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Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Leicester City Centre

Leicester is rich in culture and famed for diversity, making it feel like the world is on your doorstep. The city is home to one of the biggest celebrations of Diwali outside of India, centered on the city’s Golden Mile, named after the vast number of traditional Indian jewelry shops, boutiques and restaurants. To sum it up, Leicester has all the hallmarks of a great location to invest in property. 

Before deciding to purchase a property in Nottingham, it’s certainly important to consider the major costs and revenue. While rental arbitrage in Leicester is fairly popular and does not require you to purchase a property, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. It’s also good to know that Airbnb rules in Leicester are not too strict, although a permit to sublet a property is required. 

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. In this article, we’ll discuss the metrics in order to gauge the best property investment in Leicester, which is an important step when buying a property investment in the UK

This includes the best website recommendations for property investment, 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? Continue reading to learn more!

Is Property Investment Profitable in Leicester 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 Leicester City Centre can generate an annual revenue of £15,019 with a steady occupancy rate of 50% and a nightly rate of £94.

airbnb property for sale Leicester City Centre

Profitable Properties for Sale in Leicester 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. Check out the newly built home properties in Leicester City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale Leicester City Centre
airbnb property for sale Leicester City Centre

Rutland House, Rutland Street, Leicester

1. Studio-type Property for Sale Leicester
0.2 mile walk to Leicester Station

Asking Price: £55,000

GROSS RENTAL YIELD 24.81%
ANNUAL REVENUE £13,647
CASH ON CASH RETURN 48.67%
airbnb property for sale Leicester City Centre
airbnb property for sale Leicester City Centre

Tudor Studios, Tudor Road, Leicester LE3

2. 1-Bedroom Property for Sale Leicester
0.3 miles to Fosse Primary School

Asking Price: £40,000

GROSS RENTAL YIELD 29.57%
ANNUAL REVENUE £11,828
CASH ON CASH RETURN 62.94%
airbnb property for sale Leicester City Centre
airbnb property for sale Leicester City Centre

Marlborough Place, 1 Duke St, City Centre, Leicester LE1

3. 2-Bedroom Property for Sale Leicester
0.2 miles to The Children’s Hospital School (SEN)

Asking Price: £100,000

GROSS RENTAL YIELD 25.10%
ANNUAL REVENUE £11,828
CASH ON CASH RETURN 49.52%
3-Bedroom Property for Sale Leicester
3-Bedroom Property for Sale Leicester

Saxelby Road, Asfordby, Melton Mowbray LE14

4. 3-Bedroom Property for Sale Leicester
0 miles Captains Close Primary School

Asking Price: £75,000

GROSS RENTAL YIELD 25.86%
ANNUAL REVENUE £19,394
CASH ON CASH RETURN 51.81%
4-Bedroom Property for Sale Leicester
4-Bedroom Property for Sale Leicester

Greenlawns, 75 St. Marks Road, Tipton, West Midlands DY4

5. 4-Bedroom Property for Sale Leicester
1 miles to Tipton

Asking Price: £39,000

GROSS RENTAL YIELD 18.84%
ANNUAL REVENUE £7,348
CASH ON CASH RETURN 30.76%

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 Leicester 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.

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