Last updated on June 21st, 2023
airbnb property for sale Nottingham City Centre
Nottingham’s old city center boasts plenty of remarkable tourist landmarks such as the Old Market Square and City of Caves. It is also the largest such public space in England and is home to the Nottingham Tourism Centre.
Before deciding to purchase a property in Nottingham, it’s certainly important to consider the major costs and revenue. While rental arbitrage in Nottingham 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 Nottingham are not too strict, although a license to operate 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 Nottingham, 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 Nottingham 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 Nottingham City Centre can generate an annual revenue of £32,811 with a steady occupancy rate of 68% and a nightly rate of £125.
airbnb property for sale Nottingham City Centre
Profitable Properties for Sale in Nottingham 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 Nottingham City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
1. Studio-type Property for Sale Nottingham
0.6 to Coventry
Asking Price: £70,000
| GROSS RENTAL YIELD | 25.36% |
| ANNUAL REVENUE | £17,754 |
| CASH ON CASH RETURN | 50.32% |
Marco Island, Huntingdon Street, Nottingham NG1
2. 1-Bedroom Property for Sale Nottingham
2.7 miles to Netherfield
Asking Price: £100,000
| GROSS RENTAL YIELD | 26.23% |
| ANNUAL REVENUE | £26,234 |
| CASH ON CASH RETURN | 52.93% |
Manchester Court, Woodside Drive, Arnold, Nottingham NG5
3. 2-Bedroom Property for Sale Nottingham
2.5 miles to Bulwell
Asking Price: £140,000
| GROSS RENTAL YIELD | 24.31% |
| ANNUAL REVENUE | £34,030 |
| CASH ON CASH RETURN | 47.15% |
Lindisfarne Gardens, Nottingham NG5
4. 3-Bedroom Property for Sale Nottingham
1.5 miles to Bulwell
Asking Price: £160,000
| GROSS RENTAL YIELD | 26.04% |
| ANNUAL REVENUE | £41,664 |
| CASH ON CASH RETURN | 52.35% |
Cyril Avenue, Stapleford, Nottingham NG9
5. 4-Bedroom Property for Sale Nottingham
2.5 miles to Attenborough 2.5
Asking Price: £275,000
| GROSS RENTAL YIELD | 24.79% |
| ANNUAL REVENUE | £68,161 |
| CASH ON CASH RETURN | 48.59% |
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 Nottingham 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.
