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Best Areas Buy to Let Properties in Belfast: The top rental areas!

Last updated on January 31st, 2024

Investing in the top areas for buy-to-let properties in Belfast will ensure your investment success. Learn more about this market from this blog!

Best Areas Buy to Let Properties in Belfast: The top rental areas!

buy to let belfast

Best Areas Buy to Let Properties in Belfast: The top rental areas!

Investing in the top areas for buy-to-let properties in Belfast will ensure your investment success. Learn more about this market from this blog!

Key Takeaways

  • The rental market in Belfast provides a ton of investment opportunities for those looking to invest in short-term lets and student housing. Simply by listing their property on Airbnb, many hosts were able to generate a nice passive income.
  • With the aid of the advanced tool Airbtics, we were able to pinpoint Belfast’s top buy-to-let areas. Among other datasets, we also feature the best property types you can buy, along with their gross rental yields and potential annual revenue.

Introduction

Located on the banks of the River Lagan on the east coast lies majestically the vibrant capital of North Ireland. The city is widely known for owning one of the most beautiful sceneries of Ireland as well as for its well-preserved and fascinating historical buildings and its lively nightlife.

With its wide range of attractions and intriguing history and diverse culture, Belfast is undeniably an exciting place that everyone should visit at least once in their lifetime. Moreover, Belfast presents plenty of real estate investment opportunities to investors aiming to obtain a good return on their investment.

But before embarking on this journey, you should conduct in-depth research and establish clear goals to make well-informed decisions that will guarantee your investment success. This is an important factor that shouldn’t be overlooked, especially if you want to invest in a top Airbnb location in the UK like Belfast. 

In this article, we will discuss some of the important aspects that should influence your decision to invest in a rental property in Belfast as well as the best locations for buy to let investments.  Have we piqued your curiosity? Continue reading if so!

Top reasons to invest in the Belfast rental market

Belfast is a friendly city that offers plenty of opportunities that can easily entice real estate investors. Yet, it’s always a good idea to take into account the advantages that the real estate market can offer for property investors. This way, they can obtain a better understanding of the city’s rental situation.

Some of the benefits of purchasing a buy-to-let property in Belfast include:

  • Strong rental demand

Given that Belfast has a growing population, a great student community and is a popular tourist destination, investors can expect a high demand for rental property. Moreover, we should highlight that Belfast is one of the most recommended cities to start an Airbnb business in the UK. This, along with the real estate market’s affordability, allows investors to obtain a consistent rental income as well as achieve attractive rental yields. 

  • Stable economy with a solid job market

As one of the fastest-growing cities in the UK, Belfast enjoys a resilient and diverse economy with a plethora of job opportunities. On top of that, the city is home to several high-growth companies that attract professionals to the city.

The economy is sustained by diverse sectors, including manufacturing, financial and professional services, cyber technology and creative and digital industries. With its stable economy, Belfast presents attractive possibilities for businesses, investors and workers alike.

  • Great living conditions 

Without a doubt, Belfast is an enticing city that anyone would like to call home thanks to its friendly community and amazing living conditions! The city owns a vibrant cultural scene, an appraised education system, modern healthcare facilities, a dynamic economy and low unemployment rates. In addition, Belfast has a well-connected transportation network which makes it easy to navigate the city and explore other parts of Northern Ireland. 

And if that’s not enough, the cost of living in Belfast is relatively low when compared to other large UK cities. Thanks to this, investors can potentially obtain higher returns on their investments while also stepping into the market at a lower cost.

  • Plenty of things to do

If you’re someone who is interested in history, then you will love Belfast because this city is steeped in a rich historical and cultural heritage. The city blends its old charm of Victorian architecture with its modern urban development perfectly, creating a fascinating surrounding to be admired. Additionally, Belfast presents a thriving arts and entertainment scene, with a variety of theaters, art galleries, and cultural festivals.

Furthermore, Belfast is renowned for its stunning natural landscapes, including the nearby Mourne Mountains and a picturesque coastline. So nature lovers need not worry as they will have plenty of striking sites to engage in outdoor activities like hiking and biking since they’re all within a short distance from the city center.

Is Airbnb profitable in Belfast?

Wondering if owning an Airbnb property in Belfast is profitable? No need to worry! Airbtics confirms that this is a great idea because some areas within the city can generate a steady rental income.

Let’s dive deeper into Belfast’s Airbnb market – based on Airbtics’ STR profit calculator, hosts can generate an average revenue of £45,435 with a median occupancy rate of 97% for operating a 1-bedroom apartment in Belfast.

On the other hand, if you’re aiming to host guests in Belfast, then you should also be aware of the city’s Airbnb regulations. This way, you can manage your listings without major issues while avoiding legal problems. 

Source: Airbtics Dashboard

Top Locations for Short Lets in Belfast

As one of the largest cities in Northern Ireland, it’s understandable to have a hard time choosing the right place to set up your Airbnb property in Belfast and even more so if we consider that each area will generate a different level of profitability.  But we are here to make this research less overwhelming for you with the help of Airbtics!

Go ahead and check out the prime rental markets in Belfast, UK:

airbtics-logo-300x87
Best Area Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
BT1 - City Centre 183 2 bedrooms £225,000 (2 BR) £44,904 19.96%
BT3 - Belfast Harbour Estate 53 2 bedrooms £250,000 (2 BR) £40,060 16.02%%
Ormeau 100 2 bedrooms £160,000 (2 BR) £34,208 21.38%
The Holylands 49 1 bedroom £160,000 (1 BR) £32,528 20.33%
EastSide 64 2 bedrooms £169,000 (2 BR) £30,570 18.01%
BT6 - East Belfast 146 2 bedrooms £175,000 (2 BR) £29,742 17%
BT15 - North Belfast 119 2 bedrooms £120,000 (2 BR) £28,995 24.16%
BT9 - South Belfast 275 1 bedroom £144,000 (1 BR) £24,863 17.27%

Best Area

Airbnb Dataset

  • Total Number of Airbnb Listings: 183
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £225,000
  • Airbnb Annual revenue: £44,904
  • Gross rental yield: 19.96%
  • Total Number of Airbnb Listings: 53
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £250,000
  • Airbnb Annual revenue: £40,060
  • Gross rental yield: 16.02%
  • Total Number of Airbnb Listings: 100
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £160,000
  • Airbnb Annual revenue: £34,208
  • Gross rental yield: 21.38%
  • Total Number of Airbnb Listings: 49
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £160,000
  • Airbnb Annual revenue: £32,528
  • Gross rental yield: 20.33%
  • Total Number of Airbnb Listings: 64
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £169,000
  • Airbnb Annual revenue: £30,570
  • Gross rental yield: 18.01%
  • Total Number of Airbnb Listings: 146
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £175,000
  • Airbnb Annual revenue: £29,742
  • Gross rental yield: 17%
  • Total Number of Airbnb Listings: 119
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): £120,000
  • Airbnb Annual revenue: £28,995
  • Gross rental yield: 24.16%
  • Total Number of Airbnb Listings: 275
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £144,000
  • Airbnb Annual revenue: £24,863
  • Gross rental yield: 17.27%
Pro Book

Deeper STR Insights. Broader Investment Opportunities.

Want to go deeper, broader, and faster? Supercharge your Airbnb Investment by accessing the most in-depth Airbnb & real estate insights with our exclusive STR report.

Having trouble finding the best areas to buy to let properties?

Finding profitable rental markets can be a time-consuming task and we know that the investor’s time is valuable. For this reason, taking advantage of the many available resources for property investors to speed things up in this journey is a great way to start.

We recommend visiting real estate forums or doing a throughout research in search engines to find out which locations are drawing the investors’ attention in specific countries. This will also help you to sort your list and have a clear idea of which cities to focus on.

In addition, we encourage investors like you to make use of analytics tools to find profitable markets to invest in Airbnb, particularly those that can provide dynamic data.

Imagine exploring a city while getting useful info that can make things easier for you, it sounds like a dream come true, right? It’s possible with Airbtics Dashboard since you can get a reliable dataset that will show you metrics like the average revenue, occupancy rates, nightly rates, and seasonality, among others.

But don’t take just our word for it, go ahead and take a look at Simon, an Airbtics customer, who was led to a new Airbnb market that generated more profitability than his previous one!

best places to buy to let glasgow

Just by typing the name of the city you want to target, you will be able to get important insights. However, if you’re not finding your desired area, you can also create a custom market.

You can go ahead and use filters to find out what type of property offers the most attractive profit in your preferred area. The best part of using dynamic data is that by moving and zooming in and out of your map, the data will also change accordingly.

best places to buy to let glasgow

This process can now be repeated until you decide what type of property would be a good investment in your target city or neighborhood. Compare data between different property types and you find out the option that suits you the best! 

Embark on a rewarding investment journey with Airbtics!

In summary, we can conclude that Belfast can help investors secure a nice stream of income by owning an investment property in specific areas of the city. But take your time because there are still many profitable cities to discover, so don’t jump to a conclusion just yet. You should also explore other rental markets outside the UK!

Finding out the best areas for buy to let properties in Belfast certainly is a good way to start this investment journey, but we encourage you to continue your research to make smart investment decisions. Thus, go ahead and make use of the best analytics tools such as our Airbnb profit estimator to analyze the level of profitability of different markets!

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

Unlock Worldwide
Short-Term Rental Data
Find unsaturated neighborhoods with the highest occupancy history.

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