Last updated on April 30th, 2024
Tower Hamlets| Airbnb Market Data & Overview | UK
Tower Hamlets
Airbnb Market Data & Overview
UK
Is it profitable to do Airbnb in Tower Hamlets, UK?
What is the occupancy rate of Airbnb in Tower Hamlets,
UK?
What is the average daily rate of Airbnb in Tower Hamlets,
UK?
Tower Hamlets, UK Airbnb Data
Last updated on: 15th April, 2024
UK / Tower Hamlets
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
Tower Hamlets is good for Airbnb.
Maybe, it’s profitable to Airbnb
because the average net rental yield for a
one-bedroom property is
8.1%.
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 Tower Hamlets is booked for
292 nights a year, with a median
occupancy rate of 80% and an average
daily rate of $169. Guests from London make up the
majority of the Airbnb bookings here. In Tower Hamlets, A typical
host income (annual revenue) was
$49,898 in 2023.
Best Areas in
Tower Hamlets for
Airbnb
Are you wondering where to invest in Tower Hamlets? 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. 🚀
- Tower of London
- Brick Lane
- Columbia Road Flower Market
- Victoria Park
- Wilton’s Music Hall
- Museum of London Docklands
- The Old Truman Brewery
- Spitalfields Market
- River Thames
- Sky Garden
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?
Signup and check out more in-depth
vacation rental data for free.
See
Tower Hamlets‘s Airbnb Data
⟶
