With its famous rugged landscapes and popular attractions, the English Lake District is a dream destination for many holidaymakers from the UK and around the world.
This naturally makes it an ideal location for holiday let owners hoping to make a good financial return on their property.
So, owning a holiday let in the Lake District is an investment worth considering, as it can generate steady income year-round if managed correctly.
Related: Holiday Let Occupancy Yearly Averages in The Lake District
How Much Will Your Lake District House Make from Holiday Letting?
“How much will my Lake District house make from holiday letting?” is a vital question to ask when deciding where to invest your time and money.
The actual income you can expect varies widely based on factors such as the size and location of your property, how often it’s let out and how well it is promoted to potential guests.
Ballpark figures for income from a Lake District Holiday let can be anywhere from £20,000 to more than £100,000 per year before expenses and tax.
| Income Aspect | Estimated Value/Impact | Notes |
|---|---|---|
| Annual Income (Before Expenses/Tax) | £20,000–£100,000+ | Varies widely based on property size, location, and occupancy rate |
| Property Size | Higher for larger properties | 4-bedroom cottages can charge more than 2-bedroom cottages; 1-bedroom apartments can still perform well for couples |
| Location | Higher in popular areas | South Lakes (e.g., Windermere, Ambleside) attracts more tourists, increasing rates |
| Occupancy Rate | Higher occupancy, higher income | Percentage of time booked; maximised by marketing, amenities (e.g., hot tubs, pet-friendly) |
Please keep in mind that these figures are estimates; your results may vary.
Actual earnings can vary widely, and operating costs must always be taken into account.
At Laik, we can help advise you on these costs and help you optimise your business to maximise your income.
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To break it down into more detail, potential income from short-term letting primarily depends on:
- The Size of the Property: Generally, the larger your property, and the more people it sleeps, the more you can charge. A 4-bedroom holiday let can attract higher prices than a 2-bedroom cottage.
- Location: Properties in popular tourist areas, or great locations with stunning views, will always fetch higher rates and thus more annual income.
- Quality: The better quality your property is in terms of comfort, style, and furnishing, the more good reviews and repeat guests you will attract. The same goes for your promotional photos, videos, and marketing. The market is very competitive, and people have very high standards. Quality matters!
- Occupancy Rate: This is the percentage of time your property is let out. The more days it’s booked, the higher your income.
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How Can You Increase Revenue From Lake District Letting?
If you want to maximise the income from your holiday let, here are some tips to consider:
- Décor: Creating a cosy and attractive space can leave lasting impressions on guests, leading to repeat bookings and positive reviews. Take a look at some of our properties to get inspiration for standout design and décor that have made some of the Lake District’s top-performing holiday lets.
- Number of Rooms: More rooms generally mean more guests and, consequently, a higher income. But you do need to balance increased size with increased running costs. Some of our best performing holiday lets are beautiful one-bed apartments, perfect for couples and available all year round.
- Sofa Bed: Offering a sofa bed can increase the number of guests your property can accommodate, thereby increasing potential income.
- Dogs: Many holidaymakers love travelling with their pets. Allowing dogs can widen your market, 29% of UK adults have a dog, and because of this, these guests often tend to holiday in the UK.
- Hot Tub: Amenities like hot tubs can significantly increase the appeal of your holiday let. In fact, adding a hot tub can significantly increase the nightly rate, but again, this needs to be balanced with the extra costs of running and maintaining it.
- Patio: A beautiful outdoor space for guests to relax can be a significant draw, especially in the summer months, great for BBQs with family or friends.
- Facilities: The more you can add, the better, log burners, cinema rooms, private parking, EV chargers, etc.
- Flexibility: Fewer restrictions will always be more popular. Not limiting the length of stay, changing over on any day, and accepting kids and pets will boost your revenues because you are open to a broader market. We work closely with our owners to make this easy to achieve.
- Customer service: Amazing customer service ensures amazing reviews, bringing in more bookings. Here at Laik, we take pride in delivering the very best customer service. Check out some of our reviews here…
- Let with us! Partnering with a professional holiday let company like ours can take the stress out of managing your property and help you maximise bookings. As experts in our industry, we tailor our advice to each client and can help our owners create outstanding holiday lets delivering the very best income and margins.
Find out more about our holiday letting services here…
Related: Expenses When Investing in a Lake District Holiday Rental Property
What is the Best Location for Lake District Holiday Lets?
We have managed hundreds of properties, and in our experience, the South Lakes region of the Lake District stands out as the ideal location for holiday lets.
It is home to very popular towns like Windermere and Ambleside, and is known for its stunning lakes and fells.
It receives the most visitors, and that number continues to grow each year.
A holiday let in this area can be a magnet for visitors, leading to more bookings and higher annual occupancy rates.
Related: Where to Invest in a Lake District Holiday Home
Why Work with Laik?
At Laik, we are dedicated to helping you:
- Maximise Your Income and Profit: Our local knowledge and marketing strategies aim to keep your property booked and your income flowing. And if required, our interior design service can help create outstanding holiday lets that guests will want to return to again and again.
- Worry Less: We handle everything from bookings to maintenance, so you can enjoy the income without the headaches of DIY management.
- Forget About Guests: We handle all guest communications and requirements, ensuring they have an unforgettable stay.
- Reap the Rewards of Our Boutique Service: Our bespoke service attends to every detail, delivering a seamless experience for you and your guests.
Related: Buying a Lake District Holiday Property?
Final Notes On Potential Income from Lake District Holiday Letting
The income from a Lake District holiday let can be significant.
The actual amount depends on a range of factors, from the size and location of your property to how it’s managed.
Incorporating thoughtful amenities and partnering with a company like Laik can further boost your earnings and simplify the process.
If you want to transform your Lake District property into a profitable holiday let, please feel free to get in touch today.
