See full version: Are holiday lets a good investment
When the time comes to sell your property, providing you sell at a profit, you may have Capital Gains tax to pay. Fortunately, if you meet the conditions to be a Furnished Holiday Let, there are a few different Capital Gains tax relief options available.
Enquire with our team of holiday letting experts today, call us on 01548 843773 or visit our let your cottage page to request your FREE Owners Guide. more
Owning a holiday let can be financially rewarding and an overall fantastic endeavour, but it will only be profitable if you treat it like you would any other successful business. Making the decision on whether to invest in a holiday cottage to let requires careful consideration, and understanding of the the market, interest rates and all the other influencing factors.
If you’re thinking of buying a holiday property, now could be a fantastic time to generate a sound financial return on your investment. Here’s everything you need to consider when asking are holiday lets a good investment? more
Contact our New Property Team on 01548 843773 for help and advice, whatever stage you are at. Alternatively, order a copy of our FREE Owners Guide.
For many skiers, it’s a potent dream; the idea of not just skiing the mountain, but owning a little piece of it too.
In other words, if you’re based in the UK, the western end of the Alps makes a lot of sense. Geneva is the key airport here. There are connections from several regional airports, and so many flights from London it’s easy to pop over for weekends. Add in a good network of motorways, and fast rail connections (including the heavenly direct Eurostar from St Pancras to Moutiers and Bourg-St Maurice in the French Alps), and it’s not hard to see why most families buy there. more
After all, half the fun of skiing lies in the exploration of new slopes, new mountains, new countries even. It’s this experience that drives a website like Welove2ski.com, and it’s certainly helped make skiing and boarding a life-changing experience for many. Do you really want to lay that aside – never again pitting yourself against new terrain, or going on a Rocky-Mountain road trip – in favour of one resort?
But, happily, there is no ban on sandcastles, fish and chips, bike rides or cliff-top walks. more
The opening of the park two weeks ago was a godsend to Lyndsey and her businessman husband Dean, as their six-bedroom villa in Florida, which they rent out, remains closed due to the pandemic.
'Being able to sub-let made it possible for me to buy a bigger lodge,' he says. more
Most firms, such as Hoburne, which has eight holiday parks in England, offer a full letting service.
I think you've identified the issues - you pay quite a significant amount in site rental, have to replace quite often, don't get very much for the old van. You can do a worked example, get the site rental figure and replacement age from a reasonable site, look at the potential cost and sale value of the van, then figure out how much you need to make just to break even.
If the van is £25K, site fees £6K and let's say 5 yrs usage before removal (so depreciation say £5K pa for illustration purposes), plus say £1K pa for "additional items", then that's £12K net pa you have to make just to break even. here
Would you be looking at a new or used van? There are options and potential bargains either way. If used there are also options of via a broker, private sale or through the park. Dont assume the park is the most expensive. Private owners will have an idea of the value of their van but wont consider thats not going to be the cost you pay. You will need to pay a commission to the park plus the rest of the years fees plus depending when you buy will have the next years site fee bill on the horizon. It massively adds up. In contrast if you buy from the park they will of screwed the original owner on the initial sale, screwed them again on the part ex or buy back and will be hoping to screw you. But. They have a LOT of profit already to play with and park sales will almost always include the current and possibly next year fees.