Move over Cornwall! The picturesque Northumbrian village tops the chart for the UK’s fastest growing holiday returns… so how well did your favorite holiday spot do?

A quiet seaside town in Northumbria has left long-time rival holiday destinations such as Cornwall in the rear-view mirror as Britons rush north to rent holiday homes amid rising rental profits in the region.

Seahouses in Northumberland, which is on England’s north-east coast, was revealed as the town where holiday rental owners saw the biggest increase in rental profits, up by more than a third.

Analysis by Sykes Holiday Cottages found that rental owners in Northumberland saw a four-fold increase in profits last year compared to the previous year than in Cornwall, which saw an increase of just eight per cent.

It found that the top four increases in rental profits over the past year were all in Northumberland, closely followed by two locations in Cumbria.

In Seahouses, which is in the Northumberland Coast National Landscapes area, rental income increased by 36% to £29,700 a year.

In second place was Bamburgh which grew by 25 per cent, Alnwick by 19 per cent and Alnmouth by 17 per cent.

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In Cumbria, Ambleside saw a 12 per cent increase, equal to Grasmere, also in Cumbria.

Rounding out the top 10 were Betws-y-Coed in Conwy, Bridlington in the East Riding of Yorkshire and Beadnell in Northumberland.

In tenth place is Loee, in Cornwall, which registered an increase of eight percent.

Head of Visit Northumberland, Andrew Fox, told the Telegraph: “It’s great to see demand and returns for holiday cottages thriving in so many different areas of Northumberland, reflecting the growing interest in the amazing attractions, places and experiences available in the county .

“Northumberland offers an excellent opportunity for property owners, whether based on our stunning coastline, in our peaceful countryside or in the heart of our traditional towns and villages.”

He believes the rising profits for rental owners are being driven by an increase in tourism, with many Britons looking for cheaper holidays that avoid the hassle of traveling abroad.

According to Sykes, the average British homeowner receives an income of £24,500 each year.

Graham Donoghue, of Sykes Holiday Cottages, said: “With a wide range of things for travelers to see and do in Northumberland – including easy access to a national park and beaches – it’s no surprise to see that holiday home owners vacations experience a as a result, a significant increase in bookings and annual revenue.

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It comes after figures from earlier this year showed that Cornwall remains the most profitable region for holiday lets, with an average price of £84 for a room and £117 for a whole house.

A total of 476,910 bookings were made through popular holiday rental companies in the area last summer, according to analysis of Office for National Statistics data by money website Wealth of Geeks.

The problem of holiday lettings is a scourge spreading across the UK, with some areas resorting to drastic measures to prevent second-home owners from driving up house prices.

In Narberth, locals are trying to stop tourists pushing them out of town, with a developer refusing to sell houses to foreigners.

Charles Salmon, 67, is behind the recent housing development and is keen to use the land for the benefit of the close-knit local community.

Mr Salmon, who grew up in the town, said: “It will be a check arrangement – I’m trying to keep it for the locals.

“They may have to sign something to say they are truly local and the homes will not be used as vacation rentals.”

And in Whitby, North Yorkshire, the local council doubled the council tax on second homes.