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Calculator

Short let income calculator.

Model a Manchester property as a professionally managed short let against the same property on a long-term tenancy. Every cost is editable and nothing is hidden. The defaults come from the stock we actually operate, not from a platform estimate, which is why they are lower than the number Airbnb will show you.

Short let, managed

Professionally managed and let nightly. Occupancy risk sits with you.

£
% of gross
% of gross
£
£
£
£
Gross revenue£28,000
Management fee−£5,600
Platform commission−£2,520
Cleaning and linen−£7,500
Utilities and council tax−£2,300
Insurance and compliance−£700
Maintenance and consumables−£2,000
Total operating cost£20,620
Net to you, per year
£7,380
26% of gross · £615 a month

Long-term tenancy

The same property on an AST. Lower ceiling, lower variance.

£
% of rent
months a year
£
Gross rent, full year£16,200
Void allowance−£1,350
Letting agent fee−£1,782
Insurance, compliance, maintenance−£1,400
Total cost and voids£4,532
Net to you, per year
£11,668
72% of gross · £972 a month
£4,288 better on a tenancy

On these inputs the long-term tenancy wins. That is a real outcome, not a bug: at mid-range occupancy a central one-bed often does. Short letting pulls ahead when gross revenue rises, when the property has a view, a distinctive interior or strong photography, or when corporate and relocation demand lets the operator hold rate midweek. Move the gross revenue figure up and down to see how quickly it turns.

Assumptions

What the numbers are, and what they are not.

The defaults come from our own portfolio, and we publish them. Central Manchester one-beds under professional management gross £22,000 to £34,000 a year, and the calculator opens at £28,000, the middle of that range. The cost stack is the one set out line by line in what returns Manchester landlords can expect. Long-term rents of £1,200 to £1,500 a month for the same stock come from short let versus long-term rental. On the defaults the calculator lands inside both published net ranges, which is the only check that matters.

What it leaves out. The output is net operating income, which means before finance and before tax:

  • Mortgage interest. The single largest line for most landlords, and entirely dependent on your own borrowing.
  • Tax. Your marginal rate, and the post-furnished-holiday-lettings position for short lets. We cover the latter in the post-FHL tax position, but that is background reading rather than advice. Speak to an accountant.
  • Furnishing and set-up. A short let has to be furnished, photographed and listed before it earns anything.
  • Capital growth and voids beyond the allowance. Neither model is only about income.

Occupancy is the variable that decides it. A one-bed at 82% occupancy grossing £27,000 is a different asset from the same one-bed at 58% grossing £18,000, and the gap between those two is operator quality more than property quality. A long-term tenancy has nothing equivalent: the rent either arrives or it does not. That asymmetry is the honest argument for and against short letting at the same time, and it is why we would rather you moved the gross revenue field yourself than trusted a single headline figure.

The managed short-let route above is Management Only, and property management sets out the wider service. This page is a model rather than advice, and no calculator substitutes for a read on the specific property: block, floor, view, interior and photography move the gross figure more than any assumption on this page.

Want the number for your property?

Send us the address and the current arrangement. We come back within 24 hours with a written read on what it would actually gross under management, based on comparable stock we operate rather than a platform estimate.

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