If you are looking to buy investment properties in the UK, knowing the Airbnb rules in your preferred city is the first step! In this article, we featured Airbnb regulations in Oxford along with short-term let policies, buy to let properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Oxford!
Is Airbnb legal in Oxford?
Don’t worry, Airbnb is legal in Oxford! Also known as the City of Dreaming Spires, Oxford is home of England’s oldest university and is filled with iconic & historical monuments. This city boasts many delightful gardens, and fascinating museums along with many other places of interest.
Here is a little proof! There are rental property management companies in Oxford that vouch for the legality of Airbnb in the city. Penny & Sinclair manages 37 listings, while Short Let Space Holiday Cottages manages over 100 properties in and surrounding Oxford and Oxfordshire including the Cotswolds.
How much can I make by running an Airbnb in Oxford?
Currently, there are 858 Airbnb listings in Oxford, with 49% of entire houses earning up to £3,233 a month. The Average Occupancy Rate in Oxford is 58% and the average daily rate is £91. According to vacation holiday rental market data source Airbtics, a 2-bedroom apartment in Oxford can make up to £21,899 each year. Find out how much income can you make on Airbnb with our Free Calculator!
Short-term rental policy in Oxford
- Required to apply for planning permission when there is a ‘material change’ in the use of a property through Oxford City Council
- It is required to pay council tax in Oxford
Investment in Oxford
If you are looking to start an Airbnb business in the UK, particularly in Oxford, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate Airbnb calculator, it shouldn’t be a difficult task at all!
Before investing in a property in Oxford, you have to consider the major determinators for success. This includes average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. Here are the recent property prices in Oxford:
Source: Oxford Property
| Area | Population | Average House Price | Average Rent Price (pcm) | Average Airbnb Revenue | Yield |
|---|---|---|---|---|---|
| City Centre | 6,000 | £675,221 | £2,435 | £3,884 | 4% |
| Cowley Road Area | 3,800 | £391,263 | £1,760 | £3,156 | 5% |
| Jericho | 5,200 | £523,000 | £2,093 | £3,418 | 3% |
Property For Sale in Oxford
Buying a property in Oxford with an impressive rental yield is an excellent way to have a passive income. The average house price in Oxford ranges at £447,000.
Oxford is recognized for its thriving economic success with rising property prices. There are various high-growth companies with a total output of £21.9 billion, making Oxfordshire’s economy one of the strongest in the UK! By looking at the following property investment websites such as Zoopla and Knight Frank, you can get a grasp of the various prices and properties for sale in Oxford.
Conclusion
In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do!
