Earnings from Home

- Wed 28 May 2014

One mention of alcohol and I had four work colleagues pester me about my brother’s vineyard in Winkleigh, which I mentioned in my previous blog a fortnight ago. Now, whether property agents are more susceptible to alcohol consumption on account of their staff, colleagues, managers or dealing with members of the public, I would not want to hazard a guess, but it was clear that this was of greater interest to my colleagues than the coffee shops, which the article was meant to be about !

In any case, back to my vineyard – the owning brother also has a caravan site close to the vineyard and is considering putting yurts in a far corner to rent out in the summer. He was inspired by the programme, ‘A place in the country’, which featured a home with yurts on site for sale. It showed the different types of construction of yurts and their price range and he was led to believe it was very popular and a great income generator. This type of ‘posh camping’, or ‘Glamping’ as it can be known is not for a man like myself who embraces the outdoor life in Bear Grylls style (well in my dreams), but I can see it would rather suit my wife.

Either way, there is no doubt that the idea of a home and income is very appealing to many people. Firstly, of course, there is attraction of additional income. This may permit some to give up their job altogether and embrace that ‘lifestyle change’ for which many hanker. I have friends in North Devon who run a very successful and profitable business, surrounded by one bedroom holiday units. They say that the degree to which you look to maximise the earning potential is usually governed by the size of your mortgage or expenditure, but, in their experience, it is certainly not for someone who is seeking a quiet life. The best owners are ones that relish meeting new people and are actively interested in members of the public – so you can see why it would suit many estate agents.

The owner’s involvement depends on the number and size of units available. It would be usual to have occupation of a main house with the letting units in close proximity. One example of this type of property that we currently have for sale at Bradleys is an existing multi award winning, luxury holiday hamlet comprising a Grade II Listed 4 Bed Farmhouse and five "boutique style" luxury barn conversions offering 5* contemporary accommodation. Two of the barns have residential dwelling use and the other three are holiday lets, with excellent income. The properties are all set in approximately 6 acres and for sale at £1,450,000 freehold.

Alternatively, we offer a different type of lifestyle change, with a brand new oak framed 3 bedroom eco manager’s home overlooking lake and the freehold of a holiday park. Within the park are 28 leasehold holiday homes all set within approximately 4 acres. Income is generated from service & maintenance charges with huge potential to increase. We have other examples of homes with income and I would suggest that you visit our website for further details.

The sale prices and style of properties range enormously, but if you would like further details on either of the properties mentioned, or others that we have, or simply want to discuss a property that you may have that generates income, why not call our Commercial and Investment Department on 01392 432346.

Jonathan McKinnel - Head of Commercial and Investment Property

Jonathan McKinnel
Head of Commercial and Investment Property

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