Magherafelt

As of June 2026, Belfast, Derry have 499 active Airbnb and VRBO listings. This represents a 4% decrease from the previous year.

The average Airbnb or VRBO in Magherafelt generates £16K per year. High-performing properties earn £29K/year, while low-performing properties earn £6K/year. This wide revenue variance suggests that top-tier assets capture significantly higher demand, potentially due to specialized market positioning that separates them from the stagnant base of the market.

Airbnb and VRBO can be profitable in Magherafelt. Average annual revenue is £16K with 33% occupancy. High-performing properties earn up to £29K/year. With a 33% occupancy rate, the market relies on higher nightly rates to sustain revenue, as the performance gap indicates that only a portion of the inventory effectively navigates current demand constraints.

The average occupancy rate for Airbnbs and VRBOs in Magherafelt is 33%. This occupancy level, combined with an average nightly rate of £135, results in a RevPAR (revenue per available room) of £30 per day.

4+ bedroom properties demonstrate the strongest performance in Magherafelt, with annual revenue of £25K. These properties balance operating costs and rental demand most effectively in the Magherafelt market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Magherafelt area. Belfast: Moderate. Registration required with Tourism NI, planning permission needed for commercial use. Fire safety standards apply. Enforcement increasing but inconsistent across areas. Derry: Moderate. Same Tourism NI registration required, planning permission for change of use. Fire safety compliance mandatory. Enforcement less active than Belfast, many operate informally. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Magherafelt Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 4% year-over-year, while RevPAR has decreased 16%. This indicates balanced supply-demand dynamics. The simultaneous drop in supply and revenue suggests that market contraction is driven by a broader softening in demand rather than an oversupply issue.

Launch around May, 2-3 months before peak summer season (August peaks). This pre-peak timing lets you build reviews when competition is -16% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (November-January) when gaining traction is harder.

The most common amenities in Magherafelt listings include: Kitchen (93%), Tv (90%), Heating (85%), Washing Machine (76%), Private Yard (59%). Amenities that boost revenue the most include Hot Tub, Air Conditioning, Bbq, with Hot Tub properties earning approximately 51% more (£37K/year vs £25K/year).

Monthly estimated revenue per listing in Magherafelt over the last 12 months: May: £860, June: £960, July: £1K, August: £1K, September: £873, October: £904, November: £726, December: £840, January: £608, February: £656, March: £838, April: £1K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Magherafelt is £135, up 17% year-over-year. By property size: 1-bedroom properties average £98/night, 2-bedroom properties average £129/night, 3-bedroom properties average £156/night, 4+ bedroom properties average £261/night. Rates peak in July and are lowest in May.

Guests in Magherafelt book an average of 35 days in advance, down 22% from last year. By property size: 1-bedroom: 35 days, 2-bedroom: 34 days, 3-bedroom: 36 days, 4+ bedroom: 39 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Magherafelt Airbnb and VRBO market has seen the following changes: supply declined 4%, revenue per listing decreased 16%, occupancy fell 13%, average nightly rates increased 17%, and lead time decreased 22%. The combination of higher rates and lower occupancy points to a shift toward shorter-notice bookings and a more price-sensitive guest base.

In Magherafelt, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Wednesday. Weekends show 31% higher occupancy than weekdays.