry unworn, why not make almost ten per piece. Pandora items might even set you back £27 per charm on average.
10. DVD-£3.33 per DVD
Finally, DVDs may not be the go-to way to watch a movie anymore since Netflix and Disney+ hit the streaming scene, but there are still people who exclusively watch movies this way. If you have any lying around the house, they could easily rack up a quick buck when sold for just over £3 per DVD.
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I’m Beth, a reporter for MyLondon, covering everything from TV and crime to human interest stories, with a particular focus on health causes. I was nominated for an NCTJ Award for Excellence in the Data category.
Three stories I’ve worked on in the last month that I’m proud of are:
‘I just want to scream’: ‘Healthy’ woman, 28, can’t even get out of bed after being stricken with paralysis, seizures and memory loss
38-year-old woman is fighting for her life and that of her baby after pregnancy ‘side effect’ turns out to be cervical cancer
“I was in so much pain that I slept standing up on a chair, but was told I had to wait eight months for surgery”
I am currently based near Hampstead but will write about any area from the best place in the world. It’s been a dream of mine since I was little to live in London and I’m so grateful to be able to call this bustling, vibrant city my home.
You have a story? You can email me at [email protected] or DM me on Twitter @bethgulliver1.