Buying a Holiday Let Investment (FHL)
Big Skies Estates is the only estate agency to specialise in the sale of second home investment properties that also generate income as holiday cottage businesses (Furnished Holiday Lets or FHL’s). We focus specifically on the North Norfolk coastal area and have successfully marketed properties from Dersingham in the West all the way around to Sea Palling in the East.
We work with second home buyers who are looking to invest in a second home for family use which can also generate a second income from holiday letting; those looking for a second home for private use only; and an increasing number of more investment focused buyers who are interested in particular in the Return On Investment (ROI) that holiday cottage properties can generate.
For many buyers making the dream of a second home on the North Norfolk coast a reality can only be justified if the property can generate some income to offset costs or indeed provide a reasonable Return On Investment (ROI). We understand this and offer a completely unique approach to the marketing of our properties that either currently operate as a holiday let business (Furnished Holiday Let or FHL) or have the potential to be one.
Unlocking Holiday Let Potential
With our unique background in holiday lettings, we can offer an insight from the outset into the either the actual letting history or realistic projected income generation of the properties we bring to market. We include a specific section on Holiday Let Potential in our marketing and we use either actual letting figures or projections of likely income within it.
Often, we can negotiate the sale of holiday let cottages as turn-key properties, including most of the furniture, fixtures and fittings. This means that there is no need to change any existing marketing photographs and helping to ensure a seamless transfer of forward bookings.
We have a great working relationship with all the leading local holiday letting agencies, most notably Norfolk Hideaways, Norfolk Cottages and Barefoot Retreats and work closely with them throughout the sales process for properties that are currently marketed by them and will be staying with them after completion.
Holiday Let Investments
Investing in a property as a Furnished Holiday Let (FHL) is becoming increasingly popular. There are a number of reasons that it is an attractive investment option. These include:
- The likelihood that the property will be in a desirable area and therefore increase in value.
- FHL Businesses can be more attractive from a tax perspective than traditional Buy to Let investments (for more information see our Guide to Furnished Holiday Lettings & Tax from Price Bailey Chartered Accountants)
- The ‘Staycation’ is becoming increasingly popular and is only likely to become more so.
- You can use your holiday home, come to stay and enjoy the area.
Holiday Let Advice
We can also offer a wealth of advice to buyers looking to launch their new purchase as a holiday let, on which agents might suit them best, housekeeping, maintenance, how best to present a holiday cottage and even offer contacts for local trades if you need to make some changes to the cottage.