County Durham, Lincolnshire, Rutland, and Essex all feature in a new list of emerging regions to invest in a holiday let, according to new data from Sykes Holiday Cottages.
Worcestershire, Warwickshire and Wiltshire also make it into the list, alongside Chester and Cheshire, with all of these regions offering an income well above the average annual income of £24,000 for a holiday let owner.
Those considering investing in County Durham could earn an average of £27,000 a year for a three-bedroom property, with Lincolnshire and Rutland and Essex not far behind at £28,000 and £29,000 a year, respectively.
Chester and Cheshire holiday let owners could earn an average of £33,000, beating those in Worcestershire, Warwickshire & Wiltshire who earn £30,000 on average.
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Income (three bed/six people, accepts pets and short stays)
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County Durham
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£27,000
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Lincolnshire and Rutland
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£28,000
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Essex
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£29,000
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Worcestershire, Warwickshire & Wiltshire
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£30,000
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Chester and Cheshire
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£33,000
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“It has been another busy summer for holiday let owners with average bookings to our UK holiday cottages on the rise. This year, the market has also faced challenges, with talk of new regulations or changes to the way second homes are taxed” says Graham Donoghue, Sykes’ chief executive.
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