Top 10 UK Staycation Hotspots
Over the last 2 years, the UK has been experiencing somewhat of a staycation boom, presenting new and exciting opportunities for property investors.
We’ve looked at 10 of the top staycation locations and investigated the buy-to-let opportunities there.
St Ives, Cornwall
Average property price (Detached) - £443,360
Average cost of a week staycation for a family of 4**: £2,067
Average monthly rental for a 3-bedroom property***: £1,230
Cirencester, Cotswold
Average property price (Detached): £554,087
Average cost of a week staycation for a family of 4**: £1,027
Average monthly rental for a 3-bedroom property ***: £2,342
Speak to a buy-to-let expert today!
Windermere, Lake District
Average property price (Detached): £878,722
Average cost of a week staycation for a family of 4**: £873
Average monthly rental for a 3-bedroom property ***: £900
Weymouth, Dorset
Average property price (Detached): £434,157
Average cost of a week staycation for a family of 4**: £1,233
Average monthly rental for a 3-bedroom property ***: £1,246
Caernarfon, Snowdonia
Average property price (Detached): £285,860
Average cost of a week staycation for a family of 4**: £994
Average monthly rental for a 3-bedroom property ***: £650
Harrogate, Yorkshire Dales
Average property price (Detached): £601,578
Average cost of a week staycation for a family of 4**: £894
Average monthly rental for a 3-bedroom property ***: £1,441
Torquay, Devon
Average property price (Detached): £513,090
Average cost of a week staycation for a family of 4**: £1,408
Average monthly rental for a 3-bedroom property ***: £1,354
Edinburgh
Average property price: £319,316
Average cost of a week staycation for a family of 4**: £1,448
Average monthly rental for a 3-bedroom property ***: £2,255
Fort William, Highlands
Average property price: £186,393
Average cost of a week staycation for a family of 4**: £1,058
Average monthly rental for a 3-bedroom property ***: £750
Bakewell, Peak District
Average property price (Detached): £580,208
Average cost of a week staycation for a family of 4**: £891
Average monthly rental for a 3-bedroom property ***: £906
Purchasing or refinancing a holiday let with West One
Our specialist buy-to-let product range is available for existing or first-time landlords wishing to finance holiday lets in their personal names or through a limited company SPV.
- Holiday lets are assessed on an AST rental basis.
- Alongside existing landlords, we can lend to first time landlords with no letting experience.
- This product is available to individuals, limited companies, and expats.
- There are no minimum income requirements.
- We can accommodate short term lets and serviced accommodation.
If you have a client looking to purchase or remortgage a holiday buy-to-let, please contact your BDM or the broker support team on 0333 123 4556 or email btlbrokersupport@westoneloans.co.uk.
These figures are presented for information and illustration purposes only.
Sources:
* https://www.rightmove.co.uk/
** 7 nights for a family of four from 6th – 13th August 2022 from https://www.cottages.com/
*** https://www.home.co.uk/for_rent/current_rents_by_town.htm