Last updated on September 1st, 2023
If you are looking for the best property rental yields in the UK, knowing the Airbnb rules in your preferred city is the first step! In this article, we featured Airbnb regulations in Bristol along with short-term let policies, buy to let properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Bristol!
Is Airbnb legal in Bristol?
Don’t worry, Airbnb is legal in Bristol! This cosmopolitan city has an innovative culture and an impressive maritime heritage. Bristol boasts a fantastic commercial area, many museums, delicious gastronomy & vibrant nightlife.
Here is a little proof! As of May 2022, there are 20,470 nights available in Bristol from Airbnb alone. Hopewell manages 116 listings, Your Apartment and Mairead operates 74 and 19 respectively.
How much can I make by running an Airbnb in Bristol?
Currently, there are 878 Airbnb listings in Bristol, with 50% of entire houses earning up to £2,844a month. The Average Occupancy Rate in Bristol is 53% and the average daily rate is £128. According to short-term rental properties data source Airbtics, a 2-bedroom apartment in Bristol can make up to £44,359 each year. Check out our Free Airbnb Calculator!
Short-term rental policy in Bristol
- It is required to pay a Council tax in Bristol. You can pay in 12 monthly installments, but the payments can only begin at the start of the financial year, which runs from April to March.
- If you are a registered provider of social housing and own or manage houses in multiple occupations, you may not need a licence.
Investment Property in Bristol
Before investing in a property in Bristol, you have to consider the major determinators for success. This includes average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. Here are some of the most recommended areas in Bristol that you can look into & consider purchasing:
| Area | Population | Average House Price | Average Rent Price (pcm) | Average Airbnb Revenue | Yields |
|---|---|---|---|---|---|
| City Centre | 15,900 | £359,749 | £1,706 | £2,914 | Yields in the city centre (BS1 postcode) are around 3%. |
| Clifton | 21,200 | £474,950 | £1,300 | £2,601 | Yields are tight at around 3% (based on BS8 postcode). |
| Northern Suburbs | 134,000 | £370,000-£500,000 | £1,502 | £2,010 | These areas offer yields around 4% in BS7 and BS9, although BS6 could return 6-7%, particularly for a student let. |
Source: Investment Properties in Bristol
Buy to Let in Bristol
If you are looking to start an Airbnb business in the UK, this is your go signal to do so! Bristol is an excellent investment because it is becoming one of the best cities in Europe with an immense growth rate. As the biggest centre in the south-west for retail & public administration, Bristol has a rising demand for property. The property prices may be above the average amount, however, it’s still much cheaper than London and other areas located in the southeast.
Rental Properties in Bristol
Buying a property in Bristol with an impressive rental yield is an excellent way to have a passive income. Bristol is also a major student city filled with shared student houses and buy-to-lets, so property investors are aiming to invest their hard-earned money. By looking at the following property investment websites such as Cornerstone and Maggs & Allen, you can get a grasp of the various prices in Bristol.
Conclusion
In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15 – 30% gross rental yields, and 10-20% net. It’s also fun to do!
