Timbo
Member
- Location
- Gods County
Ours will be 20-50 years so if his are high spec they'll be up there.
Definitely worth watching the market. I have worked in the rentals space since it began to really change, around 2010 when Airbnb really started to open the market up and since November I've been analysing the staycation market. It's only going in one direction, this change started back in 2018 and is growing like crazy and obviously booming due to covid. It's not stopping, this is a wave that's rolling on and on. What's great is if you do it right and can bring in the rates and occupancy, you can pay off the cabin quickly and then it's all profit, with our builds and management it takes 14-18 months and you're in the green.
We're looking at under 2yrs payback on the £150k spend