Last updated on June 21st, 2023
airbnb property for sale Devon City Centre
Devon is a popular haven for nature lovers and foodies. Torquay is one of the best seaside towns in Devon because of its sandy beaches and modern marina, it offers the best eateries in the country.
Currently, there is a variety of new build developments within Devon. Studies reveal that with the right choice over a 3 to 10 year period, it will be likely that you will benefit from significant capital growth and a good rental income return.
.
“The housing market in Devon remains busy. Compared to the last ‘normal’ market of 2019, buyer enquiries are up 31% and mortgage approvals and sales are up by 12% and 11% respectively.”
– Urban and Rural on Devon’s Property Market
If you are interested to invest in a property in Devon where you can maximize profitability, then it’s certainly a must to consider the major things to look out for when buying a property for Airbnb.
While rental arbitrage in the UK is fairly popular and does not require you to purchase a property, it’s still the best to learn about buying a property for Airbnb and making sure that it’s profitable. Primarily, it’s also important to check Airbnb rules in Devon to operate the business without any hesitations.
Before investing in a particular area in Devon, you have to take a look at the top markets and number of listings to set your expectations for success. For instance, Airbnb rental arbitrage in Devon is another option for investors who want to try the market prior to purchasing a property.
In this article, we’ll discuss the metrics in order to gauge the best property investment, specifically when buying a property investment in the UK. This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and monthly revenue, along with some of the most ideal and profitable properties according to their location.
Stoked to learn more about starting an Airbnb business in the UK, particularly in Devon City Centre? Continue reading to learn more!
Is Property Investment Profitable in Devon City Centre?
Since the UK has the fastest-growing property markets across the globe, there is a wide variety of profitable property investments offering higher yields. Using an Airbnb calculator, it was discovered that a 3-bedroom apartment in Devon City Centre can generate an annual revenue of £52,199 with a steady occupancy rate of 73% and a nightly rate of £199.
airbnb property for sale Devon City Centre
Profitable Properties for Sale in Devon, UK
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Here are some of the houses for sale in Plymouth, Devon, along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale Devon
Near Heritage Upholstery & Interiors
Asking Price: £60,000
| GROSS RENTAL YIELD | 22.27% |
| ANNUAL REVENUE | £13,364 |
| CASH ON CASH RETURN | 41.05% |
Union Road, Redvers House Union Road, EX17
2. 1-Bedroom Property for Sale Devon
Near European Dental Laboratory
Asking Price: £57,000
| GROSS RENTAL YIELD | 26.40% |
| ANNUAL REVENUE | £15,784 |
| CASH ON CASH RETURN | 53.43% |
3. 2-Bedroom Property for Sale Devon
Near Games Arena (Computer Store)
Asking Price: £79,250
| GROSS RENTAL YIELD | 25.22% |
| ANNUAL REVENUE | £19,989 |
| CASH ON CASH RETURN | 49.90% |
35 Fore Street, Buckfastleigh, TQ11
4. 3-Bedroom Property for Sale Devon
Near Tikka’s tea Rooms & Bistro
Asking Price: £100,000
| GROSS RENTAL YIELD | 25.52% |
| ANNUAL REVENUE | £25,523 |
| CASH ON CASH RETURN | 50.80% |
5. 4-Bedroom Property for Sale Devon
Near North Road West Dog Park
Asking Price: £150,000
| GROSS RENTAL YIELD | 26.27% |
| ANNUAL REVENUE | £39,403 |
| CASH ON CASH RETURN | 53.04% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Devon such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
