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The annual holiday letting report from parent company, Sykes Holiday Cottages, has revealed that the Lake District is once again a top location for staycations.
So, if you are considering holiday letting or already have a property take a look at some key insights from the holiday letting outlook report.
Cumbria has always been a top location for UK holidaymakers and this year is no different, with the Lakes is expected to see a strong footfall.
Ambleside has seen a 12% increase in income between 2022 – 2023. Situated a mile or so from the northern tip of Lake Windermere Ambleside is a lively hub for walkers, cyclists and all outdoor lovers.
Another honeypot location that has seen a good increase in income between 2022 – 2023 is Grasmere. This village has also increased in holiday let income by 12%. The quaint village of Grasmere sits centrally in the heart of the Lake District, famous for its gingerbread and the famous poet William Wordsworth.
Grasmere. Image credit: Clare Louise Jackson
So if you’re wondering ‘how much will a Lake District holiday let make?’ Research* from parent company Sykes Holiday Cottages also places Cumbria and the Lake District in the top 3 highest earning regions. Sitting in second place, just behind the Cotswolds, the Lakes has an average earning potential of £28,200 a year for a holiday let.
Two bedroom properties in the Lakes earnt on average £21,300 a year, with 4 bedroom properties earning on average £44,000 per year.
Our dedicated team monitor market demand and adjust pricing accordingly. To ensure your property is let for the best price, we recommend you opt for our Income Maximisation tools, learn more about our pricing options here.
We also look at the industry as a whole, and according to data and analytics provider AirDNA, the top three seasonal periods where income potential is greatest are:
Easter 2024 also saw a record breaking number of bookings.
Adding quality features to your holiday let or ensuring you have maximised the properties potential is key to gaining bookings and improving income.
The top five most searched for features on the Sykes website were:
Top five property types for income:
Below are some key insights from our parent company Sykes Holiday Cottages UK survey and bookings data:
Read more in depth information about our Holiday Letting Outlook Report 2024
To join our community of successful holiday let owners, request your FREE owner pack which will provide you with more information and guide you in the right direction. Call us on 015394 88855 or drop us an email on newowners@lakelovers.co.uk and we’ll get right back to you.
*Data taken from our parent company Sykes Holiday Cottages – data from Sykes Holiday Letting Outlook Report 2024.