Evaluating Property Suitability and Market Potential
Focus: Focus: Helping prospective hosts determine if their property is a "diamond in the rough" or better suited for the long-term rental market.
Is Your Property Built for Short-Letting?
Before you list, you need to think like a guest. A successful short-term rental (STR) requires a balance of location, layout, and local demand.
Location Analysis: Proximity is everything. Properties near transport hubs, business districts, or major tourist attractions (like stadiums or historic landmarks) typically see the highest occupancy rates.
The "Staycation" Factor: Does your property offer something unique? A balcony with a view, a dedicated home office, or a pet-friendly garden can significantly increase your "marketability."
Data-Driven Potential: Don't guess your income. Use tools like AirDNA or request a professional rental income assessment from a local expert to see the Average Daily Rate (ADR) for similar properties in your postcode.
Suitability Checklist: * Minimum of 1-2 bedrooms (studios also perform well in city centres).
- Modern, reliable utilities (High-speed Wi-Fi is non-negotiable).
- Proximity to local amenities (cafes, grocery stores, pharmacies).
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