Airbnb hosts and landlords of short term let properties in Walton, Liverpool are achieving the best yields in the North West’s largest cities of Liverpool and Manchester, according to research by short term letting agency, Portico Host.
Airbnb hosts in Walton can expect to achieve a rental yield of 30.68%, compared to landlords of longer-term rentals, who can achieve a yield of 7.88%. The highest long-term rental yield in Liverpool and Manchester can be found in Fairfield, Liverpool at 12.52%. The Airbnb yield is based on an occupancy rate of 60% of the year, which is typical for these types of properties due to seasonal demand*.
Walton is on the outskirts of Liverpool city centre and is a diverse and longstanding residential area. Property prices are cheaper here than in other Liverpool postcodes and much cheaper than in London, where the average property price is four times that of Liverpool, enabling landlords to achieve exceptional yields.
Of the ten best performing locations for short term let yields, the top five are in Liverpool postcodes: L4, L6 and L7. In Manchester, the highest Airbnb yields can be found in Hulme (M15) at 17.4%.
Rachel Dickman, Regional Manager, Portico Host, said: “It perhaps isn’t surprising to find that the properties that are achieving the greatest returns are those that are situated in areas surrounding Liverpool and Manchester city centres. These places typically have excellent transport links, proximity to popular tourist attractions, employment hubs, and good restaurants and cafes.
“Liverpool is becoming increasingly popular on the tourist trail, with 1.34 million people visiting the city in 2018, and with business travellers, students and young professionals. A growing number are wanting to stay in short term let properties, and the increased demand for this type of accommodation is underpinning the rents that can be achieved.”
* Methodology: Portico has produced the research by analysing rental data from AirDNA and Rightmove.