If you are thinking of buying a holiday let, you’re going to want to maximise your investment.
You’re going to want a property in an area that everyone else wants to holiday in. Buying a holiday let is a huge commitment, therefore, it’s important to ensure your investment will generate a considerable income. The biggest factor to consider is the popularity of the area, the more popular the area the more income you can potentially make.
We give you a short guide on buying a holiday let in North Wales as well as a rundown of some of the best places to buy a holiday home in North Wales based off what our customers are looking for.
A Guide to Buying a Holiday Let in Wales
Buying a holiday let in North Wales can be a rewarding investment, but there are key factors to consider ensuring it’s a success.
- Location: North Wales has many beautiful areas, from coastal hotspots like Llandudno and Abersoch to picturesque inland locations near Snowdonia as well as the ever-popular Anglesey. Popular tourist areas tend to have higher demand, so think about accessibility, proximity to attractions, and seasonal appeal.
- Property Type and Condition: Traditional cottages and modern apartments both have appeal but consider the upkeep. Older properties may require more maintenance, while newer ones might come with warranties that reduce costs early on. Think about what will attract your target guests—a modern family-friendly home or a cosy rustic cottage?
- Legal and Planning Requirements: Ensure the property meets local council regulations for holiday lets, as rules vary, and some properties may require special permissions. Check if there are restrictions, especially if you’re considering changes or additions like hot tubs or outdoor spaces, which are popular with guests.
- Facilities and Amenities: Today’s holidaymakers expect a certain level of comfort and convenience. Wi-Fi, parking, a fully equipped kitchen, and outdoor spaces are important, while extras like wood burners, pet-friendly spaces, or views of the countryside or coast can make your property stand out.
- Financial Considerations: Factor in the costs beyond the purchase price, including taxes, insurance, marketing, and property management if you won’t be local. You’ll also need to consider seasonality; occupancy rates might drop in winter, especially in coastal areas. We can also assist with mortgage letters and income projections for your purchase.
- Marketing and Management: Effective marketing can make a difference in occupancy rates. Partnering with established agencies like ourselves can help, as we can offer a wide reach and dedicated support for owners in North Wales.
Investing in a holiday let in North Wales can be highly profitable with the right planning and understanding of local demand, but due diligence and planning will help you maximise returns and avoid common pitfalls.
Best Places to Buy a Holiday Home in North Wales
1. Abersoch
Located on the Llyn Peninsula and top of the list is the popular seaside village of Abersoch. Guests will find golden sandy beaches, internationally recognised sailing waters as well as some stunning coastal scenery. Abersoch is very popular with families and watersports enthusiasts.
2. Rhosneigr
The delightful seaside village of Rhosneigr is known for its long sandy beach and like Pwllheli, its popular watersports scene. Rhosneigr has a great array of eateries and pubs as well as some lovely boutique shops. There are also some beautiful coastal walks to enjoy.
3. Trearddur Bay
If you’re looking for somewhere with sandy beaches, coastal walks and great food and drink on your doorstep, then Trearddur Bay is perfect! Our Trearddur Bay holiday cottages are among our most popular with guests, especially during the summer months. It’s located very close to the A55 which ideal for exploring the rest of Anglesey.
4. Criccieth
Situated on the west coast of the Llyn Peninsula, this traditional seaside town attracts thousands of guests year on year with its beautiful sandy bay, charming high street and of course its main attraction Criccieth Castle. Pwllheli, Porthmadog and Harlech are within reasonable driving distance.
5. Beaumaris
With glorious scenery, picture-postcard architecture and rich history, Beaumaris is one of Anglesey’s most popular visitor destinations. Visitors can stroll the streets of Beaumaris and enjoy some great shopping and fantastic food. You can take a stroll on the village green and onwards down the pier with the Snowdonia mountains and North Wales coastline as a backdrop. A visit to the castle is also a must!
6. Llandudno
The traditional seaside town of Llandudno is Wales’ largest holiday resort. A popular spot for visitors all year round, the seafront is dominated by the promenade and large victorian pier. You’ll find all the traditional attractions here such as the open-air paddling pool on the seafront and Punch and Judy shows on the promenade. Llandudno is also perfectly located if you wanted to visit some of North Wales’ greatest attractions such as Zip World and Adventure Parc Snowdonia.
7. Harlech
Harlech is a seaside town in North Wales, located within the Snowdonia National Park. This historic town features a stunning coastline, heritage and history as well as easy access to Snowdonia National Park as well being within a good driving distance of Criccieth, Pwllheli, Porthmadog and Barmouth.
This list shouldn’t limit your choices, at the end of the day, it’s your choice. If you find the right house, in the right location and present it to a really good standard, it will book. For further tips on letting in North Wales then take a look at our guide to holiday letting in North Wales.
If you want to find out more about holiday letting in North Wales, then do get in touch, we’re always happy to help! From mortgage letters to interior design all the way to your first booking, we’ll be with you every step of the way!
*At the time of publishing (01/06/2024), Menai Holidays has taken all reasonable care to ensure that the information contained in this article is accurate. However, no warranty or representation is given that the information is complete or free from errors or inaccuracies. Customer search data is based on internal data unless stated otherwise.
