Welcome to our new feature, this is aimed at giving Bristol landlords & tenants more of an idea of what is happening in the property market. I thought I would start this off with analysing the BS6 and the BS7 postcodes as these are the ones which are on our office doorstep. 

March is usually when things tend to get a busier for rentals and also sales in Bristol however I know some sales agents have mentioned they have noticed a slow down in the sales and have pointed towards Brexit for this reason. With the residential lettings in Bristol I have not noticed this effect the market at all. Bristol is a great place to live and it goes back to the supply and demand factor which is location, location, location. If you are a landlord who owns a property in a desirable area you should not be short of tenants looking. 

I listed a one bedroom flat down by the Bristol harbour-side this month which was well priced and this was let within one day of being marketed to a fantastic tenant ready to move straight away! As long as you are pricing the property correctly from the beginning you will be able to let it quickly and efficiently.

Often I have landlords asking about rental prices over the phone before I have visited the property and yes I am able to give you a rough idea based on the area but for a more in detail valuation I would need to come down and visit the property.

Average rental prices in Bristol – 20th March 2019 

BS6:                          BS7

1 Bed – £892.33  |  £784.29

2 Bed – £1140.16  |  £977.94

3 Bed – £1482.14 |  £1127.92

4 Bed – £1810.50 |  £1660.48

Please note this has been based on a random sample circa 100 units per postcode.

Interestingly from these samples there is a clear difference in price and also the number of available units per size of property. Within the BS7 area there were considerably less 1 bedroom flats, around 50% less available than in BS6.  The number of 2 bedroom flats is also higher in BS6 than BS7. These trends actually show the way housing is being used within the areas. Within BS6 this would typically by more professional or family properties and the student properties in this area tend to be above 4 bedrooms because of the size of the buildings. It is not uncommon to have 8 – 11 Bedroom houses for students, however in BS7 there are considerably more 4 bedroom houses for let which is showing the high number of student properties available. 

As a landlord is your property above or below the average for your area? If you are looking for a more accurate valuation or if it is outside of these postcodes please let me know and I can produce some reports for you. If you would like to discuss the property market further please let me know.

Best Wishes 

Jack Stephens