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CAN YOUR HOUSE BE AN ACCIDENTAL INCOME STREAM?

Published on July 7, 2017 by admin

According to our research, the average two bedroom property in London achieves £106 a night (excluding the cleaning fee). This would produce a healthy average monthly income of £2,226 on a 70% occupancy rate, which is the minimum we expect to achieve at Portico Host. When we compare this to the average monthly rent for a two bedroom property in London on a long-term let (£1,777), there’s a huge £449 a month difference.

And as you can see from the colour coding, a huge number of London households are realising the earning potential of short-term rentals. Westminster is the borough with the highest number of active listings at 5,631 and the highest average daily rate at £224, closely followed by centrally located Tower Hamlets with 5,076 listings, and trendy Hackney with 3,572 active listings.

Interestingly, Hammersmith & Fulham and City of London both achieve strong potential average Airbnb day rates, £128 and £181, but less people are taking advantage of these high prices. In fact, there are only 2,506 active Airbnb listings in the whole Hammersmith & Fulham borough – so hosts here are likely to achieve high occupancy rates and therefo

The average two bedroom property in London goes for £106 a night (excluding the cleaning fee). This would produce a healthy average monthly income of £2,226 on a 70% occupancy rate, which is the minimum .. When we compare this to the average monthly rent for a two bedroom property in London on a long-term let (£1,777), there’s a huge £449 a month difference. Aa huge number of London households are realising the earning potential of short-term rentals. Westminster is the borough with the highest number of active listings at 5,631 and the highest average daily rate at £224, closely followed by centrally located Tower Hamlets with 5,076 listings, and trendy Hackney with 3,572 active listings. Interestingly, Hammersmith & Fulham and City of London both achieve strong potential average day rates, £125 and £170, but less people are taking advantage of these high prices. In fact, there are only 2,506 active Airbnb listings in the whole Hammersmith & Fulham borough – so hosts here are likely to achieve high occupancy rates.

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