ASK223: Should I turn my flat into a holiday let? PLUS: Will this area benefit from the ripple effect?

This week on Ask Rob & Rob, the guys are answering two great questions on holiday lets and if one certain area could be an up and coming hotspot, following on from the ripple effect.

First up is Claire from Nottingham. She is in the process of moving into a house and has taken 75% equity from her 2-bedroom flat to make the move. 

She’s now wondering if she should keep her flat as a standard buy-to-let property or if she should turn it into a holiday let and list it on the likes of Airbnb. 

Her apartment is located just 10 minutes from Nottingham city centre and she’s tried Airbnb in the past which worked out well for her. So, providing she has regular bookings, she’s wondering if she’d be better off tax wise, to have the property as a holiday let as opposed to a buy-to-let? 

So, will Claire be better off going down the holiday let route? 

The second question comes in from Graham in Leicester. He’s been an avid podcast listener for a while and has now got three properties in his portfolio. 

Graham now has a question on the ripple effect that Rob & Rob discuss quite frequently. He’s heard people talk about the ripple effect of Sheffield and Doncaster, but he wants to know if Rotherham will benefit from Sheffield’s ripple effect? 

Will Rob & Rob give Rotherham the green light?

Tune in to find out...

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