Investing in property in Manchester, Birmingham or Liverpool? Maybe consider Airbnb!

 

All three cities have made it in the top 4 for quickest return on investment for Airbnb properties in the UK, a recent study by online realtor Nested has revealed.

On average, renting out a property in Birmingham as Airbnb will allow you to get the full value paid off in just 38 months, the report explains. In Liverpool and Manchester it will take you 39 months.

Manchester, Birmingham and Leeds named the best for buy-to-let

These figures reveal how Airbnb is becoming much more attractive for many property investors compared to traditional rental property. The Nested study suggests that it may take an average of 215 months to recuperate a property’s entire value when renting it out privately.

Sheffield was the only city to beat our three favourites with an average of only 36 months to regain the full value via Airbnb rental.

The growing “economy of sharing” is opening up new opportunities for landlords across the country to branch out.

At the same time, Generation Rent might begin to struggle even more to find somewhere suitable to live once more property investors opt for short-term letting over the long-term, make yourself at home, rental sector.

CEO of Nested, Matt Robinson said: “The rise of Airbnb is making it harder for renters to find properties as more landlords are preferring to rent to short term renters who pay a premium, but this is a great opportunity for those who have managed to fight their way onto the property ladder to make the most out of their property.”

Another consideration before heading into the Airbnb market may be the wear and tear that comes with this form of renting out a property. constant change in tenants and possible lack of a sense of “this is my home for now” may result in some tenants not taking particularly good care of the investor’s property.

The tenant’s dilemma: Steep rent rises and no property ladder in sight

Additionally, the turnover in cleaning and re-arranging your property is much higher than when renting it out to private tenants for 12 months or longer.

All in all, if you’re looking for quick returns and a new market concept, Airbnb may be the way to go. If, however, low maintenance, long-term investment is your ideal plan, sticking with the private rental sector may be the better choice.

Here are the Airbnb rental return Top 15 according to Nested:

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

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Investing in property in Manchester, Birmingham or Liverpool? Maybe consider Airbnb!

Investing in property in Manchester, Birmingham or Liverpool? Maybe consider Airbnb!

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