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Home > Property Investment > Larger Holiday Homes

Top Rents From Larger Holiday Homes

Large UK holiday homes with plenty of bedrooms are benefiting from a growing trend in group holidays.

Whilst couples who traditionally rented a small cottage for their main holiday are now jetting off abroad, the UK holiday home market is reinventing itself to cater for long weekend breaks. These weekend breaks are particularly popular with large groups of friends and extended family gatherings.

To capitalise on this opportunity, investors are buying up larger properties or converting smaller terraced properties by knocking through walls. Although purchasing a larger property will be more expensive than a two bedroom cottage, it is possible to collect up to £2,000 per week during the peak rental period, whilst the smaller cottage may only bring in about £350.

However, there are warnings about putting all your eggs in one basket and many investors would prefer to own a portfolio of smaller cottages, as they feel they are easier to fill without the hassle of large group bookings. They also point out that large groups of families will lead to higher maintenance costs.

The advice from those who have already bought large holiday properties is to be prepared to spend some money to ensure the interior is modern and comfortable.

Clients will expect nice furniture, fully equipped kitchens, modern bathrooms and all the latest gadgets such as a Playstation, a DVD player and Sky television, to keep the kids happy if it rains.

 


 
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