_Is 2022 the year you move to one of these properties with ready-made income streams?

With Covid-19 dampening international travel in a year like few others, waterfront and rural domestic getaways boomed, subsequently driving unprecedented demand for second homes and investment properties in the UK's coastal and country towns, villages and beauty spots.

Fuelled by the mass reassessment of lifestyles and pursuit of more space, research published in the Autumn showed that waterfront properties in particular saw strongest demand among those wanting to invest in a dream getaway or to relocate from big cities. 

According to Knight Frank Finance, of the buyers looking for second homes many were keen to create or access an income stream which would allow them to cover or contribute to mortgage costs.

Above: Cornwall was one of the most popular destinations during the summer months when travel restrictions were still in place

“A number of lenders allow you to take the option to rent them for just 90 days a year, which gives homeowners the option of owning a second home while having some of the costs covered by the likes of Airbnb", says Tim Wood of Knight Frank Finance.

Purchasing a property as a second home to rent out for 90 days or less can be covered by a standard residential mortgage with flexible terms.

However, those that wish to rent a property out for more than 90 days must get what’s known as a holiday let mortgage. The latter would require a deposit of 25% of the value of the property compared with a 20% second home mortgage. It's also worth noting that an affordability check on a holiday let will be based on the income the home generates.

“Buying a second home was a big luxury for a lot of people but we’re going to see a lot more of it happening now,” adds Woods. “The flexibility of the finance, plus the new economics of domestic holidays, has provided the certainty a lot of people needed in order to make the dream a reality.”

Specialising in securing attractive financing options for second homes, find out more about Knight Frank Finance.

All of the properties listed below have business/holiday rental opportunities attached to them. Why not find out more, download a brochure or request a viewing?

5-bedroom Cornwall family home with established horticultural business

Guide price: £795,000

A new life in Cornwall will bloom for new owners of Whitehouse - a practical 5-bedroom family home that provides an enviable, pret-a-porter lifestyle through a successful horticulture business coupled with a waterfront position only a few hundred yards above the banks of the Tamar Estuary River on the Devon/Cornwall border.

1-bedroom St Ives holiday home overlooking Porthmeor Beach

Guide price: £895,000

Secure a permanent spot in the heart of one of UK's prettiest Cornish seafront towns - St Ives. This 1-bedroom apartment overlooking Porthmeor is the ideal base from which to enjoy the magical coastal town, providing lots of room for manoeuvre should new owners wish to capitalise on huge demand for this part of the country and explore the option of holiday rental when not in use.

The property is currently rented out for short holidays through an agency and generates a rental income with a gross profit of around £30,000 in a normal year of trading. Financial reports for the last five years are available on request. The apartment is nearly fully booked until the end of 2021.

A group of 4 Cotswolds cottages in Moreton-on-March, Gloucestershire

Guide price: £1,500,000

Rose Walk Cottages a made up of a terrace of 4 individual cottages which are currently run as a very successful holiday letting business. These beautiful Cotswold stone cottages sit in the heart of Upper Oddington moments from Moreton-on-Marsh - one of the prettiest and most popular villages in the perennially crowd-pleasing Cotswolds.

The cottages are estimated to generate a combined gross rental income of approximately £100,000 per annum if made available to holiday let year-round.

8-bedroom home in Stow-on-the-Wold run as a successful B&B

Guide price: £995,000

The Limes is a large Victorian property on the edge of pretty Stow-on-the-Wold sitting in an elevated position on the edge of the Cotswolds town but within walking distance of all of the amenities the town has to offer.

The property has been in the ownership of the same family for many years and is currently run as a successful bed & breakfast which extends to almost 3,400 sq ft.

Accommodation is arranged over three floors and currently provides 6 en suite bedrooms with a further 2 bedrooms and family bathroom on the second floor. The versatile layout could easily provide a number of options for alteration to suit a wide range of buyers including a family who might wish to access an income with ancillary accommodation to let or multigenerational living.

4-8 bedroom West Sussex country home with established vineyard

Guide price: £4,950,000

A remarkable property set in one of the most sought-after positions in prime West Sussex. The property has unrivalled south and south-east facing views over its own land and the South Downs.

There are three dwellings at the property, the main house, a beautiful mill barn and an annexe, giving an incredibly versatile and flexible arrangement, which could be further adapted. The Mill Barn is listed Grade II, presented in beautiful condition and offers over 4,600 square feet of accommodation.

The immediate grounds are a collection of ponds, mature trees, orchard and fields, roughly occupying circa 19.35 acres. The property sits in a magnificent position with unrestricted views over its own land and across 30 miles of quintessential English countryside.

Blackdown Ridge vineyard makes up the remainder of the land. There are around 12.41 acres of vines with the capacity to produce up to 30,000 bottles of still and sparkling wine. Grapes include Sauvignon Blanc, Triomphe and Bacchus.

5-bedroom Georgian farmhouse in Hampshire with cottages and annexe all generating a commercial income

Guide price: £3,500,000

Blendworth Farmhouse has been beautifully restored and renovated by the current owners and has retained a wealth of its original Georgian features along with providing open plan living accommodation.

One of the real highlights of the property is the abundance of ancillary accommodation. The annexe which is attached to the main house has been separated but could easily be re-opened to become additional living space in the main house. The home office benefits from its own front door, entrance lobby and WC, and provides a perfect space away from the main body of the house from which to work in peace.

There are two let cottages along with small business unit, also currently let out, and there is the wonderfully restored and decorated Lavender Cottage used for holiday lets. The property generates a very strong rental income when all cottages are let.

3-bedroom converted chapel in the Somerset village of Wellow, near Bath

No onward chain. Formerly an Ebenezer Chapel dating back to 1869, Chapel House is a unique 3-bedroom, semi-detached former chapel, with beautiful stained glass windows and a pretty courtyard garden at the rear of the property.

As the property is not listed it would be possible to create an access point from the kitchen, subject to obtaining the necessary planning consents. Due to the quirky nature of the property and the beautiful setting it would no doubt generate much interest as an Airbnb rental.

It sits off the main road in Wellow - a pretty village 3 miles south of the city of Bath on the southern edge of the Cotswold Area of Outstanding Natural Beauty.

The Pen-y-Bont Hotel, Tal Y Llyn, Tywyn, Gwynedd

Guide price: £750,000

The ultimate post-pandemic do-over this lakeside property with staggering views in Snowdonia National Park offers exciting opportunities for new owners with vision, gumption and strategy.

Cradled by an emerald fold of lush valley and hugged by a dramatic, hill-pocked landscape, it's a dreamy, dramatic and unspoilt setting for new owners to wake up to, a good place to be on a moody day, with plenty to keep them occupied through extensive business opportunities that come with the sale of this 8-bedroom, family-run hotel.