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

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: £1,86,393

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