Planning our first BandB rental in September

Wendy1757
Level 1
England, United Kingdom

Planning our first BandB rental in September

My husband and I are retired and want to AirBandB our newly renovated 2 bed terraced house in London for three months starting in September. 
would  be great to start a conversation with anyone in the SE25 area?

3 Replies 3
Mike-And-Jane0
Top Contributor
England, United Kingdom

@Wendy1757 I'm not in SE25 but have you considered

1) The effect on your house insurance - most will not allow Airbnbs

2) The need for a fire risk assessment and, if following government guidelines, the need for linked smoke/heat detectors in most rooms and hallways?

3) The effect on capital gains tax when you come to sell?

I assume you have no mortgage but if you do you'll need their permission as well.

Helen3
Top Contributor
Bristol, United Kingdom

In London you can do STR for up to 90 days. As @Mike-And-Jane0 says there are a number of regulations you need to comply with . And you need STR home insurance .

 

You can look at websites like Airdna to get an idea of supply and demand (London is an increasingly over saturated market)

 

you can join the Airbnb London host group on FB to chat to London hosts . @Wendy1757 

Alex
Community Manager
Community Manager

Hi @Wendy1757

 

I'm happy to read you and your husband are planning to start renting in September. I wish you the best and I'm sue everything is going to go really good. 😁

 

I'm going tag some members to see of they can help you with some tips and advices: @Abi010@Beverley120@Chamitha0

 

Hope this helps and wishing you a lovely weekend, 🙂

Alex