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

Last updated on November 28th, 2022

airbnb property for sale norfolk City Centre

Norfolk is known for its famous man-made Broads with over 125 miles of navigable lock-free waterways set in beautiful countryside and picturesque towns and villages.

This city has tremendous opportunities for growth and has become an emerging market for residential real estate over the past couple of years. High rental demand and affordable rates of living in Norfolk are the main factors driving up real estate demand in the area. 

If you are interested to invest in a property in Norfolk 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 Norfolk to operate the business without any hesitations.

There are certain locations in Norfolk that are always popular with students due to easy access to the university – highly recommended for doing Airbnb rental arbitrage in Norfolk! For instance, the South West is the location of the University of East Anglia, Norfolk and Norwich University Hospital, and Norwich Research Park. This area encompasses Mount Pleasant, Earlham, Colney, Eaton, and Cringleford.

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 Norfolk City Centre? Continue reading!

Is Property Investment Profitable in Norfolk 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 Norfolk City Centre can generate an annual revenue of £40,827 with a steady occupancy rate of 80% and a nightly rate of £138.

airbnb property for sale norfolk City Centre

airbnb property for sale Norfolk City Centre

Profitable Properties for Sale in Norfolk 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 Norfolk City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale Norfolk City Centre
airbnb property for sale Norfolk City Centre

Hadley Crescent, Heacham, King’s Lynn

1. Studio-type Property for Sale Norfolk
Only a short drive to downtown Atlanta

Asking Price: £60,000

GROSS RENTAL YIELD 21.03%
ANNUAL REVENUE £12,617
CASH ON CASH RETURN 37.32%
airbnb property for sale Norfolk City Centre
airbnb property for sale Norfolk City Centre

County Court Road, King’s Lynn PE30

2. 1-Bedroom Property for Sale Norfolk
0.2 miles to Kings Lynn

Asking Price: £97,500

GROSS RENTAL YIELD 17.70%
ANNUAL REVENUE £17,260
CASH ON CASH RETURN 27.34%
airbnb property for sale Norfolk City Centre
airbnb property for sale Norfolk City Centre

 North Drive, Great Yarmouth NR30

3. 2-Bedroom Property for Sale Norfolk
1.5 miles to Great Yarmouth

Asking Price: £60,000

GROSS RENTAL YIELD 30.09%
ANNUAL REVENUE £18,054
CASH ON CASH RETURN 64.50%
3-Bedroom Property for Sale Norfolk
3-Bedroom Property for Sale Norfolk

24A St. Peters Road, Great Yarmouth, Norfolk NR30

4. 3-Bedroom Property for Sale Norfolk
4.4 miles away from Berney Arms

Asking Price: £80,000

GROSS RENTAL YIELD 25.87%
ANNUAL REVENUE £20,693
CASH ON CASH RETURN 51.83%
4-Bedroom Property for Sale Norfolk
4-Bedroom Property for Sale Norfolk

 Draper Gardens, Lansdowne Close, Gayton, King’s Lynn PE32

5. 4-Bedroom Property for Sale Norfolk

6.2 miles away from Kings Lynn

Asking Price: £122,500

 

GROSS RENTAL YIELD 28.34%
ANNUAL REVENUE £34,711
CASH ON CASH RETURN 59.24%

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 Norfolk 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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