Advice on area chorlton Manchester UK please

[C175]

Hi, new and hoping for help on possible 3 bed house.. I need to find out if Chorlton Manchester is seasonal? About how many nights per month would be booked. Average cost  per night summer, winter...average length  of stay and and if better proft than normal long term let tenancy. 🙏 Thanks 

[Mike-And-Jane0]

@C175 You can buy these data from Airdna.com. Not sure what fidelity it goes down to though. You will have to calculate profitability yourself as they will have no idea of the cost associated with a short term vs long term rental.

[Helen3]

Hi @C175 

Yes you're correct you need to carry out market research to try and understand it. AirDNA is one source. You can also contact Manchester Tourist Board and see if they have any footfall reports you can buy.

You can look at what your competitors are charging on Airbnb and other platforms to get an idea of pricing.

You can put together a profit and loss account with costs and likely income to determine likely profit levels.

[Paula]

Hello @C175 and welcome to our Community 😊

Have you had the chance to read the suggestions from our expert Hosts, Helen and Mike?

Do let us know how your market research goes.