Last updated on January 31st, 2024
Best Areas in Bristol to Invest in Airbnb: Prime Rental Markets: The best areas in Bristol to invest in Airbnb certainly can secure a good return on investment for investors. Learn more about this market here!
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The best areas in Bristol to invest in Airbnb certainly can secure a good return on investment for investors. Learn more about this market here!
- Last updated January 31, 2024
Key Takeaways
- Bristol can be an attractive city for investors who are looking to invest in a profitable rental market because it offers high rental yields and a varied real estate market that can fit almost all needs and budgets.
- With the help of the Airbtics analytics tool, we could discover the top buy-to-let areas in Bristol along with other important data such as the best number of bedrooms you can get, average Airbnb revenue, gross rental yields, and more.
Introduction
The dynamic city of Bristol is located in the South West of England and lies in a limestone area that gives this destination a striking hilly landscape with panoramic views over the Avon River.
We can’t deny Bristol’s beauty and charm since it has a rich history that dates back to the Roman era, diverse architecture, and a fascinating art and cultural scene. In addition, the city is an important educational, cultural, and technological center. This allows the city to enjoy a steady demographic growth which consequently opens the doors to a high housing demand.
But before buying an investment property in Bristol, it’s important to do a throughout market analysis and set clear goals to guarantee your Airbnb investment success. Thus, one of the first things you should consider is the property location.
In this article, with the help of Airbtics Dashboard, we gathered the best areas in Bristol to invest in Airbnb. As a bonus, we will also reveal some reasons why you should consider doing a property investment in this city. Stoked to learn more? Then continue reading!
Why should you consider investing in buy-to-let properties in Bristol?
Investing in buy-to-let properties in Bristol is truly a great way to generate a nice rental income while it will also help you to move toward the path of the desired financial freedom. Yet, doing in-depth market research is crucial when thinking about investing in Airbnb. For this reason, it’s important to consider the advantages that the rental market of your target city can offer to property investors.
If you’re aiming for Bristol’s real estate market, then make sure to check out some of the reasons why doing a property investment in this city is a convenient idea:
Strong housing demand
Bristol is a city with a strong job market, a great student population, and a high influx of tourists each year, so it’s understandable that is a great place for property investments.
While the median house price in Bristol is actually higher than the national average, currently at £397,435, property investors can still benefit from the strong rental demand and occupancy that the city offers.
Solid economy
Bristol owns a prosperous economy with a diversified job market that allows the city to experience positive population growth. There’s a plethora of employment opportunities for young professionals, especially in sectors like aerospace and advanced engineering, financial services, life sciences, tech, and digital media among others.
Enjoy the best living conditions
It’s known that Bristol is a multicultural destination surrounded by a dazzling natural landscape that can make anyone feel at home as soon as they step foot in the city. Moreover, Bristol is regarded as one of the best places to live in the UK thanks to the amazing living conditions that it offers to its residents and visitors alike.
From high-quality amenities to modern infrastructure, Bristol is truly a city where people can enjoy a great quality of life. In addition, Bristol is also considered an important higher educational center in England. This means that there’s a huge student population. Hence, investors looking to make a student accommodation investment in Bristol can look favorably at the rental market in Bristol.
Bristol is a culturally attractive city
Picture yourself walking through the streets of a vibrant city that is renowned for its fascinating artistic and cultural atmosphere while enjoying the best leisure attractions. You can easily experience that exciting scene in Bristol as there is no lack of things to do, either at night or by day.
Explore countless museums, art galleries, theaters, and other entertainment venues of Bristol, or enjoy some of the lively festivals hosted in the city. You can also enjoy a cup of coffee in a chic cafeteria or an exquisite dish in one of the excellent restaurants, then you can take a break enjoying the magnificent sights that this city offers with its eclectic architecture.
Is Airbnb a profitable business in Bristol?
Managing a successful Airbnb listing that can provide a favorable cash-on-cash return is not as impossible as you think it sounds, especially if you’re aiming to become a host in Bristol! Airbtics confirms that short-term lets in Bristol can help investors like you generate a nice passive income by listing a property on Airbnb.
If you’re still having doubts about how profitable can Bristol be let us share a bit of this city’s data. According to Airbtics’s Airbnb calculator, Airbnb hosts can earn an average annual revenue of £39,653 with a median occupancy rate of 59% for operating a 2-bedroom apartment in Bristol.
Besides knowing the level of profit that a listing could generate, it’s equally important to learn about the Airbnb regulations in Bristol. However, if you’re still hesitating about purchasing a property for rent, you can also test the waters by doing rental arbitrage in Bristol, which is a legal practice in the city!
Source: Airbtics Dashboard
Best Buy to Let Locations in Bristol
Trying to choose the right location to set up an Airbnb business in Bristol can be quite a challenge because the city is divided into many areas which means that the level of profitability will differ from place to place. But this tedious task can be completed sooner if you make use of advanced analytics tools like Airbtics.
But you don’t have to take just our word for it! Take a look at an Airbtics customer, Simon, who was led to a new Airbnb market that was more profitable than his original one!
Check out the best locations in Bristol to invest in property and are recommended for starting an Airbnb business:
Best Area | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Redland | 36 | 2 bedrooms | £345,000 (2 BD) | £39,175 | 11.36% |
Old City | 20 | 1 bedroom | £230,000 (1 BD) | £35,564 | 15.46% |
Clifton | 68 | 2 bedrooms | £365,000 (2 BD) | £34,408 | 9.43% |
Hotwells | 15 | 2 bedrooms | £395,000 (2 BD) | £23,900 | 6.1% |
St Paul's | 36 | 1 bedrooms | £220,000 (1 BD) | £19,996 | 9.1% |
Best Area
Airbnb Dataset
- Total Number of Airbnb Listings: 36
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £345,000
- Airbnb Annual revenue: £39,175
- Gross rental yield: 11.36%
- Total Number of Airbnb Listings: 20
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £230,000
- Airbnb Annual revenue: £35,564
- Gross rental yield: 15.46%
- Total Number of Airbnb Listings: 68
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £365,000
- Airbnb Annual revenue: £34,408
- Gross rental yield: 9.43%
- Total Number of Airbnb Listings: 15
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): £395,000
- Airbnb Annual revenue: £23,900
- Gross rental yield: 6.1%
- Total Number of Airbnb Listings: 36
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £220,000
- Airbnb Annual revenue: £19,996
- Gross rental yield: 9.1%
Source: Airbtics Dashboard
3 Best Cities Near Bristol to Invest in Airbnb
City | Number of Airbnb Listings | Best Number of Bedrooms | Median Property Price | Airbnb Annual Revenue | GRY |
---|---|---|---|---|---|
Bath (13 mi away) | 348 | 1 bedroom | £275,000 (1 BD) | £29,781 | 10.83% |
Cardiff (43 mi away) | 643 | 1 bedroom | £145,000 (1 BD) | £22,254 | 15.35% |
Oxford (75 mi away) | 359 | 1 bedroom | £350,000 (1 BD) | £31,600 | 9.1% |
City
Airbnb Dataset
- Distance from Bristol: 13 miles
- Total Number of Airbnb Listings: 348
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £275,000
- Airbnb Annual revenue: £29,781
- Gross rental yield: 10.83%
- Distance from Bristol: 43 miles
- Total Number of Airbnb Listings: 643
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £145,000
- Airbnb Annual revenue: £22,254
- Gross rental yield: 15.35%
- Distance from Bristol: 75 miles
- Total Number of Airbnb Listings: 359
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): £350,000
- Airbnb Annual revenue: £31,600
- Gross rental yield: 9.1%
Source: Airbtics Dashboard
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- Vital vacation rental data from 40 Markets – Airbnb Occupancy Rate, ADR, Revenue, and Listings! Access 2-year data from June 2021 to June 2023.
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How to Find Profitable Locations to Invest in?
It doesn’t matter whether you’re a beginner or a knowledgeable property investor because the big question of “how much can I make with Airbnb?” will always be there when you want to target a new specific market.
But finding rental markets that can generate a good level of profit can be a time-consuming task and there’s nothing more valuable than one’s time. For this reason, taking advantage of the many available resources for property investors to speed things up in this journey is a great way to proceed.
So instead of wasting a lot of time researching a variety of sites to find profitable areas, we encourage you to make use of powerful analytics tools to find profitable markets to invest in Airbnb. But not so fast! We also recommend focusing on those that can provide dynamic data.
Imagine exploring a city while getting useful info that can make things easier for you, it sounds like a dream come true, right? It’s possible with Airbtics Dashboard since you can get a reliable dataset that will show you metrics like the average revenue, occupancy rates, nightly rates, and seasonality, among others.
Now, you will have a better view of your target market and you can easily monitor the demand in the area. But, if you’re not finding your desired area, you can also create a custom market.
On the other hand, you can use filters to find out what type of property offers the most attractive profit in your preferred area. The best part of using dynamic data is that by moving and zooming in and out of your map, the data will also change accordingly.
This process can now be repeated until you decide what type of property would be a good investment in your target city or neighborhood. Compare data between different property types and you find out the option that suits you the best!
Make data-based decisions using reliable analytics tools
In summary, the rental market in Bristol offers plenty of investment opportunities to investors who want to invest in short-term lets and student accommodations. The same can be said for the nearby cities as they also provide attractive investment opportunities. Thus, it’s possible to obtain a good return on investment when targeting the right area and acquiring a property with the best number of bedrooms.
But before making an important investment decision, we encourage you to continue exploring different markets so that you won’t miss out on better opportunities. Thus, why not go ahead and explore other profitable places to invest in property in the UK?
Knowing the best areas in Bristol to invest in Airbnb is a great way to start your investment journey, but this is just the beginning! Make smart investment decisions and improve your Airbnb strategies by using reliable tools such as our STR’s income estimator!
Short-Term Rental Data
Short-Term Rental Data
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