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Best Areas for Buy to Let Properties in York, UK: Most Profitable Rental Markets

Last updated on January 31st, 2024

Investors can have a rewarding investment journey by targetting the best areas for buy to let properties in York, UK. Read this blog to learn more!

Best Areas for Buy to Let Properties in York, UK: Most Profitable Rental Markets

buy to let in york

Best Areas for Buy to Let Properties in York, UK: Most Profitable Rental Markets

Investors can have a rewarding investment journey by targetting the best areas for buy to let properties in York, UK. Read this blog to learn more!

Key Takeaways

  • York offers interesting investment opportunities with its strong rental market, high influx of tourists and great student population. This allows property investors to earn a nice passive income by operating Airbnb listings.
  • Using the Airbtics analytics tool, we were able to identify York’s top locations for buy-to-let properties. You will also find out their suggested property types, annual revenue potential, gross rental yields, and additional Airbnb data.

Introduction

The historical city of York is located in North Yorkshire, England, nestled where the rivers Ouse and Foss meet. With a rich history that dates back to Roman and Viking times, York is known for its well-preserved historic buildings and immaculate medieval architecture. 

Along with its charming atmosphere and impressive architectural heritage, York also owns a strong real estate market that offers a wealth of opportunities to property investors. In fact, we must highlight that York is one of the top cities for Airbnb investments in the UK.

If you’re considering investing in rental properties in York, UK, then you should know the best areas to set up an Airbnb listing. Moreover, to ensure your investment success, you should also establish clear and specific goals at the outset.

In this article, we feature the best areas for buy to let properties in York as well as some of the main reasons why you should consider buying an investment property in this city. If you’re eager to learn more about this market, keep reading!

Top reasons to invest in York’s rental market

Although owning an investment property in York may seem like a great way to get a good cash-on-cash return on your investment, it’s important to conduct thorough market research beforehand. As such, knowing what benefits the rental market in your target city can provide to real estate investors like you is essential.

Check out some of the reasons why a real estate investment in York can be a profitable idea:

  • York offers a strong rental market

Considering that York is a popular tourist destination and home to renowned universities that attract a great influx of students, investors can foresee that there’s a consistent demand for rental properties. This coupled with the affordability of the housing market, property investors can achieve good rental yields. 

Moreover, York is one of the best locations to start an Airbnb in the UK. As a result, real estate investment in the city can lead to a rewarding and successful experience for investors.

  • Flourishing economy

York owns a prosperous economy where sectors like education, finance, tourism, manufacturing and healthcare make important contributions to the city’s situation. There’s a solid job market that attracts many professionals to the city and several major companies are settling here as well. This also helped the city to enjoy economic growth in recent years as well as a steady demographic increase, which makes the rental and housing demand strong.

  • Enjoy the good living conditions

York is renowned for its two esteemed universities that open the doors to a variety of academic opportunities. Moreover, it also has a well-developed road network and transportation system, making the city easily accessible. There’s also no lack of high-quality amenities and facilities as well as plenty of green spaces and parks that allow locals and visitors the opportunity to enjoy the outdoors.

Furthermore, York also has a relatively affordable cost of living compared to other major cities like London or Oxford. Currently, the average house price in York is at £344k.

  • Explore this historic city!

York is home to numerous historical and tourist attractions and visitors are more than welcome to indulge themselves in the many leisure activities offered by this cathedral city.  The city is famous for its lively culture and nightlife, with a variety of museums, theaters and concert venues as well as great festivals throughout the year.

This is a dreamy destination and you can easily discover more about the city’s history while taking a stroll on its cobbled streets where you can admire the medieval structures. Along with your tour around the city, you will be able to see well-preserved landmarks such as York Castle, York Minster and the Roman walls.

Is Airbnb profitable in York, UK?

Wondering if Airbnb is profitable in the UK, particularly in York? Then let us give you the great news – York is indeed a city that can provide investors with a nice level of profitability.

If we delve more into this rental market with the help of an Airbnb profit calculator, we can find that Airbnb hosts can earn an estimated revenue of £44,799 with a median occupancy rate of 86% for operating a 2-bedroom apartment in York.

On the other hand, if you aim to become a host in York, you must also be aware of the Airbnb regulations in York, so that you can operate your listing efficiently and legally. But if you’re still hesitant about purchasing a property, you can first test the waters by doing rental arbitrage in York, so that you can get a better grasp of this rental market.

Source: Airbtics Dashboard

Top locations for buy to let properties in York, UK

Aside from considering Airbnb host expenses, it’s equally important to think about which specific area of York you will target. The reason for this is that each neighborhood generates a different level of profitability and their occupancy rates will also differ. While this can be quite a time-consuming task, you can rely on advanced analytics tools like Airbtics to make things easier. 

We want to lend you a helping hand in this tedious task! Thus, you should check out the top Airbnb locations in York to invest in short-term lets:

airbtics-logo-300x87
Best Area Number of Airbnb Listings Best Number of Bedrooms Median Property Price Airbnb Annual Revenue GRY
City Centre West 381 2 bedrooms £325,000 (2 BR) £37,776 11.62%
Clifton 179 2 bedrooms £260,000 (2 BR) £35,564 13.68%
Heworth 65 2 bedrooms £270,000 (2 BR) £33,976 12.58%
Holgate 80 2 bedrooms £235,000 (2 BR) £33,765 14.37%
Fishergate 131 2 bedrooms £295,000 (2 BR) £30,833 10.45%
City Centre 363 1 bedroom £210,000 (1 BR) £29,093 13.85%
Acomb 57 1 bedroom £125,000 (1 BR) £25,955 20.76%
South Bank 80 1 bedroom £200,000 (1 BR) £23,303 11.65%

Best Area

Airbnb Dataset

  • Total Number of Airbnb Listings: 381
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): £325,000
  • Airbnb Annual Revenue: £37,776
  • Gross Rental Yield: 11.62%
  • Total Number of Airbnb Listings: 179
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): £260,000
  • Airbnb Annual Revenue: £35,564
  • Gross Rental Yield: 13.68%
  • Total Number of Airbnb Listings: 65
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): £270,000
  • Airbnb Annual Revenue: £33,976
  • Gross Rental Yield: 12.58%
  • Total Number of Airbnb Listings: 80
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): £235,000
  • Airbnb Annual Revenue: £33,765
  • Gross Rental Yield: 14.37%
  • Total Number of Airbnb Listings: 131
  • Best Number of Bedrooms: 2 bedrooms
  • Median Property Price (2 bedrooms): £295,000
  • Airbnb Annual Revenue: £30,833
  • Gross Rental Yield: 10.45%
  • Total Number of Airbnb Listings: 363
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): £210,000
  • Airbnb Annual revenue: £29,093
  • Gross Rental Yield: 13.85%
  • Total Number of Airbnb Listings: 57
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): £125,000
  • Airbnb Annual Revenue: £25,955
  • Gross Rental Yield: 20.76%
  • Total Number of Airbnb Listings: 80
  • Best Number of Bedrooms: 1 bedroom
  • Median Property Price (1 bedroom): £200,000
  • Airbnb Annual Revenue: £23,303
  • Gross Rental Yield: 11.65%
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.

Best places to invest in short-term lets: How to find them?

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 see which cities are attracting 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 being able to explore a city while having access to valuable data that can make things easier for you. Sounds like a dream, right? But it’s possible with the Airbtics Dashboard. You will be able to get a reliable dataset that will provide you with metrics such as: average revenue, occupancy rates, nightly rates, seasonality, etc.

But don’t take just our word for it – 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

Now, you will have complete insights into your target market and can easily monitor its demand. However, if you can’t find your specific market, you can always create your own custom market.

On top of that, you can 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 profitable investment journey with Airbtics

In brief, we can conclude that York is a lucrative market to invest in because it offers a strong rental market, a variety of property types and attractive locations that can provide good rental yields. For real estate investors who want to list their properties on Airbnb to earn a nice income stream, this market can be a great way of doing so! 

But don’t rush into making a decision yet because there are still a lot of profitable cities to discover. And if you’re not keen enough about investing in England, you can explore other prime Airbnb cities outside the UK!

Discovering the best areas for buy to let properties in York is just the beginning of your investment journey. Continue your research while making use of reliable analytics tools like our short-term rental income estimator. Stand out among your competitors and boost your profit now!

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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