Tag: lng_-1.1496461

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

Post author By Robyn Peña
Post date November 24, 2022

airbnb property for sale Nottingham City Centre

Nottingham’s old city center boasts plenty of remarkable tourist landmarks such as the Old Market Square and City of Caves. It is also the largest such public space in England and is home to the Nottingham Tourism Centre.

Before deciding to purchase a property in Nottingham, it’s certainly important to consider the major costs and revenue. While rental arbitrage in Nottingham is fairly popular and does not require you to purchase a property, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. It’s also good to know that Airbnb rules in Nottingham are not too strict, although a license to operate is required.

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 in Nottingham, which is an important step when buying a property investment in the UK.

This includes the best website recommendations for property investment, 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 Nottingham 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 2-bedroom apartment in Nottingham City Centre can generate an annual revenue of £32,811 with a steady occupancy rate of 68% and a nightly rate of £125.

airbnb property for sale Nottingham City Centre

Profitable Properties for Sale in Nottingham 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. Check out the newly built home properties in Nottingham 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.

Norfolk Street, Coventry CV1

1. Studio-type Property for Sale Nottingham
0.6 to Coventry

Asking Price: £70,000

GROSS RENTAL YIELD	25.36%
ANNUAL REVENUE	£17,754
CASH ON CASH RETURN	50.32%

Marco Island, Huntingdon Street, Nottingham NG1

2. 1-Bedroom Property for Sale Nottingham
2.7 miles to Netherfield

Asking Price: £100,000

GROSS RENTAL YIELD	26.23%
ANNUAL REVENUE	£26,234
CASH ON CASH RETURN	52.93%

Manchester Court, Woodside Drive, Arnold, Nottingham NG5

3. 2-Bedroom Property for Sale Nottingham
2.5 miles to Bulwell

Asking Price: £140,000

GROSS RENTAL YIELD	24.31%
ANNUAL REVENUE	£34,030
CASH ON CASH RETURN	47.15%

Lindisfarne Gardens, Nottingham NG5

4. 3-Bedroom Property for Sale Nottingham
1.5 miles to Bulwell

Asking Price: £160,000

GROSS RENTAL YIELD	26.04%
ANNUAL REVENUE	£41,664
CASH ON CASH RETURN	52.35%

Cyril Avenue, Stapleford, Nottingham NG9

5. 4-Bedroom Property for Sale Nottingham
2.5 miles to Attenborough 2.5

Asking Price: £275,000

GROSS RENTAL YIELD	24.79%
ANNUAL REVENUE	£68,161
CASH ON CASH RETURN	48.59%

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 Nottingham 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.

Tags Airbnb Investments, lat_52.9534193, lng_-1.1496461

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Nottingham

Post author By Robyn Peña
Post date August 9, 2022

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 Nottingham, 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 Nottingham, Steve manages 59 listings and I’m pretty sure he doesn’t own the all properties. He made £1,025,635 in the last 12 months.

How much can I make with rental arbitrage in Nottingham?

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 Lenton, located in the NG7 district which ranks the highest yields (averaging 8.89%) in Nottingham.

Since this neighborhood massively covers both student houses, it has become a desirable area for these tenant groups! Now that we have the best neighborhood to invest in Nottingham, let’s talk about profitability and monthly expenses.

Profit & Monthly Expense in Nottingham

Based on Airbtics’ data, you can earn a whopping £3,799 per month for a 3-bedroom apartment in Lenton alone. With the data provided, you can certainly tell that investing in a property in Nottingham is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
£1,136	£3,799	£760	£1,903

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and monthly expense (£3,799-£1,136-£760 = £1,903).

Startup Cost in Nottingham

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
£4,272	2.2 months

The average estimated startup cost (for furnishing) in Nottingham is around £2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (£2,272). Now that we have a total startup cost of £4,272, cash return time can be calculated by dividing this by the monthly profit (£1,903).

Given your monthly revenue of £1,903, it will take approximately 2.2 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 Nottingham!

Best Areas for Rental Arbitrage in Nottingham

Before investing in a particular area in Nottingham, 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 Nottingham ranked by their annual revenue, along with their occupancy & daily rates!

1. Lenton (NG7)

Lenton is popular for its student houses where you can achieve 8.89% yield! Due to the high demand for rentals, this neighborhood has become one of the prime hotspots for property investment in Nottingham. 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	£697	£1,087	69%	£105
2-bedrooms	£1,010	£2,215	63%	£153
3-bedrooms	£1,136	£3,799	70%	£182

According to our Airbtics Dashboard, there are more than 157 Airbnb listings with 83 private room properties and 97 one-bedroom properties in this area. The monthly revenue for most properties in Lenton is more than £1,811 per month with occupancy being more than 48%.

2. West Bridgford (NG11)

This neighborhood is an upmarket location near Nottingham city centre. This may be a higher-end residential area, but many investors are taking the risk to invest anyway because of its close proximity to sporting attractions and water attractions. 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	£733	£1,100	61%	£91
2-bedrooms	£939	£2,543	66%	£162
3-bedrooms	£1,584	£2,861	58%	£181

This area has a total of 98 Airbnb listings with 33 private room properties and 58 one-bedroom properties. The monthly revenue for most properties in West Bridgford is more than £1,827 per month with occupancy being more than 48%.

3. Beeston (NG9)

Last but not least, Nottingham’s most accessible and fashionable area, Beeston! Investors find this area attractive because of its accessibility to the city centre and cheaper buy to lets. You can expect up to a 4% rental yield in Beeston. 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	£685	£1,306	70%	£77
2-bedrooms	£867	£2,611	75%	£130
3-bedrooms	£995	£2,138	68%	£138

This area has a total of 31 Airbnb listings with 13 private room properties and 21 one-bedroom properties in this area. The monthly revenue for most properties in Beeston is more than £1,243 per month with occupancy being more than 50%.

Short-term rental regulations in Nottingham

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

Required to apply for a licence before you rent your property.
A resident landlord and family can have up to two lodgers living in the house, where this is the case, you do not require a selective licence. Read more about the selective licensing in Nottingham for more details.
If you have three or more lodgers, the house may require an HMO licence (under the additional or mandatory licensing scheme).

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:

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:

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:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

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!

Tags Airbnb Rental Arbitrage, lat_52.9534193, lng_-1.1496461

Airbnb Rules All About Airbnb

Airbnb Rules in Nottingham

Post author By Robyn Peña
Post date July 30, 2022

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 Nottingham 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 Nottingham!

Is Airbnb legal in Nottingham?

Don’t worry, Airbnb is legal in Nottingham! The city associated with Robin Hood’s legend is located in the East Midlands, England and it’s filled with historical attractions. Aside from its rich history and folklore, Nottingham offers a variety of restaurants, shopping centers, clubs, and sports stadiums.

Here is a little proof! As of May 2022, there are 8,504 nights available in Nottingham from Airbnb alone. Steve manages 57 listings, Miroslav and Graham operate 51 and 40 respectively.

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

Currently, there are 438 Airbnb listings in Nottingham, with 56% of entire houses earning up to £2,259 a month. The Average Occupancy Rate in Nottingham is 47% and the average daily rate is £121. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Nottingham can make up to £41,111 each year. Check out our Airbnb Profit Calculator!

Short-term rental policy in Nottingham

Required to apply for a licence before you rent your property
A resident landlord and family can have up to two lodgers living in the house, where this the case, you do not require a selective licence. Read more about the selective licensing in Nottingham for more details.
If you have three or more lodgers, the house may require an HMO licence (under the additional or mandatory licensing scheme).

Buy to Let in Nottingham

Having a buy-to-let property in Nottingham is an outstanding investment because of its large student property market & largest teaching hospital in the UK. This city in the UK caters to numerous students & employees which creates a massive demand for property to buy and rent. Some of the specialist property investment companies that you can contact are Fairview Estates, RW Invest, and Castle Gate.

Property Investment in Nottingham

If you are looking to start an Airbnb business in the UK, particularly in Nottingham, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate Airbnb estimator, it shouldn’t be a difficult task at all!

Buying Property in Nottingham

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find the best places to buy-to-let in Nottingham, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Population	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue	Yields
Lenton (Student Areas)	44,400	£194,000	£415 - £1,500	£1,284	It’s in these districts (based on the NG7 postcode), an 8.89% yield is possible
City Centre	8,000 approx.	£169,716	£1,220	£2,013	A city centre apartment could be expected to earn a 5-6% yield
Beeston	53,148	£259,072	£506	£1,243	The average price in Beeston is £259,072 and yields (based on NG9) are 4%

Source: Nottingham Property Investment

Rental Properties in Nottingham

Buying a property in Nottingham with an impressive rental yield is an excellent way to have a passive income. As the capital of the East Midlands and the biggest shopping centre, property investors in this city are aiming to buy more properties. By looking at the following property investment websites such as Zoopla & On The Market, you can get a grasp of the various prices in Nottingham.