Property: 8 homes that earn their keep

railway cabin converted into an airbnb
With a little ingenuity, many of us can find ways to make money from our homes.

Now that the reality of pricier mortgage payments and energy bills has sunk in, our homes are feeling more like money pits than ever. But home ownership doesn’t have to be a one-way street as you may be able to generate income from renting out a room or other space you don’t need. Or if you’re planning to move, how about finding somewhere with earning potential? These properties are a great place to start and all on the market now.

1. St Mabyn, Cornwall, £525,000

stone cottage
This lovely property in Cornwall comes with a home office in the garden that could be rented out.

This stone-built semi-detached cottage is packed with character and in a traditional village with a pub, shop, post office and 15th century church, just 20 minutes from the north Cornish coast. As well as three bedrooms, two bathrooms, an open plan kitchen/dining room with a wood burning stove and a separate living room with original wood and flagstone flooring, there’s a detached studio in the garden that’s ripe for renting out as an office. Contact John Bray Estates.

2. Kimbolton, Cambridgeshire, £675,000

Shop front
This property comes with a shop.

Anyone thinking about a change in lifestyle should take a look at this versatile property, comprising spacious accommodation above a thriving gift and homeware shop which could be sold as a going concern. It’s centrally positioned on the historic high street and contains two retail units, a two-bedroom flat that’s been upgraded by the current owner, three additional ground floor rooms and a paved courtyard. Get in touch with Peter Lane & Partners.

3. Inverkeithing, North Queensferry, Fife, offers over £699,950

waterside property in Inverkeith
This property comes with an annexe that could earn it's new owners £20,000 a year as a holiday let.

Along with uninterrupted views of all three Forth bridges, this contemporary and eco-friendly waterfront house has four bedrooms, two bathrooms, a spacious sitting room, an open plan kitchen/breakfast room, a dining room, a garden, a car port with an electric vehicle charger and a detached one-bedroom studio at the side. Complete with central heating and double glazing, the studio can be utilised as a premium holiday let, generating over £20,000 per year. Through Stevenson Marshall via ESPC.

Read more: 8 spooky homes for sale

4. Moor Monkton, North Yorkshire, offers over £950,000

The new owners of this property could run a variety of small businesses on the land, and rent out some of the outbuildings.

Dating from the 1880s and believed to have been built as a rectory, five-bedroom Turnbridge House is a 20 minute drive from York and comes with nearly five acres of land and outbuildings, providing various money-making opportunities. The current owners have run it as a smallholding, and a railway carriage at the back has been tastefully transformed into a one-of-a-kind holiday cottage. A self-contained studio with its own entrance, converted from the integral garage, would make a cosy Airbnb. From Blenkin & Co.

5. Llantilio Pertholey, Abergavenny, Monmouthshire, £950,000

This property comes with a variety of outbuildings which are ripe for conversion.
This property comes with a variety of outbuildings which are ripe for conversion.

New Court Farmhouse lies in an idyllic setting, encircled by farmland and with mountain views in all directions. Owned by the same family for 100 years, it consists of a modernised 17th century, seven-bedroom house with plenty of intact period features, a craft centre and a detached outbuilding, grouped around a courtyard. The craft centre and outbuilding could be converted into holiday cottages or offices – subject to planning permission being granted – and the garden’s large enough for a section to be used as a paddock. Find out more from Knight Frank.

6. Slimbridge, Gloucestershire, offers over £1m

Or you could buy an existing B&B.
Or you could buy an existing B&B.

If you’re a dab hand at rustling up a full English, now’s your chance to profit while living the rural dream, as Georgian, Grade II listed Churchend Farmhouse is a successful B&B. With seven bedrooms, four bathrooms, a kitchen/breakfast room, dining room, sitting room, snug and family room arranged over three storeys, there’s more than enough room to accommodate several guests at a time, and Slimbridge Wetland Centre, Berkeley Castle and Cattle Country Farm Park are all nearby. Via Murrays.

Read more: 8 stamp duty-free homes for first-time buyers

7. Golant, Fowey, Cornwall, offers over £2m

This property includes a recording studio which has been used by some of Britain's greatest musicians over the years.

Snap up The Old Sawmills and you could be rubbing shoulders with the stars as it has its own recording studio which has hosted Oasis, The Stone Roses, Robert Plant and Supergrass, to name but a few. The seven-bedroom house, on the market for the first time since 1974, offers complete seclusion as it’s in a tidal creek on the banks of the River Fowey, surrounded by private woodland and only accessible by boat or on foot. It’s said to have inspired Kenneth Grahame – a regular visitor to the area – to write The Wind in the Willows. For further info, Strutt & Parker.

8. Darley Dale, Matlock, Derbyshire, offers over £4m

This 30 acre estate presents a wealth of opportunities to the savvy entrepreneur.

Investment, imagination and a business brain are required to get the commercial opportunities at Stancliffe Hall off the ground, but once up and running, this 30 acre estate could become a cash cow. On the edge of the Peak District, it includes a Grade II listed 13-bedroom house, a gym, pool, spa and steam room, a wooden chapel with a wedding licence, a commercial wing containing a banqueting suite, kitchen, a Victorian billiards room and cocktail bar, and an array of offices and outbuildings. Through Fine & Country.

Watch: How much money do I need to buy a house?