Resource Guide 5 - What Income can I expect with my Cape Town Self Catering Accommodation?

Below is our in house self catering calculator that we use to establish if owner's expectations are reasonable.  

Self catering income calculator

Expecting to make R1.5 per year?

What income can you expect? This is the question! The real question. And the answer depends on a lot of factors. Experience over the last 5 years gave us some insights as to what you can get depending on the features of your home, the location (one beach or not), the luxury finishes, number of bedrooms, the suburbs the owners attitude towards money and guests.

Let's start with Cape Town's major seasons. ​

CAPE TOWN'S THREE MAJOR SEASON


  • High Peak: 15 Dec to 15 Jan - It can from 20 Dec to 10 Jan
  • Winter: 1 May to 30 Sept
  • Summer before and after peak. Summer after peak tends to be more popular than before peak with February the most popular of the summer months with the great weather and events held in Cape Town.

For more on rates read these articles. 

As a very general guideline you can use the number of bedrooms, the suburb and the season to get an idea. The best is to ask for a free rate consultation and we will assist you with our self catering calculator

Remember: The further you move away from Camps Bay and Clifton lower your rate will be. Let's say you have a few homes exactly the same; in Camps Bay or Clifton, City Center, Southern Suburbs and Southern Peninsula.​

SELF CATERING FACTORS & RATE EXAMPLES


  • Suburb Factor: Let say Camps Bay Clifton is 100%. Then the other holiday areas would be 50 to 70%. (NOTE: I am generalising). Let's look at an example: If you can get R10 000 per night in Camps Bay Clifton you will probably look at R5000 for the same house in further away from the Atlantic Seaboard.
  • Seasonality: If high peak rate is 100% then winter would be 33% and summer about 50%. In rand and cents this would mean a Camps Bay home would get, say, R10000 during high peak, R5000 during summer and R3333 during winter.
  • Bedrooms: Camps Bay Clinton can be R4000 to R8000 per night per room during high season. This means about R2000 to R4000 per night during winter. Other areas would be finding it difficult to get R4000 per room during high peak - or rather impossible - except for really fancy homes. Other areas with nice homes could expect more than R2000 per room. (I am not talking about budget homes).

The next post I will share at what income can you expect?

What Others Say

Anna Bucannan Homeowner

Johan and Elmarie Horak (Cape Holidays) have been acting as agent on behalf of Welgelee Luxury Self Catering for the last year. It has been a great success. They are both constantly cheerful and light-hearted and simultaneously ruthlessly efficient and reliable. I have only the highest praise for them and the ethical and straightforward way in which they conduct business.

Alfred  Andrag Homeowner

Always helpful, friendly, fast and very professional.y!

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