Owning a holiday cottage and letting it out can be a financially rewarding venture. But with all things, it...
If you are thinking of investing in a holiday home in 2020, there is much to consider. We spoke with Theo Spink, Salcombe Branch Manager of Luscombe Maye, one of the leading local estate agents, for her thoughts on buying the perfect holiday property in Salcombe.
The South Hams has always attracted strong interest from families, and here at Luscombe Maye in Salcombe we find we are often asked for larger homes so that owners can have numerous family members to stay. These larger holiday homes also satisfy the high demand for spacious cottages accommodating multigenerational families and bigger groups, which helps towards the costs of running a substantial property.
Top of the list is a good number of bedrooms with an appropriate proportion of bathrooms – all important so there is no queue for the shower in the mornings or indeed when returning from the beach after a long day in or on the sea. Next comes reception areas – ideally it would be good to have more than one space to accommodate the various age ranges within families – not only for babies and toddlers, but also for independent teenagers! A good-sized eating area is imperative – meal times on holiday are traditionally very communal – and therefore a large table either inside or outside on a patio is essential.
Buyers and holidaymakers also look for additional niceties such as a separate cloakroom and a utility room – there is always pressure for space for sandy shoes, wet suits and dogs. As far as outside space is concerned, for larger properties it is vital to have a good patio area where the order of the day is a ‘gin and tonic’ space… an ideal spot for an early evening barbecue, often with additional friends – so again, as much room as possible for this al-fresco lifestyle. Then there is the age-old issue of parking. Whilst it can be troublesome in Salcombe, in fact sometimes it is the least important aspect, as families tend to stay in town and enjoy the beaches and the boating facilities, bars and restaurants, rather than needing access to their car on a daily basis. Of course, parking is preferable but it is not always top of the list so don’t panic if there isn’t any. Just use the carparks and enjoy being car-free for a week or two!
Once you have your list of essential requirements, come to see us on Island Street – just two doors down from Coast & Country Cottages – and we will do our best to match you to your perfect holiday home or rental. Between the two of us we can make your dreams come true!
If you are interested in buying a property in Salcombe, read our comprehensive blog ‘What to know when buying a holiday home in Salcombe’. Or, for more information on the cost of running a holiday let, click here.
Visit our ‘let your cottage’ page to request our free Owners Guide.