Is Buying A Holiday Home A Good Investment? | Cornwall Holiday Homes

If holiday home ownership has always been your dream, but you’re worried about affordability, you may want to consider the extra income you could earn from letting it out when you’re not there.

Of course, when it comes to letting potential, not all holiday homes are created equal. You want somewhere that is unquestioningly appealing to tourists, whether that’s location, facilities, or both! And because it’s for your enjoyment too, you also want somewhere that you want to be.

This is why Cornwall has become such a hotspot for holiday home ownership. As one of the UK’s most popular holiday destinations, savvy holiday home owners are turning their much-loved holiday homes into a regular source of income, often without having to lift a finger.

Idyllically located on the North Cornish Coast, we at Gwel an Mor understand the importance of creating the ideal environment for both owners and the people they let their property to. In this article, we answer some of the common questions around why a holiday home purchase is a good long term investment…

Short term letting = higher potential income

Short term lets are the most profitable way to increase your income when owning a holiday home. With Cornwall being so appealing to tourists and holidaymakers, you can rent your holiday home to guests from as little as one night to many weeks at a time.

At Gwel an Mor, you have the opportunity to let your holiday home out for the entire year, which means your potential income, if you take full advantage of it, is quite high. In fact, our figures for last year’s owners averaged a gross income of £36,500, and during peak periods we can let your holiday home out for up to £2,900 a week.

Maximising your income

Purchase a holiday home with a hot tub – The pièce de resistance for any letting guest has to be an outdoor hot tub, and with many holidaymakers now searching specifically for ‘Hot tub holidays’ on search engines, it’s no wonder that they command a higher tariff.
Furnish to the highest specification – There’s no doubt that luxurious interiors demand the highest letting fees. From air conditioning, to state-of-the-art kitchen appliances, underfloor heating and patio doors onto your sundeck, there are many options to add the luxury that guests crave.

What is the resale value of Cornish holiday homes?

Considering the beautiful surroundings and luxurious holiday homes, it’s no surprise many of our owners keep their holiday home indefinitely, Gwel an Mor creates the most idyllic setting for owners to enjoy in their own time, whilst also providing the perfect opportunity to let it out. However, if your circumstances change and selling your Cornish holiday home is your chosen option, you can rest assured that the resale value shouldn’t be a concern…

Unlike a static caravan or lodge, the holiday homes available to buy at Gwel an Mor have capital appreciation potential. Between the end of June 2012 and the end of June 2022, property prices on average grew by 4.0% per year in Cornwall*. These stats are a testament to the growing property market in Cornwall.

Find out more about owning a holiday home in Cornwall >>

Why choose Cornwall when looking to buy a holiday home?

The demand for staycations is rising

Cornwall has consistently topped the charts for the UK’s most popular holiday destination, and with the demand for staycations rising, it’s not looking at slowing down anytime soon. With airlines cancelling flights at the drop of a hat and soaring temperatures in Europe, the uncertainty around abroad holidays has forced more UK holidaymakers to opt for local breaks. With this in mind, there will always be a plethora of tourists looking for the ideal location to call base during their holiday.

The opportunity to discover the hidden gems

As an owner of a holiday home in Cornwall, you are also making an investment in your lifestyle. You can take off your holidaymaker hat and immerse yourself in the stunning sights and sounds that Cornwall has to offer. Live like a Cornish local in your home-from-home and discover the hidden gems that are truly unspoilt (we won’t tell the tourists if you don’t!).

There’s a coastline for miles…

With Cornwall boasting the longest coastline in the UK stretching over 400 miles, you’ll have plenty of choice. Whether it’s spending the day at the beach, or a fish and chip supper during sunset, Cornwall provides the perfect destination all year round.

Benefits of Premier Letting with Gwel an Mor

Hassle-free letting – When letting your holiday home through Gwel an Mor, we take care of everything with our Premier Letting service. From advertising to bookings and cleaning, you’ll have peace of mind knowing that everything is taken care of, so your guests can relax the moment they walk through the door and you can put your feet up with the comfort that it’s all in hand.
Earn up to £36,500 per year – In 2022, the average gross income of owners at Gwel an Mor was £36,500, giving them regular income plus plenty of time to enjoy their holiday home for themselves.
You and your guests are getting more than just a holiday home – They are getting a way of life; whether their stay is long or short term, they’ll have unlimited access to all the amenities and facilities at Gwel an Mor. From the rejuvenating Wellbeing Spa, relaxing indoor pool or al fresco dining at The Terrace Restaurant, there’s so much to offer.

Click here to learn more about Premier Letting at Gwel an Mor

Enquire about holiday home ownership

With all these benefits and huge investment potential, it’s no surprise so many people are opting for holiday homes in Cornwall over other locations across the UK or abroad. Whilst it’s obviously a huge commitment, with the right support and advice, it’s an extremely exciting time and a huge accomplishment when you finally get those keys. Whether you’re paying for your holiday home outright or taking out a mortgage, there are many options allowing you to complete on your dream Cornish holiday home.

We would love to hear from you to begin your journey, so get in touch with our Owners’ Team to arrange a VIP tour.

Your VIP tour will allow you to live like an owner for the day! Experience the luxury of Gwel an Mor, immerse yourself in the local area and explore the wealth of on-park facilities we have to offer as well as viewing the lodges we have available to purchase.

Click here to book a VIP tour or give us a call on 01209 844137.

References

* [1] *The income figure of up to £36,500 per year is based on the average gross income of Owners at Gwel an Mor in 2022 before annual running cost deductions. Income will vary depending on the date of purchase, demand and number of bookings during the holiday season. Cove UK does not guarantee this income.

[1] This profit figure is based on a standard 7-night holiday in a 3-bed lodge in August and does

not take into account additional incurred costs from external billing, i.e. electric etc The profit

generated may be higher than this based on demand, but not guaranteed.