lat_53.4794892 Archives | Airbtics

airbnb property for sale manchester City Centre

Manchester is known as a city with diverse gastronomy, it offers plenty of exciting options for travelers with various tastes. And let’s not forget, Manchester’s popular for its sporting events and is currently home to two of the world’s leading football clubs!

Manchester is also famous for being the first industrialized city in the world and has grown in both size and renown in recent years, turning into a musical and gastronomically diverse hub.

To begin with, it’s certainly a must to consider the major things to look out for when buying a property for Airbnb. While rental arbitrage in the UK is fairly popular and does not require you to purchase a property, it’s still the best to learn about buying a property for Airbnb and making sure it’s profitable.

Aside from a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. It’s also good to know that Airbnb rules in Manchester have a 90-day limit to operate a short-term rental without a permit, similar to London. In this article, we’ll discuss the metrics in order to gauge the best property investment, specifically when buying a property investment in the UK.

This includes the best website recommendations for property investment, defining property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location.

Is Property Investment Profitable in Manchester City Centre?

Since the UK has the fastest-growing property markets across the globe, there is a wide variety of profitable property investments offering higher yields. Using a short-term rental calculator, it was discovered that a 3-bedroom apartment in Manchester City Centre can generate an annual revenue of £57,686 with a steady occupancy rate of 70% and a nightly rate of £228.

airbnb property for sale manchester City Centre

Profitable Properties for Sale in Manchester City Centre

Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.

At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Here are some of the profitable properties in Manchester City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

Disclaimer: The properties featured in this article are indicated as examples and there is a possibility that they have already been sold and removed from the website's listings.

Great Horton Road, Great Horton, Bradford BD7

1. Studio-type Property for Sale Manchester
0.8 Miles to Bradford Interchange

Asking Price: £55,000

GROSS RENTAL YIELD	25.64%
ANNUAL REVENUE	£14,101
CASH ON CASH RETURN	51.15%

2 Ashley Road, London N17

2. 1-Bedroom Property for Sale Manchester
0.9 miles to Deansgate

Asking Price: £80,000

GROSS RENTAL YIELD	24.28%
ANNUAL REVENUE	£19,425
CASH ON CASH RETURN	47.08%

Brook Court, Manchester M7

3. 2-Bedroom Property for Sale Manchester
1.9 miles to Clifton (Manchester)

Asking Price: £94,995

GROSS RENTAL YIELD	26.72%
ANNUAL REVENUE	£25,383
CASH ON CASH RETURN	54.39%

Banning Street, London SE10

4. 3-Bedroom Property for Sale Manchester
1 miles to Church & Oswaldtwistle

Asking Price: £120,000

GROSS RENTAL YIELD	24.85%
ANNUAL REVENUE	£29,823
CASH ON CASH RETURN	48.79%

Burnley Road, Crawshawbooth, Rossendale BB4

5. 4-Bedroom Property for Sale Manchester
3.9 miles to Accrington

Asking Price: £150,000

GROSS RENTAL YIELD	25.57%
ANNUAL REVENUE	£38,351
CASH ON CASH RETURN	50.93%

Conclusion

Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Manchester such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.

Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!

As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.

Manchester Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you started on your journey!

Home > Resources > Airbnb Rules >

Manchester Airbnb Rules is a complete guide that will provide you with an overview of the guidelines and get you started on your journey!

August 16, 2023

Is Airbnb legal in Manchester?

Don’t worry, Airbnb is legal in Manchester! Manchester is the largest metropolitan area in the north of England, and it remains an important regional city, but it has lost the extraordinary vitality and unique influence that put it at the forefront of the Industrial Revolution.

Currently, there are 3853 Airbnb listings in Manchester, with 45% of entire houses earning up to £2,289 a month, 37% managed by professionals, and 63% managed independently. Apart from complete houses, Manchester’s Airbnb offerings include 36% of private rooms and 18% of apartments(condos). The average occupancy rate in Manchester is 46% and the median daily rate is £127. According to short-term market data source Airbtics, a 2-bedroom apartment in Manchester can make up to £36,144 each year.

Short-term rentals policy in Manchester

90-day limit (without a permit) similar to London
Compliance to Board of Health regulations and Fire – Department safety measures (fire/smoke alarms and CO monitors)
Name of a local authorized agent who can act on behalf of the owner in the absence of the owner in the case of any problems, violations or emergencies
Agreement to maintain a guest registry showing the name of each guest and the night(s) of their stay

Short-term rental policy in the UK

The letting must NOT be for longer than 31 continuous days. A period of longer than 31 days is deemed to be a ‘long’ stay.
The let property needs to be made available for rent for at least 210 days in a tax year.
The rental needs to be actually let for at least 105 days of that tax year, for periods shorter than 31 days at a time.

Pros and Cons of running Airbnb

Short-term rentals are vacation rental properties rented out on a short-term basis to guests, like hotels. This form of rental helps guests to feel more at ease and “at home” because the properties are typically designed in this manner.

A long-term rental is the most common sort of rental property utilized for residential purposes. This sort of rental property is usually protected by a long-term lease agreement with more binding terms than a short-term rental. Renting out their homes for a higher price than their mortgage allows them to generate regular income regardless of the market. Because it is more traditional and well-known, most people are more familiar with this sort of rental property.

Now that we’ve defined vacation rentals and long-term rental properties, let’s look at each component of rental properties that explains both the benefits and drawbacks of a short-term or long-term rental.

Pros

1. Flexibility – You have the option of renting for days, weeks, or months. You can rent as much or as little as you want. There’s also the possibility of going on a trip at any time and earning money while doing so!

2. Privacy – Short-Term Rentals are ideal for families. They provide guests with more privacy and space than standard hotels.

3. Earns more money than a long-term rental – It’s simple to calculate: £1500 for a vacation week vs. £1500 per month to rent for a year.

4. Good Deductions – There are numerous popular deductions available to rental property owners. Cleaning and maintenance, insurance, management fees, and utilities are just a few of the costs to consider. You may make a loss and avoid paying taxes entirely if you take enough deductions.

5. Tax Breaks – Short-Term Rental Owners receive the best home-related tax breaks.

6. Less Wear and Tear on the Property – With frequent renters, you can keep up with tiny repairs before they become major issues!

7. Social Advantages – There are a lot of interesting people in the world, and many of them travel! Your next acquaintances in a Short-Term Rental could evolve into lifelong buddies!

Cons

1. Inconsistent payments – If you rely on a stable income, a yearly renter is a much safer option. There’s a chance you won’t have a Short-Term Renter for weeks or months.

2. Must cover the utilities – Utility costs are usually paid by long-term renters. Short-term tenants don’t.

3. Increased risk – There is a higher danger of theft, breakage, or problem tenants because of the number of tourists going through your doors.

4. Requires extra effort – Running a Short Term Rental requires more effort because you are the innkeeper. You’ll be in charge of collecting money, scheduling clients, and bringing in tenants. You’ll do it every week instead of every 5 years or so!

5. Additional maintenance expenses – As the landlord, you are responsible for housekeeping, pool maintenance, and general upkeep. Not always the case with a long-term renter.

6. Some HOA – Managed neighborhoods make it tough and complicated to rent short-term Rentals. People prefer comfortable, peaceful surroundings where they feel safe and know everyone, rather than random strangers coming and going at all hours. They may submit complaints, and some HOAs may sue Short-Term Rental Owners.

Conclusion

If you’ve made it this far, you’re thinking of starting an Airbnb.

We’ve been assisting folks like you, who are first-time Airbnb hosts. We don’t provide consulting since we aren’t experts in running Airbnb businesses; but, we do provide useful data to Airbnb hosts.

You may use the Airbtics dashboard to figure out how much money you can make doing Airbnb in your city. Unlike other online Airbnb income calculators, it will provide you with a lot more useful information, such as

which neighborhood to target,
which amenities are in high demand,
what is the market’s historical performance,
what are the occupancy rates of a two-bedroom house,
should I do a two-bedroom house or a three-bedroom house?

Well, if you are new, there are many Airbnb host communities on Facebook. Type “Airbnb host” in the Facebook search, and you’ll see plenty of active communities where you can get help from experienced Airbnb hosts.

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.

🎉 FREE WEBINAR - July 24th, 11am / 8pm CET - Learn Airbtics in 7 Minutes - Revenue and Market Analysis Tips and Best Practices!

Is Property Investment Profitable in Manchester City Centre?

Profitable Properties for Sale in Manchester City Centre

Conclusion

Is Airbnb legal in Manchester?

Short-term rentals policy in Manchester

Short-term rental policy in the UK

Pros and Cons of running Airbnb

Pros

Cons

Conclusion

Quick Links

Quick Links

Annual Airbnb Revenue in Moses lake washington, USA

Annual Airbnb Revenue In Mississauga Ontario Canada

Top Property Management Companies Miri, Malaysia

How to Promote your Airbnb Listings the Right Way: 10 Effective Strategies & more!

Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Melbourne City Centre

Annual Airbnb Revenue in Malden massachusetts, USA

Airbnb Data At Your Fingertips!

Get Started

Support

Our Customer Representative

Solutions

About Airbtics

Resources

Our Customer Representative

Free Webinar

Learn Airbtics in 7 Minutes

ARE YOU IN?