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.
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:
2. 1-Bedroom Property for Sale York
0.5 miles to Dixons Trinity Academy
Asking Price: £120,000
|GROSS RENTAL YIELD||27.36%|
|CASH ON CASH RETURN||56.32%|
3. 2-Bedroom Property for Sale York
Near Colegio San Antonio de Padua
Asking Price: £145,000
|GROSS RENTAL YIELD||26.26%|
|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%|
|CASH ON CASH RETURN||53.91%|
|GROSS RENTAL YIELD||25.45%|
|CASH ON CASH RETURN||50.57%|
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.
Robyn is a passionate content writer about short-term rentals and is dedicated to research & sharing property investment strategies and analysis worldwide. She is a graduate of Alliance Française de Manille, a songwriter, an animal advocate, and an avid fan of The Beatles since birth.