How much does a house for sale cost in Bristol?

Bristol might be an interesting area to invest in when looking for a house for sale in the UK as it is a unique area in the county of Somerset.
Before looking for a house for sale in the city of Bristol we strongly suggest landlords and real estate investors to research in detail and consider all involved factors. Indeed, house prices can change quite a bit depending on the square foot of the property, the number of rooms, the economic climate, the location of the house and more.

In this data heavy article the reader will be able to find out more on the topic and see the specific data to consider when evaluating different houses for sale in Bristol.

Always consider average rental yield when searching for houses for sale in Bristol

You may have heard of rental yield as being important for investors who wish to make a sizable profit on their rental properties. If this sounds like you and you’re looking to invest in a house currently for sale and collect rental income in Bristol this statistic is what you were looking for.

Data should also be compared to the broader region of the UK (South West) alongside Somerset then looked at with other statistics like the area’s rent and the turnover of sale of the houses in question. It could be that an investor prefers to make a profit on the sale of a house rather than the rental income and optimal properties for this investment varies throughout Bristol.

This decision is made differently depending on the investor’s tolerance for risk, investing strategy, the location they’re investing in and their overall goal for buying a house currently listed for sale.

	Average Yield	Average Asking rent	Turnover (rental)	Turnover (sale)
Bristol	3.9%	£1,273	138%	21.9%
Somerset	3.77%	£1,175	138.81%	20.04%
South West	3.57%	£1,079	132.66%	17.35%

As you observe table above, it could be valuable to contrast these figures with other pieces of data relevant to the process of buying like the crime rate or the appreciation of houses for sale in Bristol.

As you can tell, the best conclusions are drawn when the buyer of a house for sale looks at all the data involved holistically and doesn’t make quick decisions based on one or two pieces of data. As an example, comparing the data with the number of property sold per month (610) will be useful.

Are there new houses being built in Bristol to make it grow?

Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.

Take a look at the table below for Bristol that shows the growth in recent years.

	1 year	3 years	5 years
Bristol growth rate	4%	17%	22%

High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Bristol is important.

In general, for the city of Bristol, what are the final purchase prices for the houses for sale?

In Bristol, houses for sale are sold at an average of £325,847. In general, multiple factors impact this figure because lots of variables impact properties valuation. This can include the quality of the buildings in general, whether the population has grown, if there is demand for housing or if there is a low crime rate which would make the area more desirable.

In the table below, you can see for yourself how the average price of a house for sale looks based on the different sizes of housing in Bristol. The exact amount of variation between the types of housing depends on the local demand for particular types of houses in the area.

Housing category	Total final sale price
Aerage sold price (detached)	£459,775
Aerage sold price (semi-detached)	£349,401
Aerage sold price (terraced)	£310,451
Aerage sold price (flat)	£202,522

As you can see above, for Bristol, price varies based on the type of house that is being sold. If these prices shock you it could be due to population change in the last 10 years of 9% where lots of movement may inflate or deflate house prices.

Housing category	Sale price per square foot
Aerage sold price/sqft	£3,410
Aerage sold price/sqft (new build)	£3,512
Aerage sold price/sqft (old stock)	£3,289

Looking at the second table about Bristol, you are able to tell which type of housing is most affordable to you as a buyer. However, for a general overview of what house price is, the average price per square foot for a house in Bristol is £3,463.

In Bristol, what is the asking price in general for a house for sale?

The average asking price for the houses for sale in the city of Bristol

Average asking price (1 bed)	£212,862
Average asking price (2 bed)	£301,603
Average asking price (3 bed)	£401,942
Average asking price (4 bed)	£575,158
Average asking price (5 bed)	£961,085

After looking at this table about prices of houses for sale in Bristol, someone who is buying a home would be able to know in great detail what kind of house for sale available on the market best suits the amount of money they are looking to invest. Also, using a more general figure like the average asking price per square foot of a property which is £866 will help them to have a more wholistic understanding.

On average, in Bristol, the asking price for a house for sale in the area is £411,458.

The below table puts this figure into perspective as you can see the various average sale prices of the different type of houses for sale in Bristol. From a 1 bedroom house up to a 5 bedroom house.

As you can imagine, as the price goes up, the size of a room also goes up and in general, the larger a house is, the more you can expect the sale price to be as well.

What are the people like in Bristol?

In Bristol, what are the deprivation levels like?

Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Bristol, currently, 20% people fall into this category.

Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area.

How much do people in Bristol earn?

You may be wondering what the amount people earn has to do with house price. Well, house prices generally go up as people earn more not just because they can afford more valuable properties but also because good areas generally attract more desirable infrastructure. For reference, the average household income is £45,163.

This may be better schools, doctors and areas with lower crime rates. This results in a snowball effect which polarises different areas further, increasing the demand for housing in richer areas by a greater amount. And increasing the proportion of people with high social grade scores. For Bristol this figure is 29%.

In the city of Bristol, is there a lot of green space?

In the city of Bristol, there are 24.0 acres of green space per 1000 residents.

The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Bristol is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.

What’s a social grade score and how does it relate to Bristol?

The social grade score is a good indicator of what type of jobs people generally work in the area. Whether that be working in the primary sector, secondary sector, tertiary sector or maybe the quaternary sector of jobs.

The scale is slightly different to this though on a scale of A to E. A refers to people who are in the most skilled, managerial roles whereas E include people such as casual workers.

In Bristol, the percentage of people in the two highest categories, A and B is 29%. This figure includes people who are therefore most likely to be more skilled and have higher paid jobs.

When contrasting these figures, the average household income for the area is £45,163. This income will generally get bigger as the percentage of people in the A and B categories go up too (29%).

What is the education level like in Bristol?

Interestingly, the percentage of people who have a degree in the city of Bristol is 32%. Most of the time, the more people that have a degree, the higher the average household income and the more likely someone is to be able to afford to purchase a house. For example, the average income of the citizens in the area of Bristol is £45,163.

Generally, areas with high numbers of people with a degree are also areas with more people likely to be home owners and therefore the value of houses and relative prices of the houses for sale are more likely to go up too.

Nonetheless, making predictions about the appreciation of a house also has to be considered alongside other factors like population growth and the rental yields of the area.

However, most of the time, being educated is a good indication of affluence with 82% of people graded a first in tertiary education going on to eventually own a house.

In the city of Bristol, the demographics are unique and must be looked at by themself to make a conclusion about the area before buying a house. This is because the growth could be greatly different to the wider area of Somerset for example.

These demographics for Bristol may impact the price of a house, how this house grows over time and the profitability of a house if you are buying it for an investment so knowing the area is crucial for a landlord making a purchasing decision in the city of Bristol in South West.

In the city of Bristol, has the population grown or shrunk?

Whenever there is a population change this can impact the demand for housing and hence the appreciation of properties too. The total population of Bristol if 735,867 and in the below heading how this population has changed will be broken down.

Like most data to do with houses, all data has to be considered holistically with multiple variables to determine if the population growth actually impacts the statistics that matter to you as a landlord in Bristol such as rental yield or house appreciation.

How has the population size of Bristol adjusted in the last 5 years?

In the previous five years there has been a change in the number of people of Bristol by 4%. Analysing this figure is a great way to tell if there is new demand for housing or not as a decreasing figure reduces the number of people who want to buy houses. Read more here

To compare this figure over a greater period of time, you could look at the figure for the 1 year population too and compare them. This way you can see if the population has changed recently or if this 4% change has historically occurred before. Click here to know more on the UK population trends.

Over the last 10 years, how has the population size adjusted in Bristol?

In the last decade, the population of Bristol has been adjusted by 9%. This growth may be as a result of factors like new industries employing people or emigration and immigration balancing out to create this population change.

A precedent that shows population change in this way over decades is the region of Greater London. The capital city has grown by 27% in the past 20 years. Population growth has caused house prices to go up to price523,666 on average.

What’s crime like in Bristol?

Within Bristol, the number of people committing crimes is 111 per 1000 people. This figure directly relates to the safety of residents in the area which is one of the biggest factors in whether an area is considered desirable or not.

As a result, someone looking to buy a house here hoping for it to appreciate in value or buying a house here to produce rental income should check out the crime rate and compare it carefully to the UK average of 79.52 for every 1000 people to see how safe people living there will be.

If the area’s crime rate is too high, this may result in you having to pay for the renovation of burglaries or pay a premium on home insurance as insurance companies will charge you more for living in a dangerous area. So analyse this 111 figure carefully.

Who can help you buy a house for sale in Bristol?

Considering all the above data and information provided, you may want know who can help you buy a house for sale.
Lots of professionals offer property investors and first-time buyers advice and assistance in dealing with the process of acquiring a house for sale.

Below, you can find a list of professionals that come in handy when looking for houses for sale:

• Lender – Is someone capable of lending you the money you need to complete the purchase of the house for sale
• Insurer – Insurance companies provide building insurances and other financial products you need to protect your real estate assets
• Conveyancer – This professional will take care of the legal work needed when looking for a house for sale
• Surveyor – Use this professional to assess the condition of the house for sale you are willing to buy, get an independent valuation and feel more comfortable when negotiating the final price
• Mortgage broker or adviser – Different buyers can access different mortgages to buy a house for sale. Let the mortgage broker suggest to you which one is the best given your financial situation
• Energy professional – Nowadays is more important than ever, to get professional advice on the Energy Performance Certificate (EPC) of the house for sale you are considering as your next investment

House for sale in the same UK region

Below are a list of towns with a similar location to Bristol.
Reading these analysis will help you evaluate the different houses for sale currently listed in South West:

• Avonwick in South West
• Colyton in South West
• Braunton in South West
• Brislington in South West
• Brill in South West

If you are interested in some other city or even region of the UK, please visit the following page houses for sale in the UK it contains all the data related to the houses for sale.

Finding the ideal house for sale for you

Many criteria impact the price of houses for sale in Bristol.
Here below are the most important ones according to Lofti’s expertise:

• Affordability – (see what house for sale can you afford?)

  A guide from the UK government

• House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.

• Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying

• Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom

• Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.

• Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale

• Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance

• Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.