In 2017, Bristol was top of the list in the Sunday Times Best Places to Live Guide and we wholeheartedly agreed then, as we do now.
The “small city that feels like a big city” is going from strength to strength and we dare to venture that Bristol will be one of the best places to live for many years to come.
There is a myriad of opportunity for investors and professionals in the BS1 property market in the heart of the city and with Bristol City Council striving to meet their target of 26,000 new homes in Bristol before 2026 it’s only going to get busier.
Research shows that Bristol is expected to experience higher-than-average house price and rental growth than the rest of the UK over the next few years. Meanwhile, population growth has averaged 1.1 per cent every year, over the 0.8 per cent national average.
Rental demand has continued to outstrip supply and brings opportunities for investors in the city who are looking to add to their portfolios or get on the property investment ladder.
Bradley and Co currently have properties for sale at The Eye development in Temple Quay as well as the Number One development, a high quality selection of modern and highly sought-after apartments within walking distance of Temple Meads. These dwellings have rental yields from £900 per month upwards.
Other notable developments worth keeping an eye on in central Bristol include Brandon Yard by Acorn, a stunning ultra-modern range of apartments located on the dockside opposite the SS Great Britain. Across the centre, the 28 Baldwin Street development contains 53 studio, one and two bedroom apartments right in the heart of the city.
With re-signalling improvements, new faster Intercity Express Trains, electrified track and more frequent services between London and Bristol, the city has already felt the benefits of reduced travel time and closer links to the capital. Despite the delays and a large overspend in the budget passengers can now look forward to 17 minutes less travel time. This has made commuting a real possibility and fuelled an influx of Londoners to the Bristol region to snap up perceivably cheaper properties. And who can blame them?
Central Bristol has a continuous rolodex of events and festival that keep the city vibrant, exciting and busy. Right at the heart is the stunning Harbourside, a beautiful sight in any weather with restaurants and bars lining the waterside from which to admire the moored boats, passing ferries and cranes that mark an historic era. There’s the M-shed, Watershed, Severn Shed and Olive Shed, to name a few.
For those foodies that love eating out, The Bristol Good Food Awards demonstrate what a great place the city has become for tasty treats and marvellous meals. St Nicolas market has a unique offering of world food stalls every week day and at the Harbourside, boring supermarket sandwiches are brushed aside for tasty, hot street food. The city is synonymous with everything from fine dining choices to tasty food shacks.
It would be impossible not to mention the thriving creative scene that Bristol has become known for. Agencies and freelancers thrive in the city and there are countless opportunities in the thriving digital industry. Throw in the huge number of theatre, music venues, art galleries and pop-up shops and it becomes very obvious why Bristol is one of the best places to live and work.
To be invested in the beating heart of beautiful Bristol, take a closer look at the BS1 postcode for increasing opportunities and potential.
Got a property to sell, contact Fiona our sales negotiator for a free valuation.