Buying a property with a holiday-let barn is a good way to pay for a grander home beyond your means.
Greystones, a renovated Grade-II listed Georgian Cotswold farmhouse is for sale at £1.2 million near Chipping Norton, with a well-established holiday-let business in the ancillary long barn.
Current owners Liam Clogger and Francine Rodrigues rent the barn for holidays, generating between £15,000 and £17,500 a year.
‘This effectively pays for around £300,000 of our mortgage and has allowed us to own a larger property and with greater capital growth potential than otherwise would be the case,’ says Mr Clogger.
The couple let the barn through English Country Cottages, typically expecting about 85% occupancy between April and September, attracting £650 in rentals income per week.
When the barn is vacant, it is used to supplement the main accommodation in the five-bedroom farmhouse for parties and family gatherings.
Greystones is well-located in the village of Churchill, one mile from Kingham railway station (with services to London Paddington), and two-and-a-half miles from Chipping Norton. Banbury is 15 miles and Oxford around 22 miles away.
The property is being sold through www.butlersherborn.co.uk
