Short Lets Continue to Deliver High Returns in UK Hotspots

Leading International Off-Plan Property Consultancy, LH1 Global, has seen an exponential growth in the short-term rental market over recent months, reporting a surge of interest for short-term lets, in turn providing their clients and investors with exceptionally high yields and potential returns typically ranging between 12-20%.

Homes with short let potential have played a significant role in recovering the UK housing market since the pandemic, their popularity has been driven due to factors such as tourists requiring larger accommodation while visiting for an extended period of time, whilst they are also useful for those on a corporate stay/temporary secondment or homeowners seeking an alternative residence while renovations or refurbishments are taking place at their principal accommodation.

Commenting on the rising popularity surrounding short-let properties, Rayna Hunter, CEO of LH1 Global, said: “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.”

Short-term rentals have reshaped the housing landscape, offering landlords an investment that ensures greater freedom, flexibility, and higher profits compared to traditional long-term buy-to-lets. Within a constantly evolving market, investors are being drawn towards alternative investments and are particularly attracted to properties within purpose-built developments that offer management, security and ultimately peace of mind.

LH1 Global is currently marketing multiple strong performing properties across the UK that are providing investors with high returns, offering an exceptional opportunity for those seeking to expand their property portfolio.

A spectacular centrally located development Centro on Merseyside is currently on the market through LH1 Global, featuring a range of one-bedroom apartments priced between £70,250 to £89,750, offering investors staggering gross yields averaging over 20%.

This development is also perfectly placed as a commutable location between the fantastic cities of Liverpool and Manchester, ideally situated near the motorway network and national railway, with links to exciting 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, garnering an overall yield of over 12% for inward bound investors.

This impressive development is also steeped in an intriguing history, standing as 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 the historic town of Cheltenham. This area is ideally positioned in terms of the short-let market for potential holidaymakers or tourists, as the visitor economy has sharply inclined by 18% over recent years, with over £221 million spent on tourism since Cheltenham is also the gateway to England’s largest Area of Outstanding Natural Beauty, with The Cotswolds right on the doorstep.

Currently on the market with LH1 Global is a bespoke development with original period features known as ‘The Residence’, providing prime apartments starting at only £194,500, with gross yields exceeding 15%.