Why Holiday let investments are becoming popular
Over the past decade the UK tourist industry has grown to 10% of UK GDP. With concerns over the security of foreign travel and unfavourable exchange rates, more and more people are choosing an affordable ‘staycation’ rather than holidaying abroad. This growth in demand means the holiday lets market is very healthy, offering strong returns to investors looking for a steady income without the 3% stamp duty surcharge payable on traditional Buy to Let investments.
Why invest at Romansleigh Park?
The Retreat at Romansleigh Park provides holiday makers with a variety of on-site facilities such as a club bar, games room and children’s play area. Open all year round, its location, facilities and luxurious accommodation makes it more likely for the lodge owner to enjoy a steady income – in fact its guaranteed at 8% p.a. for the first 3 years.
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The chart below illustrates how a premium lodge investment of £250,000 would return a guaranteed total of £60,000 in the first 3 year period.
The chart below illustrates the guaranteed ROI returns from a variety of lodge investments over the first 3 year period.
An Investor’s View
One owner at The Retreat summed up why they switched from a Buy to Let investment…
“My tenants kept failing on rental payments and the upkeep on my portfolio of properties was becoming a real hassle. The Retreat have guaranteed me an 8% return on investment for 3 years and I don’t have to worry about any fees or maintenance contracts. The big bonus is I get six free weeks every year to stay with my family in a top of the range luxury lodge in beautiful Devon woodland.” Mr A, Essex
A Holiday let could be TWICE as profitable as a Buy to let investment
The basic comparison below shows the costs and returns of a Holiday Let at The Retreat compared to a permanently-occupied Buy-to-Let property investment and saviungs account during the first 3 years of ownership:
Guaranteed Investment return – with peace of mind and nothing else to pay!
We will let and fully manage all aspects of your investment Lodge, including all bookings, changeovers, cleaning, maintenance, repairs and even pay site fees and utility bills, giving you full peace of mind on your investment. The park is open all year round and we can let your lodge for 46 weeks leaving you 6 weeks personal use including at least 1 peak period week as standard, or additional income if you do not require use of your investment lodge.
Renewal packages are available after the 3 year invstment guarantee completes.
*Purchase fees based on median values provided by Money Advice Service https://www.moneyadviceservice.org.uk/en/articles/estimate-your-overall-buying-and-moving-costs
**Running costs based on values provided by Property Investment Project, based on an annual turnaround of tenant and includes EPC, Gas Safety certificates, smoke alarms, insurance and tenant fees. Does not include time spent organising, property maintenance, redecorating or empty/void periods
Gas Safety £80
Smoke alarms £30
Tenants Fees £720 based on 8% of annual rent at £750
***Average UK rental yield based on The Telegraph report.
Savings account average of best 3 easy access savers as at 10.05.17 on money supermarket.com