A property investor has acquired England's smallest house (36 square meters, predating the 37 square meter minimum building regulation) and generates profit by renting it out on platforms like Airbnb and Booking.com for nightly stays, targeting contractors and holiday visitors, achieving an average monthly profit of 800 pounds after expenses.
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THIS IS THE SMALLEST HOUSE IN ENGLAND 😮Hinzugefügt:
Is it actually the smallest house in England?
>> [music] >> I believe so, yeah.
>> Really? So, they changed the rules, didn't they? So, Oh, about building houses?
>> Yeah, yeah. They did? And this falls under that. I think the smallest you can build a house is 37 square meters, and this is what? This is 36.
Damn. But, this is like 200 years old.
It is. So, obviously it's okay.
>> So, they were trying to sell it for 145, couldn't sell it, and then what happened? When they realized they couldn't sell it, they tried to rent it.
>> So, they were trying to rent it for how much?
>> 600 pounds a month.
>> [music] >> And they were trying to sell it for 145, >> Yeah. couldn't do either, but you came along and said you'll do both. And then in 4 years, the plan is you'll buy for 145.
>> Yeah. And you're going to save up the money to buy it in the 4 years? Yeah.
[music] This is perfect. You're paying 600 pound a month for this. You're not living here, no? No. So, what how are you making money? Who's living here? So, we rent it out on Airbnb, Booking.com, and do nightly stays.
>> [music] >> We target contractors in the area, people that are just on holiday. The great thing about the area is it's countryside. There is no good season in the summer, but season in the winter, it's all [music] year round.
>> So, how much do you make profit for this on average in an average month? I think our worst month was 800 pounds profit after we'd paid >> [music] >> the rent, the fees, the cleaner, and everything.
>> Damn.
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