Profitable Airbnb Locations UK

Nikka Sulton

Profitable Airbnb Locations UK

Comprising England, Scotland, Wales, and Northern Ireland, the UK ranks among the top global tourism spots. Drawing visitors worldwide, especially from North America and Europe, it boasts lively cities, scenic landscapes, rich history, culture, cuisine, and stunning vistas. Additionally, the UK hosts thriving Airbnb markets, presenting noteworthy investment opportunities.

For those seeking prime UK investment destinations this summer, read on! This piece highlights the UK’s top 10 Airbnb cities, offering crucial metrics like occupancy rates, yearly earnings, average daily rates (ADRs), and domestic/international travel sources.

Can I Start an Airbnb Business in the UK?

Absolutely! There are Airbnb initial expenses to consider. When commencing an Airbnb venture, you have two options:

1. Purchasing a Property

Should your loans and budget align with your intended property cost, we advise a thorough assessment. Property ownership can be thrilling yet financially demanding. Prior to acquisition, employing an Airbnb profit calculator is prudent. This tool doesn’t merely forecast profitability but also unveils potential in undervalued properties, transforming them into sound investments.

2. Rental Arbitrage

This avenue is strongly suggested for investors seeking an initial trial phase. Do you possess modest funds but boundless aspirations for generating passive income? If so, rental arbitrage could be your optimal route.

Rental arbitrage entails subletting properties (within landlord consent) primarily for Airbnb purposes. Although locating landlords who permit this can be a hurdle, multiple online forums provide avenues for discovering such opportunities.

Profitable Airbnb Locations UK

1. LONDON

Renowned for landmarks like Big Ben and Buckingham Palace, London ranks among the UK’s top Airbnb profit centres. Visit Britain reports over 7.4 billion visitors in 2022. Here’s the Airbnb data for London:

Average 1-Bedroom Property Price: £1,074,076 Airbnb Annual Earnings: £25,038 Gross Rental Yield: 2.33%

2. SUNDERLAND

Sunderland boasts affordability and a thriving electronic and motor manufacturing sector. It ranked as the UK’s third most budget-friendly city in 2021 by Prospects Luminate. Here’s the Airbnb information for Sunderland:

Average 1-Bedroom Property Price: £157,344 Airbnb Annual Earnings: £13,623 Gross Rental Yield: 8.66%

3. GLASGOW

Acknowledged as the UNESCO City of Music, Glasgow shines in music, arts, and architecture. With over 3 million annual tourist visits, it’s a cultural hub. Explore the Airbnb details for Glasgow:

Average 1-Bedroom Property Price: £199,181 Airbnb Annual Earnings: £22,803 Gross Rental Yield: 11.45%

4. NEWCASTLE

Newcastle upon Tyne’s medieval charm and landmarks make it a favorite. Rich in history, it also presents enticing investment prospects. Here are the Airbnb figures for Newcastle:

Average 1-Bedroom Property Price: £106,799 Airbnb Annual Earnings: £21,755 Gross Rental Yield: 20.37%

5. NOTTINGHAM

With its cosmopolitan allure and vibrant cultural scene, Nottingham is famed for upscale shopping and the arts. It’s a top pick for student property investments. Review the Airbnb data for Nottingham:

Average 1-Bedroom Property Price: £137,199 Airbnb Annual Earnings: £19,022 Gross Rental Yield: 13.86%

6. BLACKPOOL

Blackpool witnessed a significant surge in 2022 tourist visits, with over 5.1 million from Jan-Feb alone, as reported by INews UK. Iconic sites like Sandcastle Park and Blackpool Tower attract visitors. Here are the recent Airbnb insights for Blackpool:

Average 1-Bedroom Property Price: £74,295 Airbnb Annual Earnings: £17,053 Gross Rental Yield: 22.95%

7. SHEFFIELD

Sheffield not only hosts the world’s oldest football club but also boasts expansive green spaces. Botanical Gardens and Tropical Butterfly House are tourist favourites. Explore the Airbnb details for Sheffield:

Average 1-Bedroom Property Price: £222,373 Airbnb Annual Earnings: £20,810 Gross Rental Yield: 9.36%

8. BELFAST

Belfast’s allure, heightened by the Titanic film, draws increasing tourists each year. The capital of Northern Ireland presents diverse investment opportunities. Uncover the recent Airbnb findings for Belfast:

Average 1-Bedroom Property Price: £109,052 Airbnb Annual Earnings: £26,366 Gross Rental Yield: 24.18%

9. CARDIFF

Seeking castles and charm? Cardiff offers Victorian and Edwardian architecture, making it an appealing choice. Discover the Airbnb data for Cardiff:

Average 1-Bedroom Property Price: £291,255 Airbnb Annual Earnings: £22,662 Gross Rental Yield: 7.78%

10. EDINBURGH

Edinburgh’s UNESCO World Heritage sites and festivals make it a cultural and family favourite. Here are the recent Airbnb statistics for Edinburgh:

Average 1-Bedroom Property Price: £215,402 Airbnb Annual Earnings: £39,784 Gross Rental Yield: 18.47%

Having grasped the top lucrative Airbnb spots in the UK, don’t halt your exploration! Recognising profitable cities is merely a starting point, as neighbourhood specifics matter. Employing an Airbnb income calculator empowers you to gauge markets instantly, monitor local rivals, and craft informed investment choices.