Last updated on September 1st, 2023
Property under 100k UK
Key Takeaways
- As the cost of living increases in the UK, Brits are taking advantage of sharing their homes on Airbnb to earn a passive income. Airbnb declares in a report from last year that more hosts have joined the community since there was also an increase in energy bills.
- Discover affordable Airbnb properties in the UK below £100,000 and make the wisest investment decisions based on accurate Airbnb data! This includes the potential profitability, seasonality, valuation of properties, and more.
Introduction
It’s no surprise that more property investors are keen to invest in the UK. Because who wouldn’t want to earn more money and achieve financial independence?
UK offers a variety of exciting tourist attractions, festivals, and most importantly – profitable investment opportunities.
Whether it’s your lifetime dream to own a property in the UK or earn an additional side income, you can combine both through Airbnb investment. To make things even better, did you know that you can buy a house in the UK for less than 100k pounds? Yes, you can!
In this article, we’ll feature cheap and affordable property investments under £100k in the UK. For a more accurate comparison, we backed them up with Airbnb data. Continue reading to learn more!
Where is Airbnb most profitable in the UK?
Generally, Airbnb is most profitable in locations that are in demand with less saturated markets. Check out the major cities in the UK that can bring the most profit according to Airbtics’ data:
1. London, England
- Airbnb annual revenue: £65,604
- Average property price: £523,666
- Gross rental yield: 12.52%
- Airbnb occupancy rate: 88%
- Average daily rate: £241 (1-bedroom apartment/condo)
2. Edinburgh, Scotland
- Airbnb annual revenue: £38,566
- Average property price: £331,705
- Gross rental yield: 11.62%
- Airbnb occupancy rate: 94%
- Average daily rate: £111 (1-bedroom apartment/condo)
3. Belfast, Northern Ireland
- Airbnb annual revenue: £33,782
- Average property price: £293,992
- Gross rental yield: 11.49%
- Airbnb occupancy rate: 76%
- Average daily rate: £126 (2-bedroom apartment/condo)
4- Cardiff, Wales
- Airbnb annual revenue: £30,569
- Average property price: £261,999
- Gross rental yield: 11.66%
- Airbnb occupancy rate: 50%
- Average daily rate: £160 (2-bedroom apartment/condo)
While the Airbnb data is limited to major cities, there are certainly other profitable Airbnb boroughs in the UK.
An Airbnb host can expect a solid occupancy rate of 55% and a monthly revenue of £2,442 in the UK. And this revenue is just for operating a 1-bedroom apartment/condo, so you can expect more if you own more than 1 property that can cater to more guests.
What is a Good Occupancy Rate for Airbnb in the UK?
Ideally, a good occupancy rate should be at least 50% or higher but it should also generate a solid return. For instance, Airbnb occupancy rates in London are the highest in September as seen on Airbtics’ data.
However, high occupancy rates are not the only metrics that should be looked into when investing in a market. You should also look into the average daily rates, gross rental yield, and average length of stay among others.
Where is the best place to invest in Airbnb UK?
There are several Airbnb host expenses to consider, but the most crucial part is deciding the property’s location. So it leads you to the final question, where can you invest in an Airbnb property? We found a few undervalued investment properties for sale in the UK!
Discover the most recommended neighborhoods for buying an Airbnb property under 100k in the UK:
1. Farnham
One of the cheap property prices in England is in Farnham. With only £68,750, you can purchase a 1-bedroom flat and operate an Airbnb following the Airbnb rules in England.
- Property price of 1-bedroom flat as seen on Zoopla: £68,750 (£139/sq.ft)
- Gross rental yield: 28%
- Airbnb occupancy rate: 68%
- Average daily rate: £84
- Airbnb annual revenue: £19,681
- Existing Airbnb listings: 46 listings
2. Bishop, Auckland
- Property price of 3-bedroom flat as seen on Property Price Advice: £97,500
- Gross rental yield: 23%
- Airbnb occupancy rate: 67%
- Average daily rate: £93
- Airbnb annual revenue: £22,691
- Existing Airbnb listings: 7 listings
3. Bradford
- Property price of 1-bedroom flat as seen on Zoopla: £93,950
- Gross rental yield: 18%
- Airbnb occupancy rate: 47%
- Average daily rate: £108
- Airbnb annual revenue: £17,737
- Existing Airbnb listings: 158 listings
4. Anfield
- Property price of a 3-bedroom property as seen on Property Price Advice: £69,950
- Gross rental yield: 51%
- Airbnb occupancy rate: 42%
- Average daily rate: £216
- Airbnb annual revenue: £36,156
- Existing Airbnb listings: 69 listings
5. Birkenhead
- Property price of a 3-bedroom property as seen on Property Price Advice: £99,950
- Gross rental yield: 38%
- Airbnb occupancy rate: 74%
- Average daily rate: £133
- Airbnb annual revenue: £38,197
- Existing Airbnb listings: 182 listings
Takeaway
In general, Airbnb data shows that property investments in the UK can be profitable. The even greater news is that there are several other properties that are undervalued. Particularly in the UK, a property under 100k or even 50k can be difficult to find.
Now that you have a brief overview of where to invest, take the next step by comparing other UK cities’ Airbnb statistics. If you’re looking to invest in a property in other boroughs, using an Airbnb profit calculator will help you make data-based decisions.
Wondering which area in the UK has the highest rental yield? With one click, you can easily discover this. Don’t make the wrong investment decisions based on guesses, try Airbtics now and stand out among your competitors!
