uk holiday lets ,where to buy
Discussion
HI, thanks for an interesting post the Cotswolds sounds like an option worth investigating although as an Oxfordshire resident your money doesn't stretch very far 1 million buys 2 cottages where I live in south oxon.
80% though is a high rate of occupancy and investigation into area and types of property is a task worth undertaking .
do you have 1st hand experience of this market ?
cheers
D
80% though is a high rate of occupancy and investigation into area and types of property is a task worth undertaking .
do you have 1st hand experience of this market ?
cheers
D
DonkeyApple said:
the key is to work out who you want to be renting to as it leads to different occupancy rates. You have two core groups the family market and the pensioner market.
With the family market your occupancy rates are skewed very heavily around school holidays which works well if you want to use the property during term time.
With the pensioner market the occupancy is spread pretty evenly throughout the year.
The wealthiest pensioners are in the South East and there are far more pensioners than young families in the UK with disposable income but they aren't on the whole going to travel long distances.
The Cotswolds is extremely popular as it is less than 2 hours from the two largest and wealthiest cities in the UK and also easy reach from many wealthy towns. The right sort of property is getting 80+ occupancy rates at present due to the spending power and mobility of the massive group of over 55s not just here but from Europe also. Easy access from motorways and A roads etc.
Once you head more remote or coastal you tend to be more seasonal and your target customer group becomes smaller.
Choosing a popular holiday rental area is important as people like to return to the same area and also here will be plenty of local agents not just to handle renting but to do maintenance and cleaning etc.
You also need to consider whether you also intend to use the property as this impacts yield very heavily and quite a few agents don't like it.
With the family market your occupancy rates are skewed very heavily around school holidays which works well if you want to use the property during term time.
With the pensioner market the occupancy is spread pretty evenly throughout the year.
The wealthiest pensioners are in the South East and there are far more pensioners than young families in the UK with disposable income but they aren't on the whole going to travel long distances.
The Cotswolds is extremely popular as it is less than 2 hours from the two largest and wealthiest cities in the UK and also easy reach from many wealthy towns. The right sort of property is getting 80+ occupancy rates at present due to the spending power and mobility of the massive group of over 55s not just here but from Europe also. Easy access from motorways and A roads etc.
Once you head more remote or coastal you tend to be more seasonal and your target customer group becomes smaller.
Choosing a popular holiday rental area is important as people like to return to the same area and also here will be plenty of local agents not just to handle renting but to do maintenance and cleaning etc.
You also need to consider whether you also intend to use the property as this impacts yield very heavily and quite a few agents don't like it.
THANKS FOR THE HEADS UP.
feet on the ground is always the best knowledge.
I agree about parking and the pub
I live in chalgrove ox44 so Woodstock is the other side of town for us I don't know if rental agents would find this area of interest as oxford is 8 miles Henley 9 miles,thame 8 miles . too far from the Cotswolds however a friend has a 4 bed house for sale with annexe on the market to sell approx. £550k I wonder if he could rent out to agents.???? as a holiday home walking distance pubs with food , 3 miles from le manoir Raymond blanc place and 2 miles from crazy bear hotel.
i will check out the villages you suggested
thank you very much for your assistance
cheers
D
feet on the ground is always the best knowledge.
I agree about parking and the pub
I live in chalgrove ox44 so Woodstock is the other side of town for us I don't know if rental agents would find this area of interest as oxford is 8 miles Henley 9 miles,thame 8 miles . too far from the Cotswolds however a friend has a 4 bed house for sale with annexe on the market to sell approx. £550k I wonder if he could rent out to agents.???? as a holiday home walking distance pubs with food , 3 miles from le manoir Raymond blanc place and 2 miles from crazy bear hotel.
i will check out the villages you suggested
thank you very much for your assistance
cheers
D
For sure iow and Edinburgh don't excite me as IOW will be a boat ride away and Scotland have different laws in property ownership.
Location will always be first consideration buying the best you can afford in the most sort after area yields may e lower but disposal is easier and appreciation higher.
The pub scene in the villages is important along with the amenities local to the area.
Your info should be fun to research and one which we will enjoy.
So thank you very much for the heads up.
cheers
D
Location will always be first consideration buying the best you can afford in the most sort after area yields may e lower but disposal is easier and appreciation higher.
The pub scene in the villages is important along with the amenities local to the area.
Your info should be fun to research and one which we will enjoy.
So thank you very much for the heads up.
cheers
D
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