Embark on a fulfilling investment experience by investing in the top areas for buy-to-let Aberdeen! Learn more about this market here.
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Embark on a fulfilling investment experience by investing in the top areas for buy-to-let Aberdeen! Learn more about this market here.
- Last updated January 31, 2024
Key Takeaways
- The rental market in Aberdeen presents plenty of investment opportunities for investors aiming to invest in short-term lets and student housing. By listing their property on Airbnb, many hosts were able to earn a nice rental income.
- With the help of Airbtics, we were able to pinpoint Aberdeen’s top buy-to-let areas. Among other datasets, we also reveal the best property types you can get, along with their gross rental yields and potential annual revenue.
Unlocking Aberdeen’s Rental Market Lucrative Opportunities!
Known as the Oil Capital of Europe, the city of Aberdeen is located in the North East region of Scotland and is surrounded by the North Sea. This destination is renowned for its breathtaking landscapes composed of wonderful hills and mountains, rivers and quiet beaches. Aberdeen also features a rich heritage and plenty of fascinating historical sites and well-preserved granite buildings that gave it the nickname of “Granite City”.
It’s a given fact that Aberdeen stands out for many reasons such as its solid economy, affordable housing market and striking scenery. Additionally, Aberdeen presents a favorable environment for property investments, which can be quite the catch for investors looking to maximize their returns.
But take your time as you should do thorough research beforehand and set clear goals that will help you to make well-informed decisions. This is an important factor that shouldn’t be overlooked, especially if you want to operate a successful Airbnb business in Aberdeen.
In this blog, we will go over some of the benefits of investing in buy-to-let properties in Aberdeen as well as the top locations to set up an Airbnb listing. Want to learn more? Continue reading if so!
Why should you consider buying an investment property in Aberdeen?
Aberdeen is known for various things such as its diversified economy, stunning landscapes and attractive opportunities that can quickly draw the attention of property investors. However, it’s always a good idea to consider the benefits that the real estate market can provide for investors. By knowing these advantages, they will have a better understanding of the rental market which will help them to make better investment decisions.
Some of the benefits of purchasing an investment property in Aberdeen include:
High rental demand
There’s a large influx of professionals working in the oil and gas industry in Aberdeen and thanks to this, the city presents a high demand for rental homes. Additionally, the city is also home to two renowned universities (Aberdeen University and Robert Gordon University) that also attract many students. This opens up a profitable path for investors who aim to cater to student properties in Aberdeen.
Moreover, Aberdeen is regarded as one of the cheapest cities in the UK for first-time buyers. Currently, the average house price in Aberdeen is £183K. It’s for this reason that investors can potentially obtain higher returns on their investments while also stepping into the UK’s property market at an affordable cost.
Diversified economy
Aberdeen has long been regarded as one of the UK’s economic powerhouses thanks to its oil and gas industry. However, Aberdeen continues growing at a steady rate and has gradually diversified its industries! Some of its thriving sectors are those related to life sciences, tech, renewable energy resources, aquaculture and marine sciences. This provides plenty of employment opportunities to professionals, which also helps the city to enjoy a strong housing demand.
Great living conditions
We can deny that Aberdeen is quite a charming city and the best part of it is that it features a clean and safe environment! Moreover, locals and visitors alike can also enjoy a good standard of living since the city offers a wide range of high-quality services such as a reliable healthcare system, good educational opportunities and well-developed infrastructure.
However, it’s not all rosy if we consider the oceanic climate of Aberdeen. This means that the city features cold weather with high levels of humidity most of the year. Summers are short and cool with plenty of cloudy days. Thus, you should be ready to bear these climate conditions if you are targeting Aberdeen.
Take your time to discover this beautiful city
Aberdeen features a fascinating history and heritage that one must discover while staying in the city. The cultural scene in Aberdeen is thriving, and there are a variety of events and festivals which are held all year round. There’s also a large selection of museums, art galleries, restaurants, bars, shops, and entertainment venues, so you will always have something fun to do.
Additionally, Aberdeen is located in a region that is highly known for its breathtaking natural landscapes. This destination owns striking areas that are loved by outdoor enthusiasts like walkers, and windsurfers. Moreover, Aberdeen Harbour is a hotspot for marine wildlife watching!
Is Airbnb profitable in Aberdeen?
Wondering if owning an Airbnb property in Aberdeen is worth the effort? Don’t worry! Airbtics confirms that investing in rental properties in Aberdeen can help investors like you earn a steady passive income.
Let’s dive deeper into Aberdeen’s Airbnb market – According to Airbtics’ STR income estimator, hosts can generate an average revenue of £24,068 with a median occupancy rate of 88% for operating a 1-bedroom apartment in Aberdeen.
buy to let aberdeen
Furthermore, if you’re aiming to host Airbnb guests, you should also take into consideration other factors such as the best type of property and how to write off the necessary expenses.
Top 6 Locations for Short-Term Rentals in Aberdeen
Wanting to know where to buy short-term rental property in Aberdeen? It’s understandable if you’re having a hard time finding the right location to set up your Airbnb listings because Aberdeen has around 32 designated areas. Consequently, each area’s profitability will differ. But don’t sweat it, we are here to lend you a helping hand.
Make sure to check out the best areas for buy-to-let properties in Aberdeen, Scotland:
Best Area | Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Old Aberdeen | 74 | 2 bedrooms | £122,000 (2 BR) | £24,918 | 20.43% |
City Centre | 297 | 1 bedroom | £130,000 (1 BR) | £24,288 | 18.68% |
Bridge of Dee | 34 | 1 bedroom | £60,000 (1 BR) | £21,537 | 35.90% |
Hilton | 64 | 2 bedrooms | £115,000 (2 BR) | £20,818 | 18.10% |
Ferryhill | 63 | 1 bedroom | £82,000 (1 BR) | £17,919 | 25.81% |
Broomhill | 87 | 1 bedroom | £70,000 (1 BR) | £17,279 | 24.78% |
Best Area
Airbnb Dataset
- Total Number of Airbnb Listings: 74
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £122,000
- Airbnb Annual revenue: £24,918
- Gross rental yield: 20.43%
- Total Number of Airbnb Listings: 297
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £130,000
- Airbnb Annual revenue: £24,288
- Gross rental yield: 18.68%
- Total Number of Airbnb Listings: 34
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £60,000
- Airbnb Annual revenue: £21,537
- Gross rental yield: 35.90%
- Total Number of Airbnb Listings: 64
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £115,000
- Airbnb Annual revenue: £20,818
- Gross rental yield: 18.10%
- Total Number of Airbnb Listings: 73
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £82,000
- Airbnb Annual revenue: £17,919
- Gross rental yield: 21.85%
- Total Number of Airbnb Listings: 87
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £70,000
- Airbnb Annual revenue: £17,279
- Gross rental yield: 24.78%
Source: Airbtics Dashboard
Wondering how can you find the best areas for STR 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!
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.
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!
Secure a profitable Airbnb investment with Airbtics!
Overall, we can conclude that owning an investment property in Aberdeen, specifically in the areas mentioned above, can help investors secure a nice return on investment. With a variety of property options and affordable real estate, it’s certainly profitable to manage an Airbnb listing. But don’t rush! Take your time to assess other profitable cities in the UK. This way, you know you won’t miss out on better opportunities.
Knowing the best areas in Aberdeen for buy-to-let properties is undoubtedly a good way to start your investment journey, but to make the wisest investment decisions, you must continue your research. And, in order to analyze the profitability of different rental markets, we advise you to use the best analytics tools, like our Airbnb profit calculator, which will become a great ally while screening the areas!
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.
- Vital vacation rental data from 40 Markets – Airbnb Occupancy Rate, ADR, Revenue, and Listings! Access 2-year data from June 2021 to June 2023.
- Uncover 5-year real estate investability metrics for 40 markets including population, property prices, income levels, Google travel interest, crime, and unemployment trends 2017 - 2021)!
- All yours in 3 business days!
Short-Term Rental Data
Short-Term Rental Data
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