Rough Income from a Cheap Chalet (£500-600wk at peak)
Posted: Sat Feb 13, 2021 10:54 am
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.
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.