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

airbnb property for sale Liverpool City Centre

Sheffield is long renowned for its steel industry and is also home to the oldest football club in the world. The city is the first National City of Sport in the UK, with a range of high-quality facilities and a rich sporting history.

Before deciding to purchase a property in Sheffield, it’s certainly important to consider the major costs and revenue. While rental arbitrage in Sheffield 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 Sheffield are not too strict. 

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 Sheffield, which is an important step 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? Continue reading to learn more!

Is Property Investment Profitable in Sheffield 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 Sheffield City Centre can generate an annual revenue of £32,964 with a steady occupancy rate of 70% and a nightly rate of £118.

airbnb property for sale Sheffield City Centre

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

airbnb property for sale Sheffield City Centre
airbnb property for sale Sheffield City Centre

Ecclesall Heights

1. Studio-type Property for Sale Sheffield
0.5 miles walk to West Street Tram Stop

Asking Price: £85,000

GROSS RENTAL YIELD 25.56%
ANNUAL REVENUE £21,723
CASH ON CASH RETURN 50.90%
airbnb property for sale Sheffield City Centre
airbnb property for sale Sheffield City Centre

 The Hub, 2 Cross Bedford Street, Sheffield, South Yorkshire, S6 3AT

2. 1-Bedroom Property for Sale Sheffield
0.1 miles walk to Infirmary Road Tram Stop

Asking Price: £50,000

GROSS RENTAL YIELD 32.93%
ANNUAL REVENUE £16,463
CASH ON CASH RETURN 73.01%
airbnb property for sale Sheffield City Centre

Regency Court, 39 Primrose Drive, Sheffield, South Yorkshire, S35

3. 2-Bedroom Property for Sale Sheffield
1.5 miles walk to Chapeltown Station

Asking Price: £110,000

GROSS RENTAL YIELD 26.12%
ANNUAL REVENUE £28,728
CASH ON CASH RETURN 52.58%
3-Bedroom Property for Sale Sheffield
3-Bedroom Property for Sale Sheffield

Driver Street, Woodhouse, Sheffield, S13 9WP

4. 3-Bedroom Property for Sale Sheffield
0.1 miles walk to Woodhouse Station

Asking Price: £160,000

GROSS RENTAL YIELD 26.36%
ANNUAL REVENUE £42,172
CASH ON CASH RETURN 53.31%
4-Bedroom Property for Sale Sheffield
4-Bedroom Property for Sale Sheffield

 Owler Lane, Sheffield S4

5. 4-Bedroom Property for Sale Sheffield
0 miles Oasis Academy Fir Vale

Asking Price: £150,000

GROSS RENTAL YIELD 24.74%
ANNUAL REVENUE £37,113
CASH ON CASH RETURN 48.46%

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 Sheffield 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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