[Closed] Holday cottage - advice please.

Yes, but then we've got kids.
There's a similar holiday let up for sale near us - converted chapel. Been on the market for a couple of years now and in the meantime doesn't get many lettings:

[url= http://www.zoopla.co.uk/for-sale/details/3531083 ]here[/url]

Scotland could be different though.

That is similar - 'ours' needs work, but even done up would be a 1/4 of that cost...

Sounds fine.
Rented a few cottages.
Good to be in town for beers etc, you never want to have to drive of an evening.
Surrounding location prob most important..
For most people cottage is just somewher to sleep.
If you want to have an outside space then you would go to a cottage in middle of no where with a big garden.

Depends who you see your market as being?

Personally I like a decent view - but that depends a lot on time of year, e.g. in winter you'll mostly be out in the daylight so having a view all round matters less. Outside space is really a must in the summer when you want to sit/ eat out etc. Or in our case, clean bikes, fettle etc.

We've stayed in loads of places in the UK (especially Wales & Scotland) over the years and it's generally really hard to find to find something that ticks all our boxes. If it helps - all my favourite places - i.e. the ones we've been back to more that once (in one case every year for the past 6 years) have amazing views and private outside space with room to sit, eat, sort bikes etc. 🙂

A Holiday let has to be in a very specific tourist location with parking very close by. If you are a hundred yards outside this zone, on the wrong street, etc, it will not yield/command anywhere near as much and repeat bookings will be much diminished. You'll probably struggle to get bookings outside peak times. Parking outside the door for loading unloading is essential, even if longterm doorstep parking is unavailable.

Think: Location location location!

You really need to do your homework - speak to several local estate agents.

Having just advised someone on purchasing a holiday let, what i found once again, was that all the most ideally located properties fetch a much higher price.

You have to work out the length of the season and determine realistic rates and occupancy. Often the higher asking price is justified as these properties will be much more easily filled. A bigger cheaper property in the wrong street is less likely to yield as much.

As an alternative, a caravan on some grizzly caravan site can yield as much as a property costing 10 times more in a prime location. People like caravans and these are usually situated in tourism hotspots, though not always. This might be a safer option (with boxelder's chapel story and link as a prime example why you shouldn't make a big committment without doing thorough research).

My folks have a holiday let near Loch Ness. When they were getting organised they found the letting agencies quite useful for advice - although they did overestimate the number of lets they'd get initially. Mum also spoke to others locally who had similar properties and got a good idea of how popular they are (or you can look at their online booking forms and see for yourself how busy they are).

It is on a street with 20 houses / wooded chalets, of which 18+ are holiday lets. It has 2 4* and a 3* hotel on the street. It has pub/shop/very popular tourist village. It is bang on the right location / road / village. You can park 10' from the front door.
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It is just 'squeezed in' somewhat. Worst house on nearly the best street...and currently looks a mess. (but easy to sort)

So, would you be bothered about the lack of view or outside space?

all depends on how much you will charge for rental.

all depends on how much you will charge for rental.