How many weeks rental income is reasonable to expect ?

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This topic contains 8 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 3 months ago.

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  • #52126
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi all,

    All things being equal in my estimation of IBI, community fees, electric etc I would hope I could cover these costs through rental income. I certainly dont expect anything toward the mortgage interest/capital.

    However, reading about how bad the holiday letting market are my expectations of that even reasonable ?

    I was hoping to get an income of £2200 per year from a NET weekly rent ( after cleaning fees ) of £200 to £250.

    The house is a 2 bed townhouse at Roda. So it is next to the new golf course which is OPEN NOW !!, 5 km from San Javier airport ( I measured it myself ) and less than 3km to the beach at Los Narejos which I think is a lovely little beach personally.

    I would be grateful for any advice.

    Thanks
    Mark

  • #64880
    Profile photo of Anonymous
    Anonymous
    Participant

    Mark

    I have PM you with an owners site renting his apartment who seems to do very well.

    One other site which seems to be very good regarding renting holiday homes is http://www.laymyhat.com/ where you may find more information than this forum can provide

    Hope this helps

    Paul

  • #64680
    Profile photo of Anonymous
    Anonymous
    Participant

    Mark

    I have PM you with an owners site renting his apartment who seems to do very well.

    One other site which seems to be very good regarding renting holiday homes is http://www.laymyhat.com/ where you may find more information than this forum can provide

    Hope this helps

    Paul

  • #64945
    Profile photo of Anonymous
    Anonymous
    Participant

    I get about 25 weeks rented out each year. There are only 2 determinants of success: location and price. I price at the lowest end of the market. Those who price at the highest end let out for 8 weeks at best. Take a look at the rental websites and analyse the availability calendars. I net, after spanish tax and cleaning etc, about 4% – 5% on my purchase costs of 3 years ago. If current (advertised prices) were applied I would not get a net yield of more than 3.5%.

  • #64745
    Profile photo of Anonymous
    Anonymous
    Participant

    I get about 25 weeks rented out each year. There are only 2 determinants of success: location and price. I price at the lowest end of the market. Those who price at the highest end let out for 8 weeks at best. Take a look at the rental websites and analyse the availability calendars. I net, after spanish tax and cleaning etc, about 4% – 5% on my purchase costs of 3 years ago. If current (advertised prices) were applied I would not get a net yield of more than 3.5%.

  • #64947
    Profile photo of katy
    katy
    Spectator

    Looking at owners websites is not always indicative of its success a lot of the reserved weeks can be the owners block bookings for the year. In an area where there is a lot of new developments consider yourself lucky if you get 8 weeks.

  • #64747
    Profile photo of katy
    katy
    Spectator

    Looking at owners websites is not always indicative of its success a lot of the reserved weeks can be the owners block bookings for the year. In an area where there is a lot of new developments consider yourself lucky if you get 8 weeks.

  • #64948
    Profile photo of Anonymous
    Anonymous
    Participant

    Looking at owners websites is the best indication you can get. Yes owners’ booking is a probable problem but so what? When you’re an owner you will use it for a few weeks each year and you have to price in the value of your weeks to get your real return.

    Like i say i’m in a fairly well developed area and get about 25 weeks a year. Price it right and you’ll get the weeks. Price it wrong and you may get a few weeks in summer. Mine is one of those ‘oversupplied’ 2 bedroom apartments – but i still make more (admittedly not much more) than money in a building society.

  • #64748
    Profile photo of Anonymous
    Anonymous
    Participant

    Looking at owners websites is the best indication you can get. Yes owners’ booking is a probable problem but so what? When you’re an owner you will use it for a few weeks each year and you have to price in the value of your weeks to get your real return.

    Like i say i’m in a fairly well developed area and get about 25 weeks a year. Price it right and you’ll get the weeks. Price it wrong and you may get a few weeks in summer. Mine is one of those ‘oversupplied’ 2 bedroom apartments – but i still make more (admittedly not much more) than money in a building society.

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