At City Rental Services we’ve noticed a steady increase in demand for buy-to-let properties across Bristol in recent months – particularly across BS5 and BS7 postcodes.
Local agents have reported high demand in these areas of Bristol, whilst buy-to-let remains an ever-popular investment in the city.
BS5 and BS7 are an easy distance to the city centre, and offer a modest investment for good returns.
In line with this, it appears that experienced buy-to-let landlords are slowing down on the amount of remortgaging. This trend could indicate that long-term rented property investors have hit ceilings on their property portfolios.
According to recent research, remortgages in the UK dropped overall by 6% by the end of June this year, whilst buy-to-let mortgages have increased by 6% in the first half of 2014 across the country.
As a rule of thumb, the cheaper the property to purchase, the higher the % return on the initial investment, although it’s important to factor in the costs of ongoing upkeep through refurbishment and refreshment of these rented properties in Bristol, of course.
Being based on Gloucester Road, we’re able to spot properties coming onto the market quickly in the area, and as a leading independent lettings agency in Bristol, we’re always happy to advise and assist potential and existing rented property landlords.
If you’re looking to invest in properties in BS5 or BS7, call in to 58 Gloucester Road to see us.