August's latest properties
Running Costs
Below is a list of the likely costs that a self-catering property will attract as running costs, though the list is not exhaustive and specific costs will obviously depend on the individual property.
Costs may attract VAT at the relevant rate.
|
Annual Bills |
|
|
Buildings & Contents Insurance |
Varies according to property size, location, history of previous claims etc - estimate £300-£800 |
|
Service Charges and Ground Rent |
According to property |
|
Council tax/business rates |
According to property. For detail on which should be paid see [link to relevant article] |
|
TV licence |
£135 |
|
Utilities (Gas, Electricity, Oil, Water) |
As per property, allow £300-£800 |
|
Gas safety certificate |
Depends on number of appliances being checked. Allow £50-100 |
|
Tourist Board Rating |
£130 |
|
Accountant charges |
£200 |
|
Fire Safety Assessment |
If external review is required then cost is likely to be £150-£200. This is likely to be a one off cost with review if major changes occur to the property |
|
Weekly Costs |
|
|
Window Cleaner |
£10 |
|
Gardener |
£10-20 |
|
Changeover (Cleaner and materials, Laundry, Welcome pack) |
£50-£150 depending on property size |
|
Maintenance & Repair |
|
|
Appliance maintenance |
Provision for £100-£200 per year |
|
Building Maintenance |
Depends on size of property - provision for £500 per year |
|
Furnishing replacement |
Depends on size of property - provision for £500 per year |