A property consultancy selling rental units says there’s been exponential growth in the short-lets AirBnb-style rental market over recent months.
The yields are exceptionally high potentially ranging between 12 and 20 per cent, the consultancy claims.
Rayna Hunter, chief executive of LH1 Global, says: “Short term rental demand has risen in tandem with the everchanging modern lifestyle, which has seen more people looking for temporary accommodation rather than setting down roots.
“The demand now outstrips supply increasing short term rental prices rise and in turn delivering significant gross yields that is making this property type a very attractive proposition for investors. We’re excited to be marketing a number of high-quality homes across multiple developments that provide excellent short-term rentals.”
LH1 Global is currently marketing multiple properties across the UK that it claims are providing investors with high returns.
A centrally located development Centro on Merseyside is currently on the market, featuring a range of one-bedroom apartments priced between £70,250 to £89,750, offering investors gross yields averaging over 20 per cent.
This development is also considered to be a commutable location between the fantastic cities of Liverpool and Manchester, situated near the motorway network and national railway, with links to regional projects like the new deep-water berth at Liverpool 2.
“The Printworks” in Bradford, comprises a collection of 137 apartments one and two-bedroom apartments, with prices ranging from £120,000 to £155,000, reportedly garnering an overall yield of over 12 per cent.
This is the former home of the renowned Hallmark Cards and consists of a stunning Grade II-listed conversion, with two ground-up new build blocks, adjacent to parkland, a golf course, and a school.
Another location that has sparked attention for property value growth is Cheltenham. This area is positioned in terms of the short-let market for holidaymakers or tourists.
Currently on the market with LH1 Global is a bespoke development with period features known as ‘The Residence’, providing flats starting at £194,500, with gross yields the consultancy claims exceed 15 per cent.