Last updated on January 31st, 2024
Owning a STR in the best places to invest in Airbnb in Manchester can help you to secure a nice income stream. Learn more in this article!
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Owning a STR in the best places to invest in Airbnb in Manchester can help you to secure a nice income stream. Learn more in this article!
- Last updated January 31, 2024
Key Takeaways
- Manchester can be an attractive city for investors since it offers profitable opportunities that can secure a good cash-on-cash return.
- Discover the top rental markets in Manchester along with their recommended property types, estimated annual revenue, GRY and more important data which is provided by Airbtics.
Introduction
The cosmopolitan city of Manchester is situated in the North West of England and is flanked by the Pennines and Cheshire Plain. This vibrant destination is highly renowned for its world-famous football, the artistic and cultural scene and its unique architecture where old and modern styles coexist perfectly.
As the decades went by, this dynamic city became an important financial, cultural and education center with a quite attractive rental market. In fact, there’s no doubt that Manchester is an attractive area for investors as it’s among Airbnb’s top trending travel spots for 2023 domestic travel in the UK! Additionally, Manchester is also one of the top 3 Airbnb cities in the UK according to our previous blog.
But before taking the next step in this journey, is important to set clear goals to guarantee your investment success, especially if you are considering investing in Manchester real estate. And for this reason, it’s essential to know where to buy to let in Manchester. Don’t fret as Airbtics is here to help you!
In this article, you will find out the best places to invest in Manchester as well as some of the main reasons why you should consider investing in a property in this city. Continue reading to learn more about this market!
Why invest in Manchester real estate market?
Buying investment properties in Manchester is truly a great way to generate a nice rental income. Yet, researching the market carefully is crucial when thinking about investing in Airbnb. Hence, it’s always good to know what kind of advantages the rental market of your target city can offer to real estate investors.
If you want to target Manchester’s real estate market, then make sure to check out some of the reasons why investment properties in thy city can help you build your path toward financial freedom:
Booming economy
Over the years, Manchester has experienced strong economic growth to the point of turning into one of the most prosperous cities in the UK. The city is a major business and commercial center where the sectors that contribute the most to the economic situation of the city are finances, technology, healthcare, education and manufacturing.
Additionally, Manchester is a university city, so there’s a huge student population and also steady demographic growth. Hence, it’s a great place to do a student accommodation investment since the demand for rental property is strong.
Great living conditions
Another advantage of investing or living in Manchester is that it offers a high standard of living. The city has a well-developed infrastructure with an efficient transport network, renowned education institutions, and a wide range of recreational facilities. Thanks to this, the city is quite a catch to both residents and businesses.
In addition, this city’s cost of living is more affordable compared to other major cities like London. The property price varies greatly depending on the area, but overall, the median house value is £250,700 according to Zoopla.
Top tourist destination
Imagine being surrounded by a majestic urban landscape with plenty of sites of interest, eclectic restaurants, lively cultural festivals, vibrant art galleries and much more. This is just a little piece of what Manchester has to offer to its locals and visitors. Honestly, it’s almost impossible to get bored in this destination as it’s easy to enjoy yourself here, both by day and by night.
Manchester is a mecca for shopping lovers as there is no lack of shops and malls throughout the city such as the Trafford Centre. The nightlife is also quite vibrant with plenty of pubs, bars and clubs. Truth be told, Manchester is a dazzling destination that has something to suit everyone’s tastes!
Is Manchester rental market profitable for Airbnb?
Running a successful Airbnb listing that could secure you a good return on investment is not an unreachable dream anymore! Airbtics assures you that you can earn a nice passive income while operating a short-term rental in Manchester! In fact, this city is one of the best places to start an Airbnb investment in the UK!
According to Airbtics’s data, Airbnb hosts can earn an average revenue of £20,492 with a median occupancy rate of 62% for operating a 2-bedroom apartment in Manchester.
Aside from the amount of profit that a listing can create, it’s also essential to learn about the Airbnb regulations in Manchester. By doing so, you will be able to manage your business smoothly while avoiding legal trouble.
Source: Airbtics Dashboard
Best Buy to Let Areas in Manchester
Feeling overwhelmed because it’s difficult to choose the right rental market to invest in Manchester? It’s understandable because each neighborhood generates a different level of profitability. Imagine how time-consuming this task can become. But, finding out where to invest is now easier if you make use of reliable analytics tools like Airbtics.
But don’t take just our word for it – Take a look at our customer Simon who was led to a new Airbnb market that was more profitable than his original one!
Check out the best areas in Manchester to invest in property and are recommended for starting an Airbnb business:
Best Area | Number of Airbnb Listings | Best Bedroom Size | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Chorlton-on-Medlock | 35 | 2 bedrooms | £335,000 (2 BD) | £40,690 | 12.15% |
Northern Quarter | 130 | 2 bedrooms | £295,000 (2 BD) | £39,916 | 13.53% |
Fallowfield | 47 | 2 bedrooms | £200,000 (2 BD) | £38,129 | 19.06% |
Ancoats | 32 | 2 bedrooms | £290,000 (2 BD) | £33,118 | 11.42% |
Hulme | 47 | 2 bedrooms | £280,000 (2 BD) | £20,047 | 7.16% |
Best Area
Airbnb Dataset
- Total Number of Airbnb Listings: 35
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £335,000
- Airbnb Annual revenue: £40,690
- Gross rental yield: 12.15%
- Total Number of Airbnb Listings: 130
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £295,000
- Airbnb Annual revenue: £39,916
- Gross rental yield: 13.53%
3. Fallowfield
- Total Number of Airbnb Listings: 47
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £200,000
- Airbnb Annual revenue: £38,129
- Gross rental yield: 19.06%
4. Ancoats
- Total Number of Airbnb Listings: 32
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £290,000
- Airbnb Annual revenue: £33,118
- Gross rental yield: 11.42%
5. Hulme
- Total Number of Airbnb Listings: 47
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £280,000
- Airbnb Annual revenue: £20,047
- Gross rental yield: 7.16%
Best Areas Outside Manchester to Invest in Property
City | Number of Airbnb Listings | Best Bedroom Size | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Stockport (10km away) | 130 | 2 bedrooms | £150,000 (2 BD) | £20,935 | 13.96% |
Liverpool (50km away) | 975 | 1 bedroom | £113,000 (1 BD) | £18,182 | 16.1% |
Sheffield (53km away) | 350 | 1 bedroom | £100,000 (1 BD) | £15,092 | 15.1% |
Blackpool (65km away) | 477 | 1 bedroom | £75,000 (1 BD) | £18,662 | 24.88% |
Leeds (67km away) | 377 | 2 bedrooms | £210,000 (2 BD) | £20,767 | 9.89% |
City
Airbnb Dataset
1. Stockport
- Distance from Manchester: 10 kilometers
- Total Number of Airbnb Listings: 130
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £150,000
- Airbnb Annual revenue: £20,935
- Gross rental yield: 13.96%
2. Liverpool
- Distance from Manchester: 50 kilometers
- Total Number of Airbnb Listings: 975
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £113,000
- Airbnb Annual revenue: £18,182
- Gross rental yield: 16.1%
3. Sheffield
- Distance from Manchester: 53 kilometers
- Total Number of Airbnb Listings: 350
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £100,000
- Airbnb Annual revenue: £15,092
- Gross rental yield: 15.1%
4. Blackpool
- Distance from Manchester: 65 kilometers
- Total Number of Airbnb Listings: 477
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £75,000
- Airbnb Annual revenue: £18,662
- Gross rental yield: 24.88%
5. Leeds
- Distance from Manchester: 67 kilometers
- Total Number of Airbnb Listings: 377
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £210,000
- Airbnb Annual revenue: £20,767
- Gross rental yield: 9.89%
Source: Airbtics Dashboard
How to Find Profitable Locations to Invest in?
Finding profitable Airbnb markets can be quite the challenge and we know that the investor’s time is valuable. And precisely because we know how precious is, we encourage you to take advantage of the many available resources for property investors to speed things up in this journey.
Hence, if you want to find the most profitable area to operate your Airbnb effortlessly, then we recommend you make use of the best analytics tools, especially those which can provide you with dynamic data. Previously, it was fairly difficult to find apps that offer this type of dataset, but sites like Airbtics have taken a quantum leap forward and solved this problem to provide this resourceful service to investors!
Explore a city and get reliable dynamic data that can make things easier for you. And to know whether a market will provide you with a rewarding experience, you will need to collect important information such as the average revenue, occupancy rates, nightly rates, and seasonality, among others. Fortunately, Airbtics Dashboard can help you with this tiresome task.
Now, you will have a better view of your target market. But what if you want to dive deeper and obtain more specific data points? Then, you’d play around with the filters and find the best results. You can use filters to find out what type of property offers the most attractive profit in your preferred area. And the best part of using dynamic data is that when you move and zoom in and out of your map, the data will also change accordingly.
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!
Make data-based strategies with reliable Airbnb data
Overall, we can conclude that Manchester’s real estate market offers a variety of property options and profitable locations, both neighborhoods and nearby cities, that could lead investors to a rewarding investment experience just by listing their houses or flats on Airbnb.
But you better not hurry up yet as we recommend exploring more good places to invest in property in the UK thoroughly so that you won’t miss out on better opportunities. This is why is important to analyze markets using dynamic data with Airbtics.
After finding out the best places to invest in Airbnb in Manchester, you should continue your research! Make smart investment decisions that will help you improve your Airbnb strategies by using the best tools such as the STR’s profit calculator. Join hands with Airbtics and maximize your profit now!
Short-Term Rental Data
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