Q: How much can I make from my holiday let?

Here are three examples of different properties in different locations around the Lake District and the average income we would expect.

How much income can I expect to achieve? ↓

Skelwith Bridge – Sleeps 2

  • Accepts pets, off-road parking
  • Great location and is of good quality throughout

The gross income generated in 2019 was £21,000

Ambleside – Sleeps 6

  • Accepts pets, off-road parking
  • Central Ambleside.
  • Games room on the ground floor

The gross income generated in 2019 was £36,000

Ambleside – Sleeps 8

  • No pets, off-road parking
  • Traditional cottage for the larger party
  • In the heart of Ambleside

Gross income generated in 2019, its first year was £33,000

Can you get a mortgage on a holiday let?

The answer is: Yes! We have seen unprecedented demand for holiday lets as investors flock to buy a new cottage and cash in on the long-term benefits offered by holiday letting.
– Holiday Cottage Mortgages

What can you expect for your money?

  • £320,000 – A traditional slate-roofed, two-bedroom cottage in a picturesque village
  • £1.5m – A six-bedroom former farmhouse with lake and mountain views
  • £4m – A stately home with attached cottage, paddock and indoor pool

Source: England’s Lake District: where to buy a home in hikers’ paradise – Financial Times

Still have questions, take a look below

If there’s anything you’d like to know that we haven’t covered here, please let us know.

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