Crowned the most hipster city in the world, Brighton has a big reputation to uphold. Top DJs, musicians, actors and YouTubers live in this cool and colourful seaside resort. And it’s easy to see what attracts them.
The iconic Brighton Pier and 19th-century Royal Pavilion party palace are the top sights. Visitors love losing themselves in The Lanes, a curious labyrinth of independent shops, fabulous bars and chic restaurants serving everything from vegan burgers to oysters or traditional fish and chips.
Plus there’s the multicultural vibe, amazing gay scene, coolest clubs, vibrant art scene, and beautiful historic architecture to consider. It’s also close to the picturesque South Downs National Park, an hour’s train ride from central London, and 30 minutes from Gatwick Airport.
No wonder this vibrant and creative city continues to be a bustling holiday destination attracting more than 11 million domestic and overseas visitors each year for pleasure and business.
All this makes Brighton a solid Airbnb investment for holiday lets together with an average daily rate for two-bed accommodation at a healthy £202 and an average occupancy of 75% in high season.
In Brighton & Hove’s BN1 and BN2 postcodes, there are 1236 holiday lets with total revenue booked standing at £54 million a year. It’s certainly one of the best places in the UK to buy a holiday let based on average daily rates of £144.86 for all types of holiday accommodation earning an average annual revenue of £29,073.
The best neighbourhoods in Brighton for Airbnb investment
Brighton Marina: The UK’s largest marina with a beautiful waterfront, chic boats, entertainment and specialist shops. The properties are stylishly modern and high-end too with prices for a two-bedroom apartment ranging from £290,000 to £500,000. Brighton Marina location
Brighton seafront: Holidaymakers will pay more for a beachside apartment with sea views, so it’s a sound investment. Prices for a two-bed apartment range from £350,000 to £700,000.
Brighton city centre: This bustling area has a fine selection of iconic Regency and Victorian buildings as well as more modern apartment blocks, with prices for a two-bedroom apartment ranging from £325,000 to £500,000.
Kemptown: This lively area by the seafront has long been associated with the local LGBTIQ+ culture. Prices for a two-bedroom apartment range from £300,000 to £680,000 in this neighbourhood. Kemptown location.
Preston Park: It’s laid-back and trendy with the expansive Preston Park in the centre. Properties range from Grade II listed Edwardian buildings to modern apartment blocks with prices of two-bed apartments from £250,000 to £699,950. Preston Park location.
Marine Drive, Rottingdean, Ovingean: To the east of Brighton & Hove, this area is made up of lovely small villages surrounded by countryside. Prices for two-bed apartments are from £285,000 to £650,000. Marine Drive location.
Hove: To the west of Brighton, upmarket Hove is full of elegant mews, mansions and Regency townhouses. For a two-bed apartment, you will pay from £300,000 to £849,950. Hove location.
The best places in East Sussex for your Airbnb investment
Worthing: This large seaside town is perfect for a beach holiday and visiting the stunning South Downs. A two-bed apartment costs from £260,000 to £600,000. Worthing location.
Shoreham-by-Sea: This picturesque coastal town has the South Downs and River Adur on its doorstep. Prices for two-bed apartments are from £280,000 to £400,000. Shoreham-by-Sea location.
Portslade-by-Sea: Nestling between Brighton and Worthing, Portslade-by-Sea is a pretty small harbour with 19th-century terraced houses and parks. Two-bed flats are cheaper than Brighton and start from £225,000. Portslade-by-Sea location.
Lewes: The county town of Lewes is in the heart of rural Sussex and is home to the oldest independent brewery in Sussex, Harvey’s Brewery. Prices range from £195,000 to £615,000 for apartments with two bedrooms. Lewes location.
As well as good rental returns, your investment is secure too. Property prices rose 10.8% in the 12 months to June 2022, according to Land Registry figures, compared to a UK average of 7.3%.
My Getaways is the number one property management team for Brighton and East Sussex. If you are considering an Airbnb investment in Brighton and want to find out more about the short-term letting market, please get in touch with our team for a chat on how we can help you maximise your short-term let investment.