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Rough Income from a Cheap Chalet (500-600wk at peak)

 
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jazzuk777



Joined: 01 Aug 2013
Posts: 57
Location: Caister

PostPosted: Sat Feb 13, 2021 10:54 am    Post subject: Rough Income from a Cheap Chalet (500-600wk at peak) Reply with quote

Hi all

Being fed up with working for other people and having some capital (and not needing a huge income) I'm thinking of quitting one of my jobs and buying 2-3 cheap chalets in Norfolk to let out as we already have a holiday cottage close by and know the area quite well.

I'm trying to do the maths to understand the likely income from this, as currently we just let our place to friends/family ad hoc and don't run as a business or promote heavily so it only really rents in school holidays to allow us to break even plus a little.

Does anyone have a similar place that would be happy to share details of the rental and what they charge (e.g. a link to their bookings page), how much of the year they manage to rent out and what it makes?

I'd be very grateful.
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Small Victorian terrace in Caister let to friends and family
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zebedee



Joined: 12 Sep 2014
Posts: 1216
Location: yorkshire dales

PostPosted: Sat Feb 13, 2021 1:43 pm    Post subject: Reply with quote

You can do a search on your chosen area for chalets and look at their prices that way. Probably more comprehensive than asking an owner to share their information as they may get the same regulars returning year on year.
You will be at a disadvantage over small business rate relief though as you will have multiple properties.

In fact, if you save the sites you can monitor the availability as well.

Cant help with the rest of your query though
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jazzuk777



Joined: 01 Aug 2013
Posts: 57
Location: Caister

PostPosted: Sat Feb 13, 2021 2:12 pm    Post subject: Reply with quote

zebedee wrote:
You can do a search on your chosen area for chalets and look at their prices that way. Probably more comprehensive than asking an owner to share their information as they may get the same regulars returning year on year.
You will be at a disadvantage over small business rate relief though as you will have multiple properties.

In fact, if you save the sites you can monitor the availability as well.

Cant help with the rest of your query though


It's not so much that I don't have an idea of rates, but not what is a reasonable projection of booking quantities (and allowing for building up of business or course)
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