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Is It Worth Investing in Bristol Student Accommodation?

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Is It Worth Investing in Bristol Student Accommodation?
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Investing in student accommodation can be a lucrative business choice, and a savvy investor should pay close attention to the bustling city of Bristol. With two popular universities and even more colleges, Bristol has an ever-growing need for student accommodation.  

However, if you aren’t familiar with Bristol, it can be tricky to know where to buy student accommodation. It’s not just about purchasing a property; it’s about knowing the student population’s preferences, understanding the local rental market, and keeping up to date with the city’s evolving development trends.

In this article, we explore average property prices in Bristol, look at the best areas to make an investment, and explore whether Bristol is a good choice for student accommodation. 

Key Takeaways

  • Bristol has two universities and multiple colleges, making student accommodation a lucrative business model. 
  • Britsol’s student houses have an average rental price of £1,543.90 per month and an average yield of 5.1%.
  • Bristol’s house prices have grown by an average of 4.29% year on year since 2017, meaning you’ll benefit from both monthly rental income and equity.  

Is Bristol Good For Property Investment?

Bristol is a solid choice for property investors. With a bustling student population, high quality of life, and recent developments in infrastructure, Bristol is an attractive option for those looking to invest in real estate. 

Bristol offers an average rental yield of 5.1% as of October 2023. Plus, Bristol offers an average capital growth of 17.24% across 5-years. That means you’re not only benefiting from rental income month on month, but building equity in your property. This double-dip on your investment makes student rentals an attractive option. 

What Is Number One Bristol Student Accommodation?

There are many profitable areas to purchase student accommodation. We’ve ranked the top 3 based on average rental price and average rental yield. 

BS34

With an average rental price of £1,878 and an average yield of 6.70%, this postcode is home to the town of Filton, as well as Stoke Gifford and Cribbs Causeway. Located in the north of Bristol, it has great links to Southmead Hospital and is an ideal commuter location for students of the University of West England (UWE). 

What’s more, the commuter town of Filton is set to receive investment 

BS7

BS7 has an average rental price of £2,217 and an average yield of 6.20%. It is close to Southmead hospital and has great links to the city centre for those at the University of Bristol. Plus, it’s a stone’s throw from IKEA for student essentials and has a range of gyms, bars, and restaurants. 

BS16

BS16 is on the outskirts of the city, so it is perfect for mature students or anyone wanting the convenience of city life coupled with the peace of suburbia. For investors, it has an average rental price of £1,827 and an average yield of 6.20%. It contains the Bromley Heath and Pucklechurch areas of the city.

Is It A Good Investment To Buy Student Accommodation?

Student accommodations are a good investment if you’re looking for a business opportunity that offers a balance of stable income and potential for growth. They can be particularly appealing if you desire a hands-on investment that allows for more direct involvement in property management and tenant relationships. 

However, it can be tricky to sell houses with students in situ. The legal considerations when selling a tenanted property can make a fast sale impossible. We Buy Any Home understands the headache that can come with selling rental properties, so we make it as simple and streamlined as possible for you. Check out our website for more information on selling a tenanted property fast.

Are Property Prices Falling In Bristol?

Property prices are not falling in Bristol. In fact, the average house price has increased by an average of 4.29% year on year. This means that even in the cost of living crisis, real estate in Bristol has shown resilience as a long-term investment. 

For savvy investors, this upward trend can offer an opportunity to not only protect their capital but also potentially see it grow. While property investment always carries some degree of risk, Bristol’s performance in the face of economic challenges highlights its strength as a stable market. 

The Bottom Line On Buying Student Accommodation In Bristol 

Investing in student accommodation in Bristol is a secure and profitable business decision. Although there is always an element of risk to investing, Bristol’s house prices have grown an average of 4.29% per year since 2017. Plus, with an average rental yield of 5.1% and an average rental income of £1,543.90 per month, an investment into Bristol student property offers consistent growth, steady income, and favourable rental yields. 

If you’re looking to buy or sell a student property, check out We Buy Any Home. We know the common pitfalls of buying or selling tenanted properties and can help you navigate the constantly changing rental market and make the process as smooth as possible.

FAQ’s

Where to invest in student accommodation?

The best areas to invest in student accommodation are the BS34, BS7, and BS16 areas of Bristol. 

Will house prices fall in Bristol in 2023?

Nothing is certain. However, house prices in Bristol have grown an average of 4.29& year-on-year since 2017. It is unlikely this growth will halt or reverse. 

How profitable is student accommodation?

Investing in student accommodation can be a highly profitable business model. You can expect to receive a monthly income of £1,543.90 when purchasing student accommodation in Bristol.

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