Tag: lat_55.9533456

Guaranteed Profitability: Best Airbnb Properties in the UK under £100K

Post author By Robyn Peña
Post date March 24, 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!

Tags Airbnb Investments, lat_55.9533456, lng_-3.1883749

Airbnb Rules All About Airbnb

Edinburgh Airbnb Rules

Post author By Robyn Peña
Post date July 1, 2022

Edinburgh 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 >

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

August 17, 2023

Is Airbnb legal in Edinburgh?

Don’t worry, Airbnb is legal in Edinburgh! Edinburgh is considered as the world’s best festival city filled with culture, comedy, literary arts, and so much more! With the city’s military stronghold, this city is a center of intellectual activity.

Currently, there are 5,557 Airbnb listings in Edinburgh, with 54% of entire houses earning up to £2,811 a month, 30% managed by professionals, and 70% managed independently. Apart from complete houses, Edinburgh’s Airbnb offerings include 28% of private rooms and 16% of apartments(condos). The average occupancy rate in Edinburgh is 51% and the average daily rate is £181. According to vacation rental market data source Airbtics, a 2-bedroom apartment in Edinburgh can make up to £39,960 each year.

Short-term rentals policy in Edinburgh

A planning permission is necessary to change their residential dwelling to short-term visitor accommodation
Check to see if a Building Warrant is required to operate your Short-Term or Holiday Let as a non-domestic use (more than 6 visitors) and/or alterations to the property
Ensure you have a valid legal contract with the visitors staying on the property
Check the implications of renting your property for your mortgage and tax purposes and check your title deeds for any conditions that would prevent the property from being used for a Short-Term Let
Ensure you have the correct landlord insurance in place
Ensure you have an Energy Performance Certificate (EPC) that has been issued in the last 10 years

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: £1,500 for a vacation week vs. £1,500 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.

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Tags Airbnb Rules & Regulations, lat_55.9533456, lng_-3.1883749

Airbnb Rules All About Airbnb

Your Guide to Success: Airbnb Hosting in Edinburgh + info about the latest regulations!

Post author By Robyn Peña
Post date March 21, 2022

Edinburgh ‘s Airbnb & short-term rental regulations are important for hosts and property investors’ success. Find out more and be a pro!

Home > Resources > Airbnb Rules >

Edinburgh ‘s Airbnb & short-term rental regulations are important for hosts and property investors’ success. Find out more and be a pro!

September 1, 2023

3 Facts About The Latest Airbnb Regulations in Edinburgh

I’m sure that you’ve seen what’s all over the news in Edinburgh about the declaration of an area of control for Airbnb hosts. The City of Edinburgh will impose certain requirements that are set for final approval by the Scottish Government. But the question remains unanswered for the dedicated super hosts who are primarily involved in this situation: what to do next?

You’ll be surprised that amidst the new rules & regulations for Airbnb and short-term rentals in Edinburgh, there really is a silver lining to this.

Here are 3 facts that you need to know about the latest control area:

1. The ‘control area’ refers to a mandate whereby property owners must acquire planning permission to run a short-term let. According to Edinburghlive, the coverage of this mandate will revolve around the entire city of Edinburgh and will not focus on a particular city center.

2. On the other hand, for hosts who have continuously used their residence in the past as a short-term let (for more than 10 years) prior to implementation of the designated control area without any enforcement action taken – applying for planning permission is NO LONGER required!

3. According to Aberdein Considine, a well-known law firm in Scotland, existing Airbnb hosts are still required to apply for a license for their respective properties in order for them to operate as a short-term let until April 1, 2023.

Setting Realistic Expectations For Your Business

As business-minded professionals working in the digital era, one of the many advantages that we have to savor is having instant and reliable access to basically everything that we need.

If you want to focus on setting a target market for your new business, and identify a particular country or city to branch out to, it’s definitely important to recognize this information in order to assemble realistic expectations.

The good news is that Airbtics is designed to do more than that. You can keep track of your annual profit, base it on a list of available properties, and have knowledge of the necessary fees and occupancy rates.

Since planning permission will soon be declared mandatory by the Scottish Government, you no longer need to worry about presenting insufficient data, an unorganized planning structure, or having your planning permission rejected. With the help of Airbtics, the data that you need will be served right at your fingertips.

Here’s a glimpse of the market overview which portrays 6,585 listings under the insights section when you try to target Edinburgh. All you have to do is simply input the city of your choice or zoom in and out to get more specific results, et voila! You will be able to easily identify the number of listings & historical market trends that will automatically adjust according to your chosen area.

But wait, there’s more! There are also a handful of other exciting and informative features that Airbtics offers to professionals like you. This includes profit simulation and extra prices which will truly help in setting clear expectations for your business.

For instance, as seen in this photo, you can have a glimpse of your annual revenue and expenses.

According to the data presented, you can already expect annual revenue of $37,632 in the Edinburgh area alone.

Without a doubt, once you have a comprehensible vision of the necessary data that you need in the Airbnb business, success is just waiting for you right around the corner.

Overall Conclusion

The latest regulations imposed by the City of Edinburgh Council are set for approval and will soon be implemented citywide. This will require hosts to secure planning permission, except for those who have been actively using their home as a short-term let for 10 years prior to this implementation.

Since the rapid growth of the Airbnb industry in Edinburgh is consistent & evident, Airbnb hosts should consider taking advantage of our digital platform in order for them to successfully plan and achieve their goals & expectations based on real-time analytics for their Airbnb businesses. But if you’re still uncertain about investment in Edinburgh, you can also go ahead and explore other buy-to-let areas in the UK!

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.

Tags Airbnb Rules & Regulations, lat_55.9533456, lng_-3.1883749

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Key Takeaways

Introduction

Where is Airbnb most profitable in the UK?

1. London, England

2. Edinburgh, Scotland

3. Belfast, Northern Ireland

4- Cardiff, Wales

What is a Good Occupancy Rate for Airbnb in the UK?

Where is the best place to invest in Airbnb UK?

1. Farnham

2. Bishop, Auckland

3. Bradford

4. Anfield

5. Birkenhead

Takeaway

Is Airbnb legal in Edinburgh?

Short-term rentals policy in Edinburgh

Short-term rental policy in the UK

Pros and Cons of running Airbnb

Pros

Cons

Conclusion

Quick Links

Quick Links

3 Facts About The Latest Airbnb Regulations in Edinburgh

Setting Realistic Expectations For Your Business

Overall Conclusion

Quick Links

Quick Links

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