Recent years have seen a frenzied property market, particularly in coastal locations, with homes by the sea attracting a price premium of at least 17% above the national average according to a Rightmove report. The potential for lucrative returns generated by an unwavering staycation market means investors are continuing to look towards properties like Silverlake’s holiday homes for sale in Dorset, a region identified by Property Reporter as one of the UK’s top ten coastal hotspots.
There are many benefits to adding a UK holiday home to your property portfolio instead of a buying a traditional buy-to-let. The most obvious advantage is that short-term letting brings substantially higher revenue potential than long-term lets. At the height of summer, the weekly rate for a holiday home in Dorset can eclipse the monthly average rental yield from a long-term let. With the holiday season in the UK now stretching longer than ever, the income potential of a Silverlake holiday home is vast.
Renting out your holiday home as a furnished holiday let will be classed as a trade rather than an investment too, meaning you can access numerous tax advantages and benefits. You’ll not only be able to offset the cost of things like furnishing and maintaining the property against your revenue but also mortgage interest and business rates.
If you have been deliberating between investing in a UK holiday home or a property abroad, it’s worth noting that the tax side of things becomes more complex once you leave home soil. While a holiday home abroad might see more sun, it will also see you incur tax liabilities in both the country in which your property is located and here in the UK.
Of course, there are other advantages to investing in a holiday home here over abroad. An ABTA Holiday Habits survey revealed 61% of people are determined to travel more sustainably in the future, with 36% of us planning to fly less. Choosing a holiday home in the UK and using it for your own holidays is a great way to reduce your carbon footprint.
The opportunity to combine a successful business with a chance to offset the cost of your own holidays in the UK is one of the great perks of adding a holiday home to your property portfolio. Holiday homes in Dorset put award-winning beaches, coastal walks and stunning landscapes on your doorstep, so it makes sense that you’ll want to make the most of that yourself. Our luxury Silverlake Estate sits just 2.5 hours away from London by direct train, so you can easily escape city life.
Silverlake properties are designed to appeal to architecturally-minded investors, with award-winning designs built from naturally sourced materials, chosen to blend effortlessly into the lakeside habitat. Sustainable additions such as air source heat pumps and EV charging ports future-proof the properties with eco-credentials that have become increasingly important to both holiday homeowners and their guests.
Beyond the substantial financial rewards of adding a Silverlake property to your investment portfolio sit the obvious lifestyle benefits for you, your family and friends; set a stone’s throw from the idyllic Jurassic Coast and surrounded by lakes and luxury onsite facilities, the country Estate promises a chance to reconnect with the great outdoors and lakeside living at its finest.