Investing in a holiday home in the Cotswolds
Historically the Cotswolds has been, and will continue to be, a lucrative choice when purchasing a holiday let cottage.
Location, Location, Location
It’s a question we are asked on a weekly basis by potential purchasers: Where should I buy my holiday cottage in the Cotswolds? So in this article, let’s focus on just that: Location, Location, Location.
Location is important, not just in terms of which areas in the Cotswolds work well for holiday cottages, but also from the perspective of where YOU want to be, because you will most likely also be spending some holidays and weekends in your cottage.
The Cotswolds covers parts of the beautiful shires of Gloucestershire, Oxfordshire, Worcestershire and Warwickshire and with its central location it is no more than 2 hours away from most of the country’s major airports, the capital and within easy reach for 75% of the population of the whole country.
People visit the Cotswolds from all over the World, with it being famed for its natural beauty and picturesque villages and towns. Folks from outside the Cotswolds most readily recognise Burford, Stow on the Wold, Bourton-on-the-Water and Broadway as the most obvious locations in the region.
When you’re investing you need to think ‘what and where is going to attract my future guests?’ and these four hot spots are a very good starting point.
Of course there are many, many other places that are just as pretty, just as attractive, have just as much to offer and are far less expensive, but start your search here and you won’t go far wrong.
Why The Cotswolds?
The main reason the Cotswolds is among the top areas in the country where investment is worth considering, is because it is the perfect weekend destination for visitors who live in this country. This means you will get the week-long bookings as well as weekend bookings and your property is more likely to have a higher yearly occupancy than in those areas of the country that are better known for being summer holiday destinations.
Let’s Talk Money, Then!
As for how much you can actually make on your holiday cottage in the Cotswolds, many factors must be included, like location, size and overall look of the place. And without seeing the actual property, it is, of course, impossible to predict the potential gross income of your holiday cottage, but this guide is based on an average of Manor Cottages’ nearly 300 properties throughout the Cotswolds:
|No of Bedrooms||Estimated Annual Income|
Make sure you take the advice of a professional when choosing a holiday home in the Cotswolds. Manor Cottages will help you predict the potential income of the properties you’re looking at, taking into consideration costs for housekeeping, insurance, taxes, maintenance and utilities.
Chris Grimes owns Manor Cottages, holiday cottage company offering the widest selection of personally inspected, self-catering holiday cottages in the Cotswolds.