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

Last updated on November 28th, 2022

airbnb property for sale Liverpool City Centre

Aside from the fact that York is one of the few places where you can buy a property with Roman or Viking origins, it also has interesting contemporary properties for sale. Based on studies, York is still a very affordable property investment location!

York is a unique city encased within the city walls which was originally built to form part of the defence in the past. The surviving masonry stretches 2 miles and is by far one of the most popular tourist attractions in York.

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

Here’s an interesting fact: York City Centre is considered to be the best neighbourhood for investment. According to Airbnb rental arbitrage in York, this area is recognized for its historic and tourist sites, which reflects strong demand for holiday lets and accommodations.

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 in York, 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 York City Centre? Continue reading to learn more!

Is Property Investment Profitable in York 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 York City Centre can generate an annual revenue of £51,733 with a steady occupancy rate of 63% and a nightly rate of £210.

airbnb property for sale York City Centre

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

airbnb property for sale York City Centre
airbnb property for sale York City Centre

Sunbridge Road, Bradford BD1

1. Studio-type Property for Sale York
0.4 miles to Bradford Forster Square

Asking Price: £15,000

GROSS RENTAL YIELD 43.15%
ANNUAL REVENUE £6,473
CASH ON CASH RETURN 103.69%
airbnb property for sale York City Centre
airbnb property for sale York City Centre

Bradford Central, Bradford BD1

2. 1-Bedroom Property for Sale York
0.5 miles to Dixons Trinity Academy

Asking Price: £120,000

GROSS RENTAL YIELD 27.36%
ANNUAL REVENUE £32,833
CASH ON CASH RETURN 56.32%
airbnb property for sale York City Centre
airbnb property for sale York City Centre

Woodville Court, Roundhay, Leeds LS8

3. 2-Bedroom Property for Sale York
Near Colegio San Antonio de Padua

Asking Price: £145,000

GROSS RENTAL YIELD 26.26%
ANNUAL REVENUE £38,082
CASH ON CASH RETURN 53.02%
3-Bedroom Property for Sale York
3-Bedroom Property for Sale York

32 Spruce Way, Selby YO8

4. 3-Bedroom Property for Sale York
Near Plaza Mariano de Cavia

Asking Price: £185,000

GROSS RENTAL YIELD 26.56%
ANNUAL REVENUE £49,133
CASH ON CASH RETURN 53.91%
4-Bedroom Property for Sale York
4-Bedroom Property for Sale York

Springfield Drive, Lofthouse, Wakefield, West Yorkshire WF3

5. 4-Bedroom Property for Sale York
2.8 miles to Wakefield Westgate

Asking Price: £280,000

GROSS RENTAL YIELD 25.45%
ANNUAL REVENUE £71,247
CASH ON CASH RETURN 50.57%

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 York 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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