Here at Sanderson Young our coastal office at Alnwick has seen an incredible uplift in sales of holiday homes to savvy investors wanting a slice of our beautiful Northumberland coastline.
This flourishing market place is in part due to such relevant trends as flexible working and staycation holidaying on the beautiful British coast still being so very much in demand, and as this is expected to persist, so in turn the market continues to respond.
We have seen demand for self-catering staycations positively boom at an unprecedented rate, as holiday makers have shifted from travelling abroad to getaways closer to home that feel easier, safer and are of course less costly.
This has also hugely impacted the attractiveness of holiday letting as an investment opportunity and increased the substantial benefits of having a NE bolthole. Location, as with so many clever purchases, will always be a major factor in maximising returns, and the Northumberland coastline is certainly a factor in why we’ve seen such a boom, with Bamburgh being recently named the best coastal village in The Telegraph’s annual list. We are so lucky to have an abundance of incredible coastal locations, with hotspots such as Bamburgh, Beadnell, Craster, Alnmouth and Warkworth all being highly sought after, with homes in these areas often having multiple viewings and offers.
This, combined with other contributing factors such as affordability in the North, compared with our Southern counterparts, has created an ideal environment for positive potential letting income and revenue. For those thinking of buying a holiday let, you could experience a lucrative return on investment on the Northumberland coast. This can be a useful source of extra income, as long as you do your research carefully and ensure you know all the obligations involved in buying a second property.
There are many considerations such as which locations offer the best amenities, which types of properties are the most popular for holidaymakers, or whether the energy efficiency of the property cuts into a profit margin, which can make finding the right property a lot more complicated than you may first think. After all, a holiday home is no longer just a place to retreat for the summer; it’s a dual-season residence, a restful co-primary home, a golden pension pot or a prospective retirement dream. It may seem obvious but choosing a trusted and reliable management agency is key to the success of a holiday let investment. Finding the right company, for expert advice and support can make all the difference to achieve the best out of your home buying journey.
If you need assistance in buying a holiday home, we would be happy to help. Please contact our Coastal property experts on 01665 600 170. With our wealth of local knowledge and 25 years of experience in the holiday letting market, alongside our huge database of potential buyers and sellers and our extensive marketing we are confident we can make that dream coastal home a reality, however you choose to enjoy it.
Gillian Greaves, Alnwick Branch Manager, gillian.greaves@sandersonyoung.co.uk