Olympics 2012 - renting out your house?

Pay_ALARP

Hi everyone

Now I know it is a long way off but is anyone else thinking about renting out their property when the Olympics arrive? We are 25 mins from London by train and quite close to a main hub airport so we can collect and return people to the airport.

Has anyone else here rented their property out for major events? Was it worth it?

planemad

Only parts of the Olympics are in London.

Some of the events are taking place outside of London and are scattered around - for example the BMX trials are taking place at Hadleigh castle which is approx 35 miles from London.

I don't think you can make much money by renting out property for a very very short period.
Many hotels will be built for people.

When the Olympics were given to London things like accommodation would have been thought about and provisions should have been put into place.

mitchaa

All participating athletes and coaching staff will be housed in 5* hotels surely? Why on earth would they want to be homed in someones 2 up 2 down??

Only spectators will be looking for somewhere to stay and i would imagine half of them at the very least will be British or London based anyway, the other half from all over the world but again i would imagine hotels would be their 1st choice.

Olympics only lasts a few weeks, wouldn't be worth it. London i doubt will run out of hotels

Austin_Allegro

Pay_ALARP wrote: »

Hi everyone

Now I know it is a long way off but is anyone else thinking about renting out their property when the Olympics arrive? We are 25 mins from London by train and quite close to a main hub airport so we can collect and return people to the airport.

Has anyone else here rented their property out for major events? Was it worth it?

I'm confused...is this the Olympics that's going to save the UK economy, make everybody rich and everyone's houses rocket in 'value', or the other one that Londoners will be paying for through their taxes for decades to come while a few developers make a fast buck and disappear?

In London, as far as I know, the only way to make money in this way is if you have a nice house very close to Wimbledon...

penguin83

Apparantly quite a few people round here rented their houses out when the Golf Open was on. It was more the top end houses though if I remember right.

Edit - found a linky for the story at the time x x

Strapped

If you have a nice home near one of the training facilities I would've thought it may be possible.

baileysbattlebus

London will have the facilities for athletes that all other Olympic venues have had - an Olympic village - where the vast majority of the athletes and officials will stay for the duration.

http://www.london2012.com/plans/olympic-park/games-time/the-olympic-village.php

and then there's this

http://www.london2012.com/plans/accommodation/index.php

and for where things are:

http://www.london2012.com/in-your-area/index.php

Mandog

I think there might be money to be made this way! But more likely to get takers if you were in Central or East London I think. Consider people's options:

• one the big hotels in London or round the Olympic venues (already sky-high prices will probably double or treble; booked up anyway for corporate packages and officials)
• a smaller hotel (often very grim; many are in West London)
• a b&b or hotel in an outlying area (long journey in)

Comfortable accommodation and personal service at a fair price might seem quite attractive.

My mother lives in Cheltenham and offers accommodation for the Gold Cup, when every hotel and b&b for 50 miles around is full. Loads of people do the same. OK, OK, Cheltenham isn't London.

I've been thinking about renting my one-bed flat in Hackney during the Olympics - my main reservations are 1) I'm not quite in the heart of the action, though I'll be handy for the new transport links 2) I'd have to actually move out, so there'd be a risk of the place getting damaged or trashed.

Mandog

baileysbattlebus wrote: »

http://www.london2012.com/plans/accommodation/index.php

That page says "A home stay programme for athletes' families will offer visitors an insight into everyday life in the capital.".

The 30,000 beds in student accommodation will make a difference though.

Strapped

It's the training camps where you might get a reasonable return - athletes might want to bring their families / entourage during preparation. List of training venues here:

http://news.bbc.co.uk/sport1/hi/olympics/london_2012/7274547.stm

Mandog

Strapped wrote: »

It's the training camps where you might get a reasonable return - athletes might want to bring their families / entourage during preparation. List of training venues here:

http://news.bbc.co.uk/sport1/hi/olympics/london_2012/7274547.stm

Thanks - amused to see them offering my local Shoreditch park for training for beach volleyball, among other things. Not sure how people used to playing on beautiful beaches will take to practising in a small sandpit that doubles up as an animal toilet.