According to new data from Sykes Holiday Cottages, on average, holiday let owners in Cumbria and the Lake District can expect to earn £44,000 per year for a four-bedroom house, 57% more than the average income of a UK holiday let.
In terms of what features could boost the earning potential of holiday lets, particularly during the autumn and winter season, owners can expect to make an estimated 49% more if they have a hot tub on site and 19% more if they have a log burner or open fire to keep guests cosy.
Allowing travellers to book shorter stays of two to four days could also see holiday homeowners generate more bookings, with Sykes revealing that holiday homeowners who opt to do this can expect to make 58% more per year than those who don’t.
Bev Dumbleton, chief operating officer at Sykes Holiday Cottages, said: “As we move into the colder season, we’re still seeing strong demand for UK-based holiday accommodation, with many opting for staycations as a lower-priced alternative to winter sun.
“Those looking to try holiday letting could see great success with a property in Cumbria. While proving particularly fruitful for bookings in autumn and winter, the long-term investment opportunities could also be substantial.
“Touches such as an open fire and hot tub could help to increase earnings during the colder seasons, while affordable extras, such as thick blankets and rugs, or a selection of board games and movies to help families pass the time, can also make all the difference to a holidaymaker’s off-season stay.”
