Vacation house homeowners are making third more cash in 2021 than they did in 2019, as the recognition of staycations continues.
The typical annual revenue generated by a vacation house in 2021 was practically £28,000 – up 33 per cent on 2019, in line with knowledge from rental company Sykes Cottages.
This was due partially to a 35 per cent improve in occupancy charges, it stated, with houses within the Lake District having the very best occupancy at 80 per cent.
It additionally discovered that Dorset, the Cotswolds, and the Peak District had been the highest three incomes areas for homeowners in 2021, whereas Devon and Somerset rounded out the highest 5.
The Cotswolds is likely one of the hottest areas for staycations, new knowledge reveals
Based mostly on the common revenue figures for a four-bedroom vacation let, these in Dorset earn their homeowners practically £36,000 per 12 months.
In the meantime, four-bed properties within the Cotswolds and the Peak District generate simply over £35,000 and virtually £34,000 respectively.
The revenue uplift got here as many shunned international holidays attributable to journey restrictions and ongoing uncertainty.
When it comes to occupancy charges, the Lake District was carefully adopted by Northumberland, the Peak District, Southern Scotland and the North York Moors.
In all of those areas, vacation houses had been rented out for greater than 78 per cent of days within the 12 months.
Bev Dumbleton, chief working officer at Sykes Vacation Cottages, stated: ‘2021 was definitely the 12 months of the staycation, as we noticed the sturdy demand for UK-based lodging culminate in report occupancy charges and a major increase in common yearly revenue.
‘With the curiosity in holidays nearer to house prone to stay a fixture for years to come back, these contemplating investing in a vacation house in 2022 might see nice success – significantly in the event that they select a location which has confirmed fruitful for these already out there this 12 months.’
Learn how to make your vacation house extra worthwhile
Sykes Cottages has put collectively 5 suggestions to assist vacation let homeowners make their house extra worthwhile.
1) Shorter breaks: May result in a 58 per cent improve in income
Enabling travellers to e book shorter stays of two to 4 days at properties will open up the calendar to much more bookings.
Sykes has discovered that vacation householders who decide to do that can count on to make 58 per cent extra per 12 months than those that do not.
Providing shorter breaks attracts visitors who may solely need to e book a few days off in the course of the working week, reminiscent of teams of pals, college students or {couples}, in addition to those that want full weeks. By doing this, homeowners are making certain the property is much less prone to have any weeks the place it’s empty and never making a living.
2) Costume up your backyard: As much as 15 per cent improve in income
After 18 months of on-and-off restrictions forcing folks to remain inside, it is little shock that vacation houses with gardens earn 15 per cent greater than these with out.
Cty dwellers, households and holidaymakers with pets are significantly prone to look out for houses with out of doors area – particularly in the event that they’re seeking to go to in the course of the summer season months.
To verify a backyard is holidaymaker- prepared, householders may even take into account investing in skilled assist to maintain it trying its greatest all 12 months spherical.
3) Give visitors the choice to get cosy: As much as 21 per cent improve in income
In the course of the colder months, there’s nothing higher than warming up by a fireplace after a winter stroll.
This rings true with UK travellers, as Sykes has seen properties with an open hearth or log burner earn 21 per cent greater than these with out.
With a working hearth now a rarity in lots of houses throughout the nation, making certain a vacation let has a log burner not solely provides visitors someplace to dry off after a day of exploring, however it could actually additionally assist to create a welcoming environment.
The Peak District is an space of the UK that has one of many highest occupancy charges in 2021
4) Think about putting in some luxuries: As much as 66 per cent improve in income
Relying on the vacation house’s measurement, putting in luxuries reminiscent of a scorching tub, sauna, pool desk or video games room might assist to attract all sorts of visitors year-round.
Particularly with the climate being so unreliable, holidaymakers are sometimes on the lookout for options to fill their time in the event that they’re unfortunate sufficient to expertise rain all through their staycation.
Whereas offering these extras will be expensive, Sykes has seen vacation let homeowners reap the rewards and earn as much as 66 per cent extra for a scorching tub, 33 per cent extra with a pool desk and 61 per cent extra with a sauna.
5) Be sure your location works: As much as 21 per cent improve in income
For many who haven’t but invested in a vacation house, they need to guarantee they analysis a possible property’s location as that is key to securing a superb variety of bookings all year long.
Sykes has discovered that properties in cities earn 21 per cent greater than these in cities and 9 per cent greater than these in smaller settlements – suggesting that staycationers like a location that gives them some degree of remoteness, however nonetheless someplace with tons to see and do.
Householders may additionally take into account someplace close to the coast or one of many UK’s nationwide parks, with many holidaymakers eager to tackle strolling trails and revel in picturesque surroundings.