Last updated on June 21st, 2023
airbnb property for sale manchester City Centre
Manchester is known as a city with diverse gastronomy, it offers plenty of exciting options for travelers with various tastes. And let’s not forget, Manchester’s popular for its sporting events and is currently home to two of the world’s leading football clubs!
Manchester is also famous for being the first industrialized city in the world and has grown in both size and renown in recent years, turning into a musical and gastronomically diverse hub.
To begin with, 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 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 Manchester have a 90-day limit to operate a short-term rental without a permit, similar to London. 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 Manchester 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 Manchester City Centre can generate an annual revenue of £57,686 with a steady occupancy rate of 70% and a nightly rate of £228.
airbnb property for sale manchester City Centre
Profitable Properties for Sale in Manchester 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 Manchester City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
Great Horton Road, Great Horton, Bradford BD7
1. Studio-type Property for Sale Manchester
0.8 Miles to Bradford Interchange
Asking Price: £55,000
| GROSS RENTAL YIELD | 25.64% |
| ANNUAL REVENUE | £14,101 |
| CASH ON CASH RETURN | 51.15% |
2. 1-Bedroom Property for Sale Manchester
0.9 miles to Deansgate
Asking Price: £80,000
| GROSS RENTAL YIELD | 24.28% |
| ANNUAL REVENUE | £19,425 |
| CASH ON CASH RETURN | 47.08% |
3. 2-Bedroom Property for Sale Manchester
1.9 miles to Clifton (Manchester)
Asking Price: £94,995
| GROSS RENTAL YIELD | 26.72% |
| ANNUAL REVENUE | £25,383 |
| CASH ON CASH RETURN | 54.39% |
4. 3-Bedroom Property for Sale Manchester
1 miles to Church & Oswaldtwistle
Asking Price: £120,000
| GROSS RENTAL YIELD | 24.85% |
| ANNUAL REVENUE | £29,823 |
| CASH ON CASH RETURN | 48.79% |
Burnley Road, Crawshawbooth, Rossendale BB4
5. 4-Bedroom Property for Sale Manchester
3.9 miles to Accrington
Asking Price: £150,000
| GROSS RENTAL YIELD | 25.57% |
| ANNUAL REVENUE | £38,351 |
| CASH ON CASH RETURN | 50.93% |
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 Manchester 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.
