A Guide to Holiday Let Income

If you’re looking to holiday let your Cotswolds property, you’ll be interested to learn about the income you can potentially make from this.

The Cotswolds is an area of outstanding natural beauty so a great area to invest in property.

Read the Manor Cottages guide to holiday let income…

Factors that influence holiday let income

The key driver of your holiday home profit will be the level of annual gross income you generate for example, your revenue from guests.

Gross income is primarily driven by the number of people your property can sleep and the number of weeks the property is let out for.

In addition, the following factors will influence how much income your holiday home can generate:

• The region of the country the property is in,
• The location of the property and the local facilities available,
• The quality, comfort and facilities within your home,
• The degree of flexibility you offer with arrival and departure dates,
• The ability to adjust prices dynamically to reflect changing patterns of demand.

The region and location of your property are obviously fixed once you have bought it. However, the remaining factors can materially affect your overall income.

These are the factors that we focus on at Manor Cottages, in order to maximise your individual property profit. With the backing of our parent company Sykes Holiday Cottages, we can offer a flexible pricing strategy.

Your potential income

Predicting income for holiday homes is dependent upon many factors, as outlined above.

However, investing in the right area of the Cotswolds will ensure you reap the benefits. Villages such as Bourton-on-the-Water, Broadway, Stow-on-the-Wold and Castle Coombe are all big earners.

At Manor Cottages, we encourage our owners to set a floor price. This allows to you only accept bookings that are only worthwhile such as only allowing short breaks over Autumn or Winter.

Property costs

Having generated your gross income, there are various costs that must be deducted to get to your overall profit for your property.

For example, these costs may include:

• Letting fees,
• Housekeeping,
• Gardening,
• Utilities,
• Business rates or council tax,
• Repairs and maintenance,
• Holiday lettings insurance.

You may also consider our fully managed services option saving you both time and money.

Maximising profits with Manor Cottages

Being a leading Cotswolds holiday let agency, we focus on maximising the profit for each individual property owner.

We see every property requiring its own individual attention to ensure that we maximise every owner’s return on investment.

As part of the initial evaluation process, we will work with you to understand your financial objectives and to assess your likely profits.

Our business is to make your holiday home investment work. As a result, we will only take on a new property if we are confident of the likely financial performance.

Choose us

We have a wealth of knowledge and experience on how to maximise profits for holiday home owners. We can advise and support you at every step of the journey.

From acquiring the property, through its establishment as a holiday let and into the on-going management of your exciting venture.

Furthermore, to find out more about how Manor Cottages can help you. Call us on 01451 600 844, or visit our start your holiday letting journey here.