• Sheffield can be an attractive city for investors since it offers a real estate market that fills the needs of investors while providing a good return on investment.
• Find out the top rental markets in Sheffield and nearby cities along with their recommended property types, average Airbnb revenue, GRY and more reliable data provided by Airbtics.

Introduction

The historical city of Sheffield is situated in South Yorkshire, at the eastern foothills of the Pennines and the valleys of the River Don which provides views of striking green landscapes. This destination offers unique experiences to everyone who ventures into its vibrant streets as it’s filled with sites of interest.

Nowadays, Sheffield is an important educational, technology and cultural center with a steady housing demand, which helps to provide a more favorable return on investment. On top of that, Sheffield is among Airbnb’s top trending travel spots for 2023 domestic travel in the UK. 

But before making a crucial decision, it’s important to set clear goals to guarantee your investment success, especially if you are considering investing in the Sheffield rental market.

In this article, with the help of Airbtics Dashboard, we gathered the best places to invest in Airbnb in Sheffield. We also mention some of the main reasons why you should consider buying to let in this city. Stoked to learn more? Then continue reading!

Why should you consider investing in short-term lets in Sheffield?

Buying investment properties in Sheffield 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 this city can help you build your path toward financial freedom:

• Stable economy

Sheffield owns a diversified and prosperous economy with a strong job market and steady demographic growth. The key industries are those related to advanced manufacturing, creative industries, education, healthcare, tourism and the financial sectors.

Furthermore, considering that Sheffield is a university city, there’s a huge student population that opens the doors to strong demand for rental properties. Thus, if you’re considering doing a student accommodation investment, then Sheffield is a target that you should keep in mind.

• Great quality of life

Imagine living in a city filled with lively streets, stunning green areas and fascinating cultural attractions. Sheffield offers you the possibility of enjoying all of these aspects and much more! The city has modern infrastructure with a reliable transport system, great educational institutions, and plenty of commercial and residential spaces. Moreover, Sheffield has excellent connectivity at both domestic and international levels.

This city is also considered one of the most affordable cities to live in the UK. The property prices vary greatly depending on the area, but overall, the median value is £243,247.

• No shortage of leisure options

Sheffield is highly known for its thriving artistic and cultural scene. The city is home to a variety of art galleries, theaters, exhibition halls and museums. Moreover, it also hosts exciting festivals, events and concerts that attract a large visitor influx throughout the year.

If you’re an outdoor enthusiast, you will also love Sheffield as there’s no lack of green areas. The Peak District National Parl is also located near the city, allowing locals and visitors alike to enjoy stunning views and outdoor activities like climbing, hiking and biking.

Is the Sheffield rental market profitable for Airbnb?

Operating a successful Airbnb listing that can provide a favorable return on investment is not an unreachable dream anymore! Airbtics confirms that short-term lets in Sheffield can help you earn a nice income stream. In fact, this city is one of the top profitable Airbnb cities in the UK!! 

According to Airbtics’s data, Airbnb hosts can earn an average annual revenue of £33,617 with a median occupancy rate of 48% for operating a 1-bedroom apartment in Sheffield.