Last updated on June 21st, 2023
airbnb property for sale Leeds City Centre
The Leeds City Centre in the UK is filled with vibrant and innovative art galleries. Residents of Leeds in West Yorkshire are known for their local pride. This city boasts its wealth of amenities, great schools, five universities and an unrivaled arts scene. Leeds is rapidly becoming one of the UK’s most sought-after city locations – which is a great sign for property investment!
Are you looking to invest in a property where you can maximize profitability in a particular region? If yes, 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 Leeds is fairly popular and does not require you to purchase a property, it’s still best to learn about buying a property for Airbnb and making sure it’s profitable.
Aside from a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. It’s also good to know that Airbnb rules in Leeds are not too strict. 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 annual revenue, along with some of the most ideal and profitable properties according to their location.
Is Property Investment Profitable in Leeds 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 a short-term rental calculator, it was discovered that a 3-bedroom apartment in Leeds City Centre can generate an annual revenue of £33,030 with a steady occupancy rate of 72% and a nightly rate of £129.
airbnb property for sale Leeds City Centre
Profitable Properties for Sale in Leeds City Centre
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 profitable properties in Leeds City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale Leeds
0.8 miles to Leeds
Asking Price: £40,000
| GROSS RENTAL YIELD | 27.73% |
| ANNUAL REVENUE | £11,092 |
| CASH ON CASH RETURN | 57.42% |
2. 1-Bedroom Property for Sale Leeds
1.5 miles to Burley Park
Asking Price: £90,000
| GROSS RENTAL YIELD | 24.48% |
| ANNUAL REVENUE | £22,029 |
| CASH ON CASH RETURN | 47.66% |
3. 2-Bedroom Property for Sale Leeds
2.5 miles to Cross Gates
Asking Price: £125,000
| GROSS RENTAL YIELD | 24.90% |
| ANNUAL REVENUE | £31,130 |
| CASH ON CASH RETURN | 48.94% |
Ganners Road, Moorside, Leeds LS13
4. 3-Bedroom Property for Sale Leeds
0.6 miles to Kirkstall Forge
Asking Price: £90,000
| GROSS RENTAL YIELD | 24.15% |
| ANNUAL REVENUE | £21,736 |
| CASH ON CASH RETURN | 46.69% |
Market Street, Thornton, Bradford BD13
5. 4-Bedroom Property for Sale Leeds
3.9 Miles to Frizinghall
Asking Price: £100,000
| GROSS RENTAL YIELD | 24.41% |
| ANNUAL REVENUE | £24,414 |
| CASH ON CASH RETURN | 47.47% |
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 Leeds 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 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.
