Mortgage advice in Bristol
If you’re looking for mortgage advice, you can speak to a Rest Less Mortgages advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.
Buying a property in Bristol
The average overall price of a property in Bristol is £342,432, with house prices in the city up 10.3% year-on-year.
The average price of a detached property in the city of Bristol is £668,971, whilst semi-detached houses sell for an average of £432,725. Flats sell for an average of £255,009, with terraced properties fetching £359,478.
Source: HM Land Registry. Figures shown are the latest available (May 2022).
Cost comparison of houses and flats in Bristol
Source: HM Land Registry. Figures shown are the latest available (May 2022).
Property sold in Bristol
There have been 11.2k property sales in the Bristol postcode area over the past year and sales dropped by 23.7% (-4.4k transactions). Most properties were sold in the £300k-£400k price range with 2834 (25.3%) properties sold, followed by 2,142 properties (19.1%) sold in the £250k-£300k price range.
Source: Plumplot.co.uk
About Bristol
Bristol is the largest city in the south west of England, with a population of just under half a million people.
It is often hailed as one of the best places in the UK to live and has plenty of famous landmarks, including the Clifton Suspension Bridge, William West’s Camera Obscura, and the beautiful Georgian Queen Square.
The city has several distinct areas, all with their own different identity. Clifton is arguably one of the most sought-after parts of the city, and has an almost villagey feel to it, with good restaurants and independent shops, as well as plenty of green spaces. However, house prices in Bristol are high, so you’ll need to have a bigger budget to afford a property here.
Other popular areas in Bristol include Redland and Cotham, which are both popular with families as they are home to some of the best schools in the area. Recent years have seen significant development in Redcliffe and the city centre, which are home to most of Bristol’s big employers.
Whatever your interests, Bristol has plenty to offer. An exciting, vibrant place to live, with easy access to beautiful countryside and green spaces, inhabitants can enjoy the city’s history and architecture, widespread employment opportunities, independent shops and a thriving arts scene. If you’re planning to buy a property in Bristol, you can find out more about the mortgage options that might be available to you, and how they compare, in our articles Mortgages for over 50s: What you need to know and Mortgages for over 60s: what you need to know.
Investing in buy-to-let properties in Bristol
Bristol is a vibrant university town and is really popular for shared student houses and student buy-to-let properties. There are four universities with over 30,000 students in just the University of the West of England (Source: uwe.ac.uk). Find out more about buying a property to let out in our article Buy to let: A beginner’s guide.
Bristol’s location and convenient transport links also make it a great place to live. It takes around two-and-a-half hours to get from Bristol to London by car via the M4 motorway and an hour and thirty five minutes by train.
Find out how much you could borrow
Get an idea of how much you can borrow, based on your monthly income and outgoings using our mortgage affordability calculator.
Compare mortgage rates today
If you’d like to find out the kind of deals available on the market now, you can compare mortgage rates from the whole of market in minutes. Our comparison tool makes it easy to try out a few scenarios to see how that affects the mortgage rates available – simply adjust your options to see how that affects the results.
Want to speak to a mortgage broker?
Speaking to an experienced mortgage advisor can help you to understand your options and get a great deal on your mortgage. If you’re looking for somewhere to start, you can speak to a Rest Less Mortgages advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.
Other areas you'd like to explore
If you are in the early phases of buying a property and haven’t settled on a location for your future home yet, check out mortgage information and house prices in these areas.
Read our mortgages guides
Whether you’re looking to understand how mortgages work, want to get some mortgage advice or you’re looking for the latest news in the world of mortgages – our guides are here to help.
Source acknowledgement: House price data produced by Land Registry.
This material was last updated on 10 May 2022. It covers the period from 1 May 2021 to 1 May 2022 and contains property transactions which have been registered during that period.
Contains HM Land Registry data © Crown copyright and database right 2022. This data is licensed under the Open Government Licence v3.0.
If you have found an error with the data please contact Her Majesty’s Land Registry (HMLR).
Please note that we charge a fee of £495 for residential, buy-to-let and retirement interest-only mortgages, and £995 for equity release. This only be chargeable upon mortgage completion.
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