FOCUS ON: RENTING OUT YOUR HOLIDAY HOME
SUNSET VILLA, MYKONOS, GREECE
Price: €2.2m
This clean, white villa in the town of Mykonos has five bedrooms, six bathrooms and a wide terrace overlooking its large swimming pool. It is available fully-furnished and boasts a beautiful sunset view over the Aegean sea. The popular town of Mykonos is easily accessible with its active nightlife. It can be leased out during the high season for €9,000 per week.
Contact: +30 22890 24797 www.beauchamp.gr
VILLAS OR APARTMENTS, MADEIRA, PORTUGAL
Price: €700,000-€900,000
This cliff-top villa, pictured, forms part of the Palheiro Estate in Madeira, Portugal, centred around an 18th century hunting lodge. The estate offers residents use of the only private golf course on the island and the option to make use of all hotel services – as well as being conveniently close to the estate hotel’s excellent restaurant. Properties rented out for 10-12 weeks a year cover their own costs, while, with 50 per cent occupancy, the annual return on investment should be around 2-3 per cent per cent.
Contact: www.palheiroestate.com
SWAHILI VILLA, LAMU, KENYA
Price: £1.2m
This beautiful Swahili villa is literally right on Lamu Island’s gorgeous beach, with clear sand running for miles from its doorstep. It comes with a boat, boat house and staff accommodation. The current owner rents it out for a third of the year just to pay for costs, but it could easily make a profit. It generates €2,600 per night for 10 people during the high season and a minimum of €560 per night for two people in the low season.
Contact: 020 7349 5100. www.aylesford.com