Property
This is 20 yards away:
https://uk.hotels.com/ho2360110496/cavendish-cottage-matlock-united-kingdom/
It’s virtually identical to this house. According to the Sykes booking website, these are the 7 night prices to book it:
| min | max | Average that month for 7-night stay | ||
| jan | 450 | 450 | 450 | |
| feb | 476 | 476 | 476 | |
| mar | 450 | 776 | 613 | |
| apr | 569 | 776 | 672.5 | |
| may | 595 | 746 | 670.5 | |
| jun | 629 | 834 | 731.5 | |
| jul | 681 | 961 | 821 | |
| aug | 633 | 997 | 815 | |
| sep | 524 | 633 | 578.5 | |
| oct | 491 | 669 | 580 | |
| nov | 451 | 451 | 451 | |
| dec | 451 | 841 | 646 | |
| £625.42 | average over year for 7-night stay |
Occupancy rates are difficult to gauge.
There was some question over whether change of use and planning was required but this property and all the others we have looked at have not had planning applications. These are additionally in the NDR (non-domestic rates) list with a rateable value of circa £2,600 that fall within the 100% relief on business rates. So, no ‘council tax’ will be due on them and the council must have been informed that these are operating as Airbnb etc without raising an issue over planning. This is subject to the 140/70 day rules. We would have a CT liability for the first 140 days however until we had satisfied the 140/70 rules. Thereafter we would submit a proposal to have the property removed from the list and subsequently would get a refund back to the 140 day date (not before that) which would be for the period of 140 days until the proposal was accepted. We’d need to cashflow this until the refund.
General planning doc that is in force for the area is favourable to more tourism overnight stays et https://savematlockforest.org/wp-content/uploads/2024/11/DDDC-Adopted-Local-Plan-2017.pdf see especially pages 104-106.