Known for its nightlife and friendly locals, Newcastle is a beautiful city to visit. The iconic Angel of the North sculpture has prices that are significantly lower than those seen in London, plus rental growth and capital appreciation forecast almost in line with top regional property hotspots. Undoubtedly, Newcastle has emerged as an ideal location for profitable investment.
When looking for a property for Airbnb in Newcastle, you should not only look at its close proximity to major tourist areas but also determine its potential profitability. It’s also good to know that Airbnb rules in Newcastle are not too strict. In this article, we’ll discuss the metrics in order to gauge the best property investment in Newcastle, which is an important step when buying a property investment in the UK.
This includes the best website recommendations for property investment, each property’s 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 Newcastle 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 2-bedroom apartment in Newcastle City Centre can generate an annual revenue of £18,761 with a steady occupancy rate of 56% and a nightly rate of £219.
Profitable Properties for Sale in Newcastle 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 new housing properties in Newcastle City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale Newcastle
1.4 miles to Blaydon
Asking Price: £29,950
|GROSS RENTAL YIELD||17.12%|
|CASH ON CASH RETURN||25.58%|
2. 1-Bedroom Property for Sale Newcastle
2.7 Miles to Pegswood
Asking Price: £78,000
|GROSS RENTAL YIELD||20.84%|
|CASH ON CASH RETURN||36.76%|
3. 2-Bedroom Property for Sale Newcastle
0.3 miles to Forest Hall Primary School
Asking Price: £85,000
|GROSS RENTAL YIELD||25.05%|
|CASH ON CASH RETURN||49.39%|
4. 3-Bedroom Property for Sale Newcastle
3.1 miles to Cramlington
Asking Price: £80,000
|GROSS RENTAL YIELD||22.17%|
|CASH ON CASH RETURN||40.73%|
|GROSS RENTAL YIELD||26.14%|
|CASH ON CASH RETURN||52.64%|
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 Newcastle 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.
Robyn is a passionate content writer about short-term rentals and is dedicated to research & sharing property investment strategies and analysis worldwide. She is a graduate of Alliance Française de Manille, a songwriter, an animal advocate, and an avid fan of The Beatles since birth.