Accidents happen. Fact. And as a holiday cottage owner you need to expect some damages at one point or another....
Historically the Cotswolds has been, and will continue to be, a lucrative choice when purchasing a holiday let cottage. With potential earnings of approximately £40,000 for a 4 bedroom cottage, the Cotswolds presents a great opportunity to earn an income whilst enjoying the perks of holiday home ownership.
Location is important, not just in terms of which areas in the Cotswolds work well for holiday cottages, but also from the perspective of where YOU want to be, because you will most likely also be spending some holidays and weekends in your cottage.
The Cotswolds covers part of the beautiful shires of Gloucestershire, Oxfordshire, Worcestershire and Warwickshire, with its central location being no longer than 2 hours away from most of the country’s major airports, the capital and within easy reach for 75% of the country’s population.
People visit the Cotswolds from all over the world, with it being famed for its natural beauty and picturesque towns and villages. Folks from outside the Cotswolds most readily recognise Burford, Stow on the Wold, Bourton-on-the-Water and Broadway as the most obvious locations in the region but there are plenty of other destinations just as decadent.
When you’re investing you need to think “what and where is going to attract my future guests?” and these four hot spots are a very good starting point.
Of course there are many, many other places that are just as pretty, have just as much to offer and are far less expensive, but starting your search with these popular destinations, exploring nearby towns and villages, ensures you won’t go far wrong.
The main reason the Cotswolds is among some of the top areas in the country where investment in a holiday cottage is worth considering, is because it is the perfect weekend destination for visitors who live in this country. This means you will get the week-long bookings as well as weekend bookings and your property is more likely to have a higher yearly occupancy than in those areas of the country that are better known for being summer holiday destinations.
As for how much you can actually make on your holiday cottage in the Cotswolds, many factors must be included, like location, size and overall look of the place. And without seeing the actual property, it is, of course, impossible to predict the potential gross income of your holiday cottage, but this guide is based on an average of Manor Cottages’ nearly 300 properties throughout the Cotswolds:
|No of Bedrooms||Estimated Annual Income|
Make sure you take the advice of a professional when choosing a holiday home in the Cotswolds. Manor Cottages will help you predict the potential income of the properties you’re looking at, taking into consideration costs for housekeeping, insurance, taxes, maintenance and utilities.