Local Homeowners in Prime Position to Profit from the Cheltenham Festival

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The number of homeowners advertising their properties for rent during the Cheltenham Festival has doubled in the past fortnight, according to the UK's only events based accommodation website, EventfulStays.com.

With the Jazz Festival in April and the Food & Drink Festival in June, Cheltenham homeowners are in a prime position to profit from renting out their homes.

As race-goers gear up to descend on Cheltenham for one of the UK’s most popular equestrian events, homeowners living close to the Festival are in a prime position to profit – and they are catching on fast.

EventfulStays.com, the UK’s only events based accommodation website, has reported that the number of properties available in and around Cheltenham has more than doubled in the last fortnight, with over 40 houses, flats and spare rooms, as well as self catering accommodation now available for rent during Gold Cup Week listed on its website, and this number is expected to rise over the next 10 days.

The website enables people living in areas close to sporting and other events to rent out their property for short time periods — a weekend, a few nights, a week or even fortnight — and make a good return with minimum fuss.

With quality accommodation always in short supply in the vicinity of the Cheltenham Festival, and the popularity of the tournament greater than ever, more and more local residents are seeking to cash in, and make some extra income from their properties.

And homeowners can command a premium price during the Festival, making between £600 and £1,400 for the whole four-day race meeting, depending on the number of bedrooms and the quality of the property. In many cases, homeowners are choosing to rent out their properties while holidaying abroad, thereby part-funding the trip.

Camilla Shaughnessy, founder of Evenfulstays.com, comments: “The Cheltenham Festival is one of the biggest sporting events of the year and attendances in 2011 are set to be higher than ever, but at the same time good accommodation is still notoriously difficult to find. With the still very difficult economic times we’re in, renting out your home on a short-term basis around an event such as the Cheltenham Festival can be a great way to generate some extra cash, from several hundred to more than a thousand pounds for just a few days.

“And Cheltenham homeowners aren’t just looking to cash in on race-goers looking for places to stay later this month. With the Jazz Festival in April and the Food & Drink Festival in June, homeowners are in a prime position to profit from renting out their homes.”

EventfulStays.com charges property owners 15% of the rental fee for its managed booking service, considerably less than the 20%–35% charged by many holiday rental companies. It provides plenty of advice to new and existing home-owning users of the service and can additionally offer a full tenant vetting service. In all rentals, a security deposit is taken from tenants ensuring additional peace of mind.

Notes to Editor

For more information, call:
Emily Garnham, Rhizome PR — 07921 680 683 | 020 7851 4757

About Eventfulstays.com

At EventfulStays.com, we believe that finding people perfect accommodation adds to their enjoyment of the event they are attending. This is why we have fast become specialists in giving you a choice of where to stay when attending an event, whether the Royal Wedding, music festivals such as the Proms, or a special occasion such as a family birthday, or an anniversary. However many of you there are and wherever you want to stay, we will make finding your ideal accommodation easy for you. Each one of the homes on our website is carefully selected and always complements the event you have in mind. Furthermore, many of our properties have never been advertised as holiday accommodation before; they are hitherto unknown 'little gems' waiting to be enjoyed!

http://www.eventfulstays.com

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Dominic Hiatt
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