Linden Homes said the major regeneration of Bristol is creating opportunity for investors, with areas such as Bedminster developing booming rental markets and potential for house price growth that exceeds the rest of the city.
The Bristol suburb of Bedminster, located south of the River Avon, was once an integral part of Bristol’s industrial past, but now the streets are filled with boutiques, restaurants and fashionable bars. A two-bedroom apartment currently costs around £140,000 in Bedminster according to 4homes.com, compared to £230,000 in nearby upmarket Clifton.
With the £500 million Broadmead expansion now well underway to create a new city quarter in Bristol, the city is expecting an increase in both investment from business as well as population.
Philip Davies, chief executive of Linden Homes, said: “A considerable amount of money is being spent on the regeneration of Bristol, with over £150 million going on cultural infrastructure alone including world-class arenas, theatres and music venues. Prices are already rising and some areas of the city are on the brink of major house price growth to bring them in line with upmarket areas such as Clifton.
“The buy to let market has continued to gather momentum in Bristol over the first half of the year, and this activity is showing no sign of subsiding.
“Professional investors are expecting far more from developers than they have done previously, such as good value furniture packages, exceptional quality of build and strong rental guarantees.”
