ºÇ¹â¤Î¡¤¤ò±Û¤¹ 10 most profitable places in Britain for holiday lets ÌÀ¤é¤«¤Ë¤¹¤ë¡¿Ï³¤é¤¹d... and most are nowhere ¶á¤Å¤¯ a beach

  • Cornwall ºÇ¹â¤Î¡¤¤ò±Û¤¹s ̾Êí¡Ê¤ËºÜ¤»¤ë¡Ë¡¿É½¡Ê¤Ë¤¢¤²¤ë¡Ë of most profitable holiday let ¾ì½ês across Britain?
  • ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë price of a room in a Cornish holiday ÄÂÂߤ·¤Î last summer was ¡ò84 a night?
  • However, most of the places in the ºÇ¹â¤Î¡¤¤ò±Û¤¹ ten aren't in ±è´ß¤Î ¾ì½ês?

The most profitable ¾ì½ês in Britain for holiday lets has been ÌÀ¤é¤«¤Ë¤¹¤ë¡¿Ï³¤é¤¹d - and the Âç¿¿ô are not °ÌÃÖ¤ò¼¨¤¹d anywhere ¶á¤Å¤¯ a beach.?

Staycation favourite Cornwall is ºÇ¹â¤Î¡¤¤ò±Û¤¹ of the ºÇ¹â°Ì¤Îs, with an ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë price per night of ¡ò84 for a room and ¡ò117 for a whole house.

A total of 476,910 bookings were made ·Ðͳ¤Ç popular holiday ÄÂÂߤ·¤Î companies in the area last summer, ¤Ë¤è¤ì¤Ð ʬÀÏ of Office for ¹ñ²È¤Î Åý·×¡Ê³Ø¡Ë data by the money website Wealth of Geeks.

The ¿Íʪ¡¿»Ñ¡¿¿ô»ús ¼¨º¶¤¹¤ë that holiday lets in Cornwall took bookings ²ÁÃ͡ʤ¬¤¢¤ë¡Ë ¡ò40million between the beginning of July and the end of September last year.

However, most of the ºÇ¹â¤Î¡¤¤ò±Û¤¹ 10 are °ÌÃÖ¤ò¼¨¤¹d in inner London, the ¸¦µæ showed.?

> SCROLL DOWN TO THE BOTTOM OF THE ARTICLE FOR THE FULL LIST?

The most profitable locations for buy-to-let have been revealed, with staycation favourite Cornwall at the top of the rankings

The most profitable ¾ì½ês for buy-to-let have been ÌÀ¤é¤«¤Ë¤¹¤ë¡¿Ï³¤é¤¹d, with staycation favourite Cornwall at the ºÇ¹â¤Î¡¤¤ò±Û¤¹ of the ºÇ¹â°Ì¤Îs

The ̾Êí¡Ê¤ËºÜ¤»¤ë¡Ë¡¿É½¡Ê¤Ë¤¢¤²¤ë¡Ë of ºÇ¹â¤Î¡¤¤ò±Û¤¹ ten places also ´Þ¤às several areas in London, ´Þ¤àing Westminster in second place.

The ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë price of renting a holiday let in Westminster is ¡ò133 a night for a room and ¡ò435 for a house.

With 304,790 holiday let bookings, it produces a ºÐÆþ for the area in the heart of London's west end of ¡ò34,441,270 for the summer period last year.

The ·×»»¡¿¸«ÀѤês were based on bookings on Airbnb, Ä´½ñ¤ò¤È¤ë¡¿Í½Ì󤹤ëing.com and the Expedia Group, with data taken from the Office for ¹ñ²È¤Î Åý·×¡Ê³Ø¡Ë.

The ÄÂÂߤ·¤Î prices, °ìÊý¡¿¹ç´Ö, were taken from Airbnb across 388 British towns, and the total ºÐÆþ was calculated by multiplying the number of nights with the nightly cost of a room on Airbnb.

The ºÐÆþ did not take into account any costs of running a holiday let, such as ½¤Íýs and °Ý»ý¡¿À°È÷, nor did it factor in ½êͭʪ¡¿»ñ»º¡¿ºâ»º prices.

All of the remaining ¾ì½ês in the ºÇ¹â¤Î¡¤¤ò±Û¤¹ ten were in London except for one on the south coast.

This was Brighton and Hove, where ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë ÄÂÂߤ·¤Î prices per night were ¡ò100 for a room.?

In total, the?data ¼¨º¶¤¹¤ëd that the British holiday ÄÂÂߤ·¤Î market made ¡ò739,211,390, during the summer of 2023.

Michael Dinich, of Wealth of Geeks, said: 'Holiday ÄÂÂߤ·¤Îs play a ·èÄêŪ¤Ê Ìò³ä in the UK's ´Ñ¸÷ι¹Ô¡¤»ö¶È »º¶È by supporting Ãϸµ¤Î economies, ¶¡µë¤¹¤ëing accommodation to ¹â¤á¤ë ˬÌä¼Ô experience, and Â¥¿Ê¤¹¤ëing ´Ñ¸÷ι¹Ô¡¤»ö¶È in diverse ÃÏ°ès across the country.

'´Ñ¸÷ι¹Ô¡¤»ö¶È also helps to Â¥¿Ê¤¹¤ë ǧ¼±¡¿°Õ¼±À­ of lesser-known areas, helping to ʬÇÛ¤¹¤ë tourist spending more Ê¿Åù¤Ë across the country.

'While some ÌÜŪÃÏs may experience seasonal fluctuations in ´Ñ¸÷ι¹Ô¡¤»ö¶È often in the summer months, holiday ÄÂÂߤ·¤Îs attract visit year-°ìÏ¢¤Î²ñµÄ¡¢¸ò¾Ä¡¿´°À®¤¹¤ë, helping to »Ù¤¨¤ë economies and ¾¦Çä¡¿»Å»ös during off-ĺÅÀ¡Ê¤Ë㤹¤ë¡Ë seasons.'

Chancellor Jeremy Hunt announced in this year's Budget that the tax relief available for furnished holiday lets would be scrapped

¡Ê¥É¥¤¥Ä¤Ê¤É¤Î¡Ë¼óÁê¡¿¡ÊÂç³Ø¤Î¡Ë³ØĹ Jeremy ÄÉÀסʤ¹¤ë¡Ë ȯɽ¤¹¤ëd in this year's ͽ»» that the ÀÇ¶â µßºÑ ÍøÍѤǤ­¤ë for furnished holiday lets would be scrapped

The findings show that those looking to Åê»ñ¤¹¤ë in the holiday lets market need to do their sums carefully before taking the µÞÍî¡Ê¤¹¤ë¡Ë¡¤·ã¸º¡Ê¤¹¤ë¡Ë and committing to a particular area.

North London ¹­¤¤ÃÏ½ê ¥¹¥Ñ¥¤¡¿¼¹¹Ô´± Jeremy Leaf, explained: 'This data shows that it's not just the prospect of beaches and more reliable Å·¸õ which ±¿Æ°s profitability.?

'It's not just ÅÁÅýŪ¤Ë popular holiday ÌÜŪÃÏs which produce the best returns so it's ·èÄêŪ¤Ê that would-be landlords do their ¸¦µæ carefully before Åê»ñ¤¹¤ëing.

'The a bility to make money depends on ¶¡µë¡Ê¤¹¤ë¡Ë and ¼ûÍס¦Í׵᤹¤ë, not just the ¤»¤¤¤Ë¤¹¤ës of an area.?

'At what level a landlord can rent their ½êͭʪ¡¿»ñ»º¡¿ºâ»º for, after taking into account all expenses, is ½ÅÍ×¤Ê and explains why areas such as Westminster and Camden are ¾ÚÌÀ¤¹¤ëing profitable, where they may ·çÇ¡¡Ê¤¹¤ë¡Ë the charm of a ÅÁÅýŪ¤Ê UK holiday ÌÜŪÃÏ such as Cornwall.'

The British holiday rental market made ¡ò739,211,390, during the summer of 2023, according to the latest data

The British holiday ÄÂÂߤ·¤Î market made ¡ò739,211,390, during the summer of 2023, ¤Ë¤è¤ì¤Ð the ºÇ¿·¤Î data

ÀǶ⠸·½Å¼èÄù

The data on the most profitable holiday lets follows a ¸·½Å¼èÄù on the ÉôÌç by the ¡Ê¥É¥¤¥Ä¤Ê¤É¤Î¡Ë¼óÁê¡¿¡ÊÂç³Ø¤Î¡Ë³ØĹ.

Jeremy ÄÉÀסʤ¹¤ë¡Ë ȯɽ¤¹¤ëd in this year's ͽ»» tha t the ÀÇ¶â µßºÑ ÍøÍѤǤ­¤ë for furnished holiday lets would be scrapped to help ²þÁ±¤¹¤ë the availability of long-¾Î¤¹¤ë¡¤¸Æ¤Ö¡¿´ü´Ö¡¿ÍѸì ÄÂÂߤ·¤Îs.

The move is ͽÄê to come into ·³Ââ at the beginning of April next year and is ¹­ÈϰϤˤ錄¤Ã¤Æ seen as a way of bringing the ÀǶâ À¯¸¢ of shorter-¾Î¤¹¤ë¡¤¸Æ¤Ö¡¿´ü´Ö¡¿ÍѸì lets more in line with longer ¾Î¤¹¤ë¡¤¸Æ¤Ö¡¿´ü´Ö¡¿ÍѸì ÄÂÂߤ·¤Îs.

ÀìÌç²Ès operating in the ÉôÌç ¼çÄ¥¤¹¤ëd that holiday ÄÂÂߤ·¤Îs remained in ¼ûÍס¦Í׵᤹¤ë ahead of the changes.?

Graham Donoghue, of Sykes Holiday Cottages, said: 'Staycations have been growing in ¿Íµ¤ over the past £±£°Ç¯´Ö and ¸¢Íø now ¼ûÍס¦Í׵᤹¤ë for our UK holiday cottages is higher than ever, with the ÉáÄ̤Ρ¿Ê¿¶Ñ¡Ê¤¹¤ë¡Ë ǯ¼¡¤Î income of a holiday let owner up as a result.

'Hotspot ¾ì½ês like Yorkshire, Cumbria, and Cornwall continue to see ¤«¤Ê¤ê¤Î ¼ûÍס¦Í׵᤹¤ë and bookings across the UK for our holiday cottages have been up 11 per cent during the ¸½ºß¤Î Éü³èº× school holidays.

'The ¼ûÍס¦Í׵᤹¤ë we're ¾Ú¸À¡¤¾Ú¿Í¡¿Ìܷ⤹¤ëing is ÆÃ¤Ë good news for our holiday let owners who have ľÌ̤¹¤ëd their own »Ï¤á¤ë¡¤·è¤á¤ë of challenges recently. ¤Ë¤â¤«¤«¤ï¤é¤º changes, which we are carefully guiding our owners through, it's ¡Êµ¿¤¤¤ò¡ËÀ²¤é¤¹ that holiday letting remains a profitable and rewarding long-¾Î¤¹¤ë¡¤¸Æ¤Ö¡¿´ü´Ö¡¿ÍÑ¸ì ¾¦Çä¡¿»Å»ö model.'

FULL LIST OF THE MOST PROFITABLE HOLIDAY LET LOCATIONS?
³¬µé Town Nights Median price per night (room) Median price per night (house) Median price per night (apartment) ¾ì½ê ºÐÆþ (nights x price per night)
1 Cornwall 476,910 ¡ò84 ¡ò117 ¡ò113 ¡ò40,060,440
2 Westminster 304,790 ¡ò113 ¡ò435 ¡ò147 ¡ò34,441 ,270
3 Camden 172,500 ¡ò123 ¡ò140 ¡ò156 ¡ò21,217,500
4 Hackney 101,140 ¡ò202 ¡ò204 ¡ò127 ¡ò20,430,280
5 Kensington and Chelsea 167,770 ¡ò113 ¡ò115 ¡ò145 ¡ò18,874,125
6 Brighton and Hove 134,010 ¡ò100 ¡ò100 ¡ò128 ¡ò13,401,000
7 Islington 108,250 ¡ò117 ¡ò255 ¡ò173 ¡ò12,665,250
8 Southwark 104,290 ¡ò112 ¡ò116 ¡ò131 ¡ò11,680,480
9 Tower Hamlets 161,000 ¡ò73 ¡ò166 ¡ò169 ¡ò11,672,500
10 Lambeth 98,430 ¡ò113 ¡ò440 ¡ò136 ¡ò11,122,590
11 Dorset 121,880 ¡ò88 ¡ò120 ¡ò131 ¡ò10,725,440
12 Hammersmith and Fulham 92,140 ¡ò111 ¡ò123 ¡ò146 ¡ò10,227,540
13 Gwynedd 122,660 ¡ò83 ¡ò117 ¡ò105 ¡ò10,180,780
14 Scarborough 102,500 ¡ò96 ¡ò94 ¡ò121 ¡ò9,840,000
15 Liverpool 127,310 ¡ò77 ¡ò85 ¡ò103 ¡ò9,802,870
16 Birmingham 109,920 ¡ò86 ¡ò106 ¡ò98 ¡ò9,453,120
17 South Lakeland 106,450 ¡ò88 ¡ò119 ¡ò116 ¡ò9,367,600
18 Bournemouth,? Christchurch, and Poole 112,040 ¡ò78 ¡ò117 ¡ò120 ¡ ò8,739,120
19 Pembrokeshire 101,330 ¡ò85 ¡ò94 ¡ò101 ¡ò8,613,050
20 Northumberland 91,950 ¡ò90 ¡ò110 ¡ò127 ¡ò8,275,500
21 York 85,080 ¡ò88 ¡ò107 ¡ò112 ¡ò7,487,040
22 Wandsworth 77,700 ¡ò95 ¡ò160 ¡ò138 ¡ò7,381,500
23 Bristol, City of 81,700 ¡ò78 ¡ò111 ¡ò115 ¡ò6,372,600
24 Cotswold 61,650 ¡ò102 na ¡ò100 ¡ò6,288,300
25 Belfast 79,660 ¡ò76 ¡ò117 ¡ò124 ¡ò6,054,160
26 ¾®Åç of Wight 70,000 ¡ò84 ¡ò128 ¡ò112 ¡ò5,880,000
27 Bath and North East Somerset 71,190 ¡ò81 ¡ò99 ¡ò94 ¡ò5,766,390
28 North Norfolk 61,800 ¡ò93 ¡ò128 ¡ò144 ¡ò5,747,400
29 Manchester 100,480 ¡ò57 ¡ò76 ¡ò109 ¡ò5,727,360
30 South Hams 64,160 ¡ò85 ¡ò115 ¡ò115 ¡ò5,453,600
Source: Wealth of Geeks??????