Best Airbnb Investment Locations In Manchester
Are you looking to invest in an Airbnb property in Manchester? Look no further! In this article, we will guide you through the best areas to invest in for Airbnb rental properties in Manchester. With its rich history, vibrant culture, and growing tourist industry, Manchester is a perfect location for a profitable Airbnb investment.
Locations we will cover:
Salford / Salford Quays.
Manchester piccadilly.
Old Trafford.
Green Quarter.
We will also show you how to find your own niche properties so you can find your own profitable locations! so let’s get started
Factors to consider when investing in Airbnb properties
Location
When investing in Airbnb properties, there are several key factors to consider to ensure a successful and profitable venture. One of the primary factors is location.
The location of your Airbnb property can have a significant impact on its occupancy rates, nightly rates, and overall profitability. Factors such as proximity to popular tourist attractions, transportation hubs, and local amenities can all play a role in determining the attractiveness of your property to potential guests.
Your target market
Another important factor to consider is the target market for your Airbnb property.
Are you looking to cater to:
Business guests.
Families.
Solo adventurers.
Contractors.
Knowing your target audience will help you tailor your property's amenities, decor, and marketing strategies to appeal to their specific needs and preferences.
Additionally, researching the competition in your chosen location can provide valuable insights into pricing, occupancy rates, and the types of properties that are in high demand.
Your investment
Finally, it's crucial to consider the financial aspects of your Airbnb investment. This includes understanding the costs associated with:
Purchasing.
Renovating.
Maintaining the property.
As well as the potential rental income and occupancy rates. Conducting a thorough market analysis and financial projections can help you determine the feasibility and potential return on investment of your Airbnb property.
By carefully considering these factors, you can make an informed decision and increase your chances of a successful Airbnb investment in Manchester.
Salford / Salford Quays
Salford, located just across the River Irwell from Manchester city centre, is an increasingly popular destination for Airbnb investors. The area is home to Salford Quays, a vibrant waterfront development that has undergone a remarkable transformation in recent years.
Pull for contractors
Salford Quays is a hub for media and technology companies, with the BBC's headquarters and MediaCityUK, a thriving creative and digital hub, both located here.
Tourist & Leisure pull
Salford Quays is home to the Imperial War Museum North, the Lowry arts centre, and numerous restaurants, bars, and shopping opportunities, making it an attractive destination for leisure guests as well.
Airbnb Numbers for Salford
1 bed apartment
Average rent - £850 - £1100.
Average price - £140,000.
Estimated Bills - £250.
Taken from Pricelabs
2 bedroom apartment
Average rent - £1100 - £1300.
Average price - £180,000.
Estimated Bills - £300.
Taken from Pricelabs
3 bedroom apartment / House
Average rent - £1500 - £1800.
Average price - £240,000.
Estimated Bills - £400.
Taken from Pricelabs
Stayful’s Opinion On Salford
Pricelabs numbers are slightly low, if you focus on creating a unique stay you could increase your occupancy and pricing to 70% and you need to focus on your target market, Pricelabs pool data from lot’s of listings and our goal as investors is to be in the top percentage and we do this by being better then average and creating more value for money, bigger properties will be the best way to go with Salford.
Salford is a great location for Airbnb.
Old Trafford
Old Trafford, home to the iconic Manchester United football stadium, is another prime location for Airbnb investors in Manchester. The area attracts a steady stream of sports enthusiasts and fans throughout the year, making it an ideal destination for short-term rentals.
Pull for tourist & Leisure
The Manchester United stadium is a major tourist attraction, drawing in visitors from around the world who come to experience the thrill of a live match or take a behind-the-scenes tour.
Additionally, Old Trafford is home to the Emirates Old Trafford cricket ground, which hosts international cricket matches and events, further boosting the area's appeal to sports-loving guests.
Old Trafford offers a range of property types, from cosy apartments to larger holiday homes, catering to the diverse needs of sports fans and tourists.
The area's proximity to the stadium, as well as its excellent public transportation links to the city centre, make it a convenient and desirable location for Airbnb guests.
Numbers for Old Trafford
1 bed apartment
Average rent - £850 - £1100.
Average price - £140,000.
Estimated Bills - £250.
Taken from Pricelabs
2 bedroom apartment
Average rent - £1100 - £1300.
Average price - £180,000.
Estimated Bills - £300.
Taken from Pricelabs
3 bedroom apartment
Average rent - £1400 - £1800.
Average price - £250,000.
Estimated Bills - £400.
Taken from Pricelabs
Stayful’s Opinion On Old Trafford
Pricelabs numbers are slightly low, if you focus on creating a unique stay you could increase your occupancy and pricing to 70% and you need to focus on your target market, Pricelabs pool data from lot’s of listings and our goal as investors is to be in the top percentage and we do this by being better then average and creating more value for money, bigger properties will be the best way to go with Old Trafford.
Manchester Piccadilly
Manchester Piccadilly, the city's main train station and a major transportation hub, is another attractive location for Airbnb investors.
Leisure Pull
The area surrounding the station is a bustling hub of activity, with a diverse range of shops, restaurants, and entertainment options, making it a popular destination for both tourist and leisure guests.
Close to transport links
The proximity to the train station is a significant advantage for Airbnb properties in this area, as it provides easy access to the city centre, as well as connections to other parts of the UK and beyond. This makes Manchester Piccadilly an ideal location for guests who need to be well-connected, whether they're visiting for business or pleasure.
Tourist Pull
In addition to the convenience of the transportation links, the Manchester Piccadilly area also boasts a vibrant cultural scene, with several museums, galleries, and performance venues within easy reach.
This diversity of attractions and amenities makes the area an appealing choice for Airbnb tourists, who can enjoy a wide range of experiences during their stay.
Numbers for Manchester Piccadilly
1 bed apartment
Average rent - £1100-£1500
Average price - £160,000.
Estimated Bills - £250.
Taken from Pricelabs
2 bed apartment
Average rent - £1400-£1800
Average price - £240,000.
Estimated Bills - £300.
Taken from Pricelabs
3 bed apartment
Average rent - £2000-£2200
Average price - £280,000.
Estimated Bills - £350.
Taken from Pricelabs
Stayful’s Opinion On Manchester Piccadilly
Pricelabs numbers are slightly low, if you focus on creating a unique stay you could increase your occupancy and pricing to 70% and you need to focus on your target market, Pricelabs pool data from lot’s of listings and our goal as investors is to be in the top percentage and we do this by being better then average and creating more value for money, bigger properties will be the best way to go with Piccadilly and are often very rare to buy and rent at good prices.
The Northern Quarter
The Northern Quarter, a trendy and eclectic neighbourhood in the heart of Manchester, is a popular choice for Airbnb investors. Known for its independent shops, vintage stores, and thriving music and arts scene, the Northern Quarter attracts a steady stream of young, creative travelers and urban explorers.
Leisure Pull
For Airbnb hosts, the Northern Quarter offers a unique opportunity to cater to a specific demographic of guests who are seeking an authentic, local experience.
By offering stylishly-appointed properties that reflect the neighbourhood's vibrant character, Airbnb hosts can tap into the growing demand for immersive, experiential travel.
Transport links
In addition to its cultural appeal, the Northern Quarter is also well-connected to the rest of the city, with excellent public transportation links and a range of cafes, bars, and restaurants within walking distance.
This makes it an attractive option for both leisure and business travelers, who can enjoy the neighbourhood's lively atmosphere while still being able to easily access the rest of Manchester.
1 bed apartment
Average rent - £1100
Average price - £170,000.
Estimated Bills - £250.
2 bed apartment
Average rent - £1300
Average price - £200,000.
Estimated Bills - £300.
3 bed apartment
Average rent - £1800
Average price - £350,000.
Estimated Bills - £400.
Stayful’s Opinion On Manchester Green Quarter
Pricelabs numbers are slightly low, if you focus on creating a unique stay you could increase your occupancy and pricing to 70% and you need to focus on your target market, Pricelabs pool data from lot’s of listings and our goal as investors is to be in the top percentage and we do this by being better then average and creating more value for money, bigger properties will be the best way to go with the green quarter and are often very rare to buy and rent at good prices.
How To Find Profitable Airbnb Locations
Identifying profitable Airbnb locations in Manchester is crucial for maximising your investment returns.
Market research
One effective strategy is to conduct thorough market research, analysing factors such as average nightly rates, occupancy rates, and the types of properties that are in high demand in the area.
Analyse your competition
Another important step is to closely examine the competition in your chosen location. Look at the amenities, pricing, and guest reviews of similar Airbnb properties to get a better understanding of what guests are looking for and how you can differentiate your offering.
This can help you identify underserved niches or opportunities to provide a unique experience that sets your property apart.
Your free Airbnb Income Calculator
We have a free calculator for you to estimate the income of your potential Airbnb and help you find good Airbnb investments here.
Airbnb Management In Manchester
If you are interested in hassle free Airbnb Management for your Airbnb property in Manchester, get in touch and we can provide expertise on income, occupancy & make your investment hands off.