There are good investment opportunities for prospective landlords in the city of Bristol and the entire UK, no matter your budget. The major task you must accomplish in this regard is to find the areas that let out quickly, have the highest possibility of growth and provide good rentability with competitive price. These areas are the buy-to-let hotspots for all budgets.
Let’s look at these areas in Bristol that let out quickly and the determinants that have enabled them to do so.
- Carmarthen, Wales[BC1]
This area is characterised by high rental demand and some factors made it so. The University of Wales Trinity St. David campus and the proximity of some important event centres such as theatres, galleries, shopping malls, beautiful beaches
and glorious countryside make it quite popular for families and singles alike.
The multimillion pounds St. Catherine’s walk shopping centre located nearby has made the city livelier. In fact, the town is now a choice place to live for many people who work in Swansea and Llanelli. The classier homes will experience more demand as a result of expansion of West Wales’s general hospital.
The houses are quite affordable. So, this town is ideal for people who want to maintain lower entry costs.
- Redcliffe and Harbourside
These areas benefit from more housing facilities, which comprise modernised flat conversions, newly built houses and traditional period apartments. The resultant effect is that this area lets faster because of its outdoor centres such as popular bars and restaurants as well as other facilities that make life easy.
On the other hand, Harbourside has become a trendy hotspot for young professionals, and the properties over here are letting faster than you think. Generally, the buildings are properties located within a few minutes walk from the city centre and the streets making up Harbourside are mainly pedestrianised, making the streets the most continental in the whole of Bristol.
- Clifton and Redland
Most of the highest rents in Bristol come from Clifton because of the fact that most beautiful houses in Bristol are located in Clifton. There are privately-owned shops and boutiques, and Clifton’s vibrant population consists of professionals, families, and students.
Redland has a greater proportion of student population that comes from both Bristol University and University of West England. There are more houses in Redland than there are in Clifton. Therefore, letting is usually quicker here than any other part of Bristol.
The two suburbs have a good number of primary and secondary schools such as Redland green schools, Redland high school for girls, and Clifton College.
- Cotham and Kingsdown
Cotham is another vibrant and affluent suburb in Bristol. It is a popular area comprising mainly of professionals and families. The suburb is a cosmopolitan residential area with many big old properties which have been converted into breakfast accommodations, hotels and a variety of small privately-owned shops.
Kingsdown is really a residential heart of Bristol, and it is very popular with students and staff of the popular Bristol Royal Infirmary hospital. Renting is high here with over 200 properties listed.