More than half of adults resell their unwanted items – as a side hustle to earn more money

The average adult has an estimated £341 worth of unwanted items gathering dust around the home - that could be sold for profit.

The study of 2000 UK adults found 85 per cent sell some of their preloved goods, making an average of £126.24, at £20.17 per sale.

Clothes, phones and tablets or gaming gear are the most lucrative items to resell online.

And 53 per cent of those surveyed see this reselling side hustle as a way to supplement their primary income.

But while 19 per cent resell often, 36 per cent of those still considering it admitted they are unsure of how to go about it.

And 23 per cent have no idea that their unwanted possessions could earn them money, potentially missing out by not joining the emerging trend, according to PayPal’s Resale Renaissance Report.

Letting go of preloved items

Vincent Belloc, general manager, PayPal UK, said: "It's no surprise we’ve seen a boom in the second-hand economy with high inflation.

“You may have items that you could supplement your income by selling stored in your attic without realising.”

The research also found that as well as selling items, 25 per cent regularly purchase pre-owned goods - spending an average of £71 per year.

Pre-loved fashion (38 per cent), books (31 per cent) and furniture (13 per cent) topped their shopping lists.

Of those who do buy second-hand items, 67 per cent named saving money as a key reason.