Last updated on June 21st, 2023
airbnb property for sale York City Centre
York is popular for buildings with Roman architecture that go way back centuries ago. Despite this, it 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 the city!
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“York is one property hotspot in the country that you can count on when it comes to property investment. Investing in property in York gives you peace of mind because your investment will be well placed.”
– Polish News on York Property Investment
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 UK
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 houses for sale in Yorkshire, England, along with their prices, calculated gross rental yield, cash-on-cash return, and annual revenue:
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% |
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% |
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% |
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% |
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.
