Redcar and Cleveland
Airbnb Market Data & Overview
UK

Is it profitable to do Airbnb in Redcar and Cleveland, UK?

What is the occupancy rate of Airbnb in Redcar and Cleveland, UK?

What is the average daily rate of Airbnb in Redcar and Cleveland, UK?

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Redcar and Cleveland, UK Airbnb Data

Last updated on: 15th May, 2024

UK / Redcar and Cleveland
Investing in a short-term rental can be highly stable and profitable. It's stable because housing has been one of the most stable asset classes. Also, when you can't do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rentals typically is double the amount of traditional rentals.
The true profit from home investing comes from capital appreciation and cash flow from your rental. Between 1850 and 2015, globally, the average home value appreciated at 5.5% annually. If your short-term rental yields 3% of your total initial investment, your investment's annual return is 8.5% before taxes are considered.
Without further ado, let's see if Redcar and Cleveland is good for Airbnb.
Occupancy Rate

59%

$123

Daily Rate

$26K+

Revenue (2023)

12.2%

Net Yield

346

Number of Listings
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Is Airbnb Profitable in Redcar and Cleveland ?

Yes, it's profitable to Airbnb because the average net rental yield for a one-bedroom property is 12.2%.
The national median net short-term rental yield is 5.4% in the UK. For more context, a traditional rental can typically yield 2-4% if you don't have to pay a mortgage interest. A typical 1 bedroom listing in Redcar and Cleveland is booked for 175 nights a year, with a median occupancy rate of 48% and an average daily rate of $124. In Redcar and Cleveland, A typical host income (annual revenue) was $22,196 in 2023.

Best Areas in Redcar and Cleveland for Airbnb

Are you wondering where to invest in Redcar and Cleveland? Look no further! Here are 10 areas travelers often search for. You can find the short-term rental statistics of all of these neighborhoods from Airbtics! Check out which neighborhood has the highest rental demand. 🚀
  1. Saltburn-by-the-Sea
  2. Redcar Beach
  3. Guisborough Forest and Walkway
  4. Saltholme
  5. Roseberry Topping
  6. Flatts Lane Woodland Country Park
  7. Kirkleatham Museum
  8. Guisborough Priory
  9. Ormesby Hall
  10. Zetland Lifeboat Museum
Okay, you might wonder about more specific data. For example, how much can an average listing with 2 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month?
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Explore Redcar and Cleveland's Airbnb Data
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