Did you already find the sweet spot of where to invest in holiday let property? Perhaps last year’s favourites will give you a clue about where in the country your next investment might be.
On the 11th of February, Property Reporter helpfully published a list of the top ten hotspots for returns on holiday let property during 2019.
As we mentioned in our posting on the 12th of February, there has probably been no time like the present to invest in the potentially high yields from holiday let properties. Demand for such accommodation is strong and growing on the back of increasing numbers of domestic “staycationers”. Yields are also boosted by favourable income tax rules.
Property Reporter’s top ten listing was ranked in the following order:
- Saundersfoot, in Pembrokeshire;
- Leiston, on the Suffolk Coast;
- Pwllheli, in Gwynedd, Wales;
- Saltburn, on the North York Moors
- Liverpool (postcode L6), Merseyside
- Southwold, on the Suffolk Coast;
- Snowdonia, in Powys, Wales;
- The Brecon Beacons, Powys, in Wales;
- Carmarthen, in Carmarthenshire, Wales; and
- Newcastle (postcode NE8), Tyne-and-Wear.
This list of top ten locations included only postcodes in which at least 20 holiday let properties were advertised. It excluded listings of those properties failing to meet a minimum rental income threshold. Properties were only listed if they had been available and generating rental income for the whole of the calendar year 2019.
The survey results were culled from data on 2,170 postcodes in England and Wales, drawing on information available from both the Land Registry and the web app AirDNA.