Tuesday May 4 2021 10:00:22

Selling a property with sitting tenants by the sea

Holidaying at home is big news

With many countries still in the grip of the pandemic, travel corridors not set in stone, questions marks over quarantining when arriving back in Britain and confusion over Covid passports, taking a ‘staycation’ in the UK remains the holiday of choice for many Brits – or at least a Plan B.

Owners of UK Airbnbs, holiday cottages, B&Bs and even beach huts are saying that demand for accommodation summer 2021 is already outstripping supply, with reports of brisk bookings in autumn and winter too, with some holiday makers keen to avoid the peak-time crowds. Does the trend make you want to sell your property fast and hunt down a yield-busting holiday let?

Property investors homing in on holiday lets

Research released as recently as April 2021 reveals property investors are already setting their sights on investment in the domestic holiday market. A report from Arbuthnot Lathan showed that in the last three months, search demand for ‘holiday homes for sale’ had risen by 73% year-on-year, while the number of larger properties offering accommodation for 10 or more had increased by 35%.

Yields that beat traditional buy-to-lets

It’s not hard to see why. Even before Covid, holiday lets and Airbnbs were returning generous gross yields that overshadowed traditional long-tenancy buy-to-lets. This report from the respected Which? organisation says holiday let landlords can expect yields of over 10%, rising to 14%+ in the run up to 2022.

Offloading urban properties

Many landlords are finding the appetite for city living has diminished to such a degree that they can’t rent or sell a buy-to-let property they own in some urban areas. This presents a problem for yield-hunting landlords who want to capitalize on the staycation boom by swapping their city property investment for a countryside or coastal holiday let.

Wish you were there?

You don’t have to be stuck on the market and miss the holiday boat. If a fisherman’s cottage, waterfront apartment or village-set smallholding has grabbed your attention, we can set you on the path to becoming a holiday let landlord in a matter of days.

Sell fast for cash

Landlord Buyer is a professional cash buyer so you can sell property fast to us. In fact, we offer completion in as little as seven days. You’ll have a cash injection that gives you confidence to offer on a property you think would make an ideal holiday business. We buy any buy-to-let – even those with sitting tenants, rent arrears, short leases and classed as a problem property – so there’s nothing holding you back.

Contact us today and we’ll make you a cash offer. We can also direct you to our sister company, Open Online, who may have a property for sale online or in one of its auctions that would make an excellent holiday let.

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