Investing in Bristol
Existing as its own county since 1373, Bristol is one of the largest cities in the UK with approximately 701,000 occupants in 2022.
The city straddles the River Avon in the south-west of England and has a prosperous maritime history. The former city centre port, Harbourside, is a cultural hub. There you can find the M Shed museum, which showcases local social and industrial history. Along the harbour runs a mass of 19th-century warehouses that now house restaurants, shops and cultural institutions like the art gallery, The Arnolfini.
There are two world class universities found in the city – the University of Bristol and the University of West England – with around 30,000 students and 8,000 staff at each institution. Bristol is a student-heavy city, which means there are plenty of opportunities for HMOs in Bristol.
What’s more, with house prices set to decline slightly in 2023, there has never been a better time to add a HMO to your housing portfolio.
Why invest in Bristol HMOs
Educational Institutions and Student Population
Bristol is home to the University of Bristol and the University of the West of England (UWE Bristol), contributing to a significant student population. HMO properties situated in close proximity to these institutions can tap into the demand for student accommodation. Investors can benefit from a steady stream of tenants, particularly during the academic year.
Economic and Technological Hub
Bristol has a thriving economy, with strengths in sectors such as aerospace, technology, and creative industries. The presence of a diverse range of businesses and employment opportunities can create a demand for rental housing from professionals. Investing in HMO properties near employment centres, such as the Bristol Temple Quarter Enterprise Zone, can attract working individuals seeking convenient accommodation.
Cultural and Creative Scene
Bristol is known for its vibrant cultural and creative scene, with numerous festivals, arts events, and a strong music culture. Areas with a mix of cultural amenities and entertainment options may attract a diverse range of tenants, including students and young professionals. HMO properties in neighbourhoods with a lively cultural scene may have broad tenant appeal.
Transport Links and Connectivity
Bristol benefits from good transport links, including a major railway station, the M4 and M5 motorways, and an international airport. The city's connectivity is appealing to tenants, making HMO properties in well-connected areas desirable. Proximity to public transport and key amenities is often a key consideration for tenants
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