Letwithease.com is one of Bristol’s busiest independent letting agents. In this article we give you the low-down on market activity in the key regions of Bristol, UK.
Clifton, Cotham, Redland
Rental stock in this locality is moving fast with high volumes of tenant registrations, new properties coming to market and increased rental yields in 2010. Clifton is popular with young professionals, Redland with executive families and Cotham with students. Case study: 6 bed house on Cheltenham Rd, Cotham, BS6 let at £2250 an increase of £375pcm on 2009.
Hotwells, Kingsdown, Harbourside
The rental market in this locality is stronger in 2010. The flats and new builds of the docklands region are in high demand and fly out the door as soon as they hit market and prices have increased as a result. This area is popular with professionals and corporate relocators alike. Case study: Baltic Wharf in BS1 let at £875 within a week an increase of £100 pcm on 2009.
Horfield, Bishopston, St Andrews
The student market was strong in this locality in the first quarter of 2010. LWE increased rental yields for many investors as tenants outbid each other to secure properties. Registrations and property instructions were up on 2009. Case study: Dovercourt Rd, BS7 let for £1500 to 4 students on a 12 month joint tenancy an Increase of £300 pcm on 2009.
Henleaze, Stoke Bishop, Westbury Park
The rental market in this locality has improved on 2009 due to availability diminishing as reluctant landlords return to the sales market. The area is especially popular with families due to the close proximity of good schools. The area also attracts students and professional sharers. Case study: Lake Rd, Henleaze, BS9 let at £995 increase of £100pcm on 2009.
Bedminster, Southville, Ashton
Rents moved slightly lower in this region in 2009 due to the number of units available. Increased tenant demand however means we are confident that rents will rise in 2010. This area has been tipped as a property hotspot by a think tank panel of local Bristol experts. Case study: North Corner, Bedminster, BS3 let within 1 day at £550 an increase of £25pcm on 2009.
Southmead, Brentry, WOT
Tough market conditions prevail but rents are stable. Good quality properties are in demand. The hospital provides a solid base for tenants and students are tempted to this area as both the U link and UBU bus routes are in easy reach. Case study: Greenpark Rd, Southmead, BS10 let to four nurses on a joint tenancy for £1450. an increase of £250 pcm on 2009.
Bradley Stoke, Stoke Gifford, Patchway
2009 was a struggle as companies cut down on corporate relocation and reluctant landlords flooded the market forcing rents lower. 2010 has been busier with increased tenant demand. New confidence in the economy has meant rents are on the rise. Case study: Cloverleaze , Stoke Gifford, BS34 let within a week at £750 pcm an increase of £50 pcm on 2009.
Frenchay, Stoke Park, Stapleton
2010 has started well in this locality. The ring road, schools, and local amenities mean the area is great for professionals, corporate relocators and families. The area has benefitted from high rents due to students competing for good accommodation. Case study: Paxton, Frenchay, BS16 let to 5 sharers on a joint tenancy for £2150 a huge increase of £550 pcm achieved by a different agent in 2009.
Fishponds, Staple Hill, Downend
Rents have increased in the first quarter of 2010. The student numbers keep rents high and good accommodation is in demand. We had let all available student properties in this locality by January 2010. Families, professionals, and corporate relocators flock to this area for its great links. Case study: Fishponds Rd let to 5 nurses on a joint tenancy at £1650 an increase of £100 pcm on 2009.
Whitehall, Old Market, Easton
This locality remains strong due to its close proximity with the town centre. Developments like City View are popular with young professionals looking for affordable urban living at a fraction of the costs of Clifton. Whitehall, Easton and Eastville also has a healthy share of the professional sharers market. Case study: City View, Chancery St let for £700 within a week an increase of £50 pcm on 2009.
St George, Hanham, Kingswood
This area has seen downward pressure on rents since the mid of 2009 as reluctant landlords flooded the market and tenant numbers dwindled in the recessionary climate. In 2010 we are seeing a return to buoyancy as tenant demand increases. Case study: Charlton Rd let for £650 with 2 weeks of coming onto the market an increase of £25 on 2009.
Brislington, Knowle
This area is popular with families who flock there for the schools and great links. Rents moved downwards through 2009 but have since recovered in 2010 and lack of supply of good quality housing has meant that 3 /4 bed houses are snapped up as soon as they come to market. Case study: Hither Bath Bridge let within 2 weeks for £950 an increase of £75 pcm on 2009.