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Airbnb Investment All About Airbnb

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

airbnb property for sale belfast city centre

airbnb property for sale belfast city centre

Are you looking to invest in a property where you can maximize profitability in a particular region? If yes, then 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 that 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. 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 monthly revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more about starting an Airbnb business in the UK? Continue reading to learn more!

Is Property Investment Profitable in Belfast 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 an Airbnb calculator, it was discovered that a 3-bedroom apartment in Belfast City Centre can generate an annual revenue of £42,781 with a steady occupancy rate of 72% and a nightly rate of £156.

airbnb property for sale belfast city centre

airbnb property for sale belfast city centre

Profitable Properties for Sale in Belfast 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 Belfast City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale belfast city centre
airbnb property for sale belfast city centre

 423 Knock Road, BallyHackamore, Belfast BT5 6LA

1. 1-Bedroom Property for Sale Belfast
Offering Ease of Access for the City Commuter to Belfast City Centre and Belfast City Airport

Asking Price: £99,950

GROSS RENTAL YIELD 22.80%
ANNUAL REVENUE £22,786
CASH ON CASH RETURN 42.62%
airbnb property for sale belfast city centre
2-Bedroom Belfast

 Stonebridge Green, Conlig, Newtownards, County Down BT23

2. 2-Bedroom Property for Sale Belfast
1.4 miles to Ballymagee Primary School

Asking Price: £126,000

GROSS RENTAL YIELD 25.79%
ANNUAL REVENUE £32,493
CASH ON CASH RETURN 51.60%
3-Bedroom Belfast
3-Bedroom Belfast

 Crocus Street, Belfast BT12

3. 3-Bedroom Property for Sale Belfast
0.3 miles to St Clare’s Primary School

Asking Price: £85,000

GROSS RENTAL YIELD 24.74%
ANNUAL REVENUE £21,026
CASH ON CASH RETURN 48.44%
4-Bedroom Belfast
4-Bedroom Belfast

  Millars Forge, Dundonald, Belfast BT16

4. 4-Bedroom Property for Sale Belfast
0.6 Miles to Brooklands Primary School

Asking Price: £227,500

GROSS RENTAL YIELD 24.23%
ANNUAL REVENUE £55,133
CASH ON CASH RETURN 46.94%

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 Belfast 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 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.

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Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Belfast

Belfast airbnb rental arbitrage

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Belfast, its profitability, and the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage? 

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property! 

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Belfast, Andrew manages 65 listings and I’m pretty sure he doesn’t own the all properties. He made £882,232 in the last 12 months.  

Belfast airbnb rental arbitrage

How much can I make with rental arbitrage in Belfast?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Belfast City Centre, located in the BT1 district. Overall, Belfast ranks 5th in the UK for rental yield!

Since this neighborhood has generally lower prices than the rest of the UK with an average cost of living, Belfast entices more and more investors yearly! Now that we have the best neighborhood to invest in Belfast, let’s talk about profitability and monthly expenses.

 

Belfast airbnb rental arbitrage
Profit & Monthly Expense in Belfast

Based on Airbtics’ data, you can earn a whopping £4,126 per month for a 3-bedroom apartment in Belfast City Centre alone. With the data provided, you can certainly tell that investing in a property in Belfast is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
£1,063 £2,855 £571 £1,221

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and monthly expense (£2,855-£1,063-£571= £1,221).

 Startup Cost in Belfast

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
£4,126 3.3 months

The average estimated startup cost (for furnishing) in Belfast is around £2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (£2,126). Now that we have a total startup cost of £4,126, cash return time can be calculated by dividing this by the monthly profit (£1,221).

Given your monthly revenue of £1,221, it will take approximately 3.3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Belfast!

Best Areas for Rental Arbitrage in Belfast

Before investing in a particular area in Belfast, you have to take a look at the top markets and number of listings to set your expectations for success. Check out the top 3 neighbouroods in Belfast ranked by their annual revenue, along with their occupancy & daily rates!

1. Belfast City Centre (BT1)

Numerous investors prefer this area because of the attractive rental yields and solid ROI! Not to mention Belfast City Centre’s steady growth in rent and upward growth in property value. Here’s what you can expect in this neighbourhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom £738 £1,628 61% £156
2-bedrooms £860 £2,478 71% £192
3-bedrooms £1,063 £2,855 74% £215

According to our Airbtics Dashboard, there are more than 290 Airbnb listings with 51 private room properties and 125 one-bedroom properties in this area. The monthly revenue for most properties in Belfast City Centre is more than £2,272 per month with occupancy being more than 56%.

2. Belmont (BT4)

According to a recent study about Belfast investment, this neighborhood’s capital growth is the strongest in all of the Belfast areas! It is also slightly in the upmarket area with great accessibility for transportation. Here’s what you can expect in this neighbourhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom £695 £1,556 75% £97
2-bedrooms £866 £1,805 72% £89
3-bedrooms £1,550 £2,460 71% £118

This area has a total of 54 Airbnb listings with 18 private room properties and 28 one-bedroom properties. The monthly revenue for most properties in Belmont is more than £1,4567 per month with occupancy being more than 57%.

3. Woodstock (BT6)

Last but not least, one of the ideal development opportunities for excellent yields — Woodstock! Investors are targetting young professional markets in this area and it has been popular for HMO’s. Here’s what you can expect in this neighbourhood:

Type of Bedrooms Average Rent Price (pcm) Average Airbnb Revenue Occupancy Rates Average Daily Rate
1-bedroom £861 £1,155 82% £97
2-bedrooms £900 £2,353 77% £126
3-bedrooms £1,000 £2,587 70% £182

This area has a total of 115 Airbnb listings with 48 private room properties and 65 one-bedroom properties in this area. The monthly revenue for most properties in Woodstock is more than £1,550 per month with occupancy being more than 53%.

how much can you make on airbnb

Short-term rental regulations in Belfast

To begin with, it’s certainly important to be familiar with the Airbnb rules in Belfast to make sure that your business will run smoothly. Here are some of the short-term rental regulations and laws to take note of:

  • The need for planning permission will depend on the extent to which the short-term holiday let changes the character of the use of the property and the degree to which it impacts its surroundings.
  • All tourist accommodation providers in Northern Ireland (for example, anyone offering overnight sleeping accommodation to tourists for a fee) must receive certification by Tourism NI before they can trade.
  • Under Northern Ireland’s regulations, Airbnb properties are classed as self-catering accommodation. All hosts are required to apply for a certificate that costs £40 and is valid for up to four years.

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Airbtics
ANALYZE BELFAST NOW!
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Airbnb Rules All About Airbnb

Airbnb Rules in Belfast

Belfast Airbnb rules

If you are looking to buy investment properties in the UK, knowing the Airbnb rules in your preferred city is the first step! In this article, we featured Airbnb regulations in Belfast along with short-term let policies, buy to let properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Belfast!

Is Airbnb legal in Belfast? 

Don’t worry, Airbnb is legal in Belfast! Belfast is described as the gateway city to a land of legends. The city boasts a lively historic city center, fascinating museums, a variety of restaurants and many other top-notch attractions.

Here is a little proof! As of May 2022, there are 14,228 nights available in Belfast from Airbnb alone. Andrew manages 58 listings, Central and John operates 17 and 12 respectively. 

How much can I make by running an Airbnb in Belfast?

Currently, there are 598 Airbnb listings in Belfast, with 52% of entire houses earning up to £2,193 a month. Average Occupancy Rates in Belfast is 53% and average daily rate is £104. According to vacation holiday rental data source Airbtics, a 2-bedroom apartment in Belfast can make up to £29,374 each year. Want to discover how much can you make on Airbnb? Then check out our Airbnb Calculator!

Belfast Airbnb rules
Short-term rental policy in Belfast
  • The need for planning permission will depend on the extent to which the short-term holiday let changes the character of the use of the property and the degree to which it impacts its surroundings.
  • All tourist accommodation providers in Northern Ireland (for example, anyone offering overnight sleeping accommodation to tourists for a fee) must receive certification by Tourism NI before they can trade.
  • Under Northern Ireland’s regulations, Airbnb properties are classed as self-catering accommodation. All hosts are required to apply for a certificate that costs £40 and is valid for up to four years.
how much can you make on airbnb

Property in Belfast

Before investing in a property in Belfast, you have to consider the major determinators for success. This includes average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. Here are some of the most recommended areas in Belfast that you can look into & consider purchasing:

Belfast Airbnb rules
Population: 343,000 approximately Average House Price: £145,337

Source: Invest in Belfast

Here are some of the most recommended areas in Belfast that you can look into & consider purchasing:

Area Average House Price Average Rent Price (pcm) Average Airbnb Revenue Yields
City Centre (BT1 - BT2) £226,814 £912 £2,169 Flats in this area can offer a yield of between 2% and 3.9% according to Liveyield
Andersontown, Lady Brook, and Suffolk (BT11) £167,462 £750 £1,607 BT11 can offer typical yields around 5% up to as much as 9.2%
Falls Road, Sandy Row, and The Village (BT12) £117,819 £718 £1,746 Properties in BT12 offer a minimum yield of 3% and a maximum yield of 12.2%

Source: Short-term rental calculator

Buy to Let in Belfast

If you are looking to start an Airbnb business in the UK, this is your go signal to do so! One of the reasons to buy to let in Belfast is its remarkable exponential growth in business industries & tourism. 

Since house prices in Belfast are generally lower than in other cities in the UK, it’s also a feasible option for investors to buy-to-let properties with a strong return of investment (ROI). Using an accurate Airbnb calculator, this shouldn’t be a difficult task at all!

Rental Properties in Belfast

Buying a property in Belfast with an impressive rental yield is an excellent way to have a passive income. As a competitive and connected city, Belfast is the second-fastest growing knowledge economy in the UK with over 80% of business investments. By looking at the following property investment websites such as Propertypal Belfast and Property News Belfast, you can get a grasp of the various prices in Belfast.

buy-to-let

Conclusion 

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do! 

Airbtics
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