Thinking of making a buy to let investment? You might want to consider going about it a bit differently – by investing in a beach hut rather than a residential property. The latest figures* reveal that if you're the lucky owner of a beach hut in a prime seaside location, you could be looking at generating more income rental than from a flat in a prime urban location.
The most lucrative beach huts are to be found in the gorgeous seaside area of Mudeford near Christchurch, Dorset. A beach hut there will cost you in the region of £200,000, but the monthly rental income you can generate is as much as an eye-watering £3,800 per month, making a beach hut in this area a better investment than a flat in Kensington.
Other areas in the south of England are also very attractive for potential investors and include Whitstable and Bournemouth. Renting out a beach hut in these areas can yield as much as £1,500 per month. Southwold, Suffolk, and Sandbanks, Poole, are also popular beach hut destinations with great buy-to-let potential.
With staycations on the rise, and British beaches as popular as ever, it's easy to see why beach huts fetch such high rental premiums – guests can't always stay overnight in them (depending on local council rules), but you can't get any closer to the sea than a beach hut and they make the perfect base for a family day out.
*Rental figures collated by letting platform Howsy (opens in new tab)