One of the most popular most popular searches in Bristol is 3 bed houses - perfect for any with a small family, or planning to have one. But with Bristol's crazy growth over the past decade, its hard to get much change from £300,000. It's why some have moved over the bridge, or even down south to Exeter. But what if you are took hooked to the vibrant lifestyle that Bristol offers?
We've put together the top 5 areas for buying a 3 bed house under £300,000. And heres the disclaimer - this is as of May 2021 - theres every chance that before long, you wont be able to get anything under 300k... So if you're thinking of buying, take a look at the following areas for value for money, and then you can benefit from the great returns.
The above diagram shows you the growth over the past 5 years in Bristol. Its no secret that Southville & Bedminster has been having its moment (up 74%), as has Gloucester Road (up 50%). And with all the new housing thats been added along the M32 route, Eastville to Frenchay has seen a 41% increase.
And even the areas where growth has been lowest, such as Little Stoke, Patchway & Portishead, its still been at least 15%.
Bristol is a powerhouse city of the UK - it has consistent economic growth with no signs of stopping, 2 universities bringing 30,000 students, and many businesses either setting up or moving to Bristol to benefit from the all the talent.
Bristol is home to some big employers such as Rolls Royce, Airbus, Ministry of Defence and Aviva. And its great for investors too - Bristol has the highest demand for rental properties in the country, making buy-to-let lower risk.
It's no wonder that prices have grown with increased competition. So where can you find the best value for money home in Bristol?
Below is a map of the £ per square foot in Bristol. By searching for properties using this, we can find out what areas you can get the biggest houses for the cheapest price. Whilst the condition of a property is important, if you plan to live in it for many years then you may want to consider a property based on how much room you have, rather than the finish.
This map shows that the best value for money houses can be found in the North and North West, or out to the East.
The average asking price for a 3 bed house in BS11 is £256,871. This may be the best value for money area - there are many long rows of terraced houses in Shirehampton & Avonmouth, having been historically the home of dockers to the nearby ports. Whilst the ports are still very much a huge player in the local employment market, the area has changed substantially. Avonmouth is now home to many warehouses such as Amazon, Asda & Nisbets. Being next to a port and good motorway connections makes it perfect in this new world of home delivery.
BS11 has seen growth of 36% in the last 5 years, and whilst high, it remains one of the only places to find 3 bed homes for less than £300,000.
Heres some good examples of properties you can buy in BS11:
Kings Weston Avenue, Shirehampton - £265,000
Davis Street, Avonmouth - £270,000
Grove Leaze, Shirehampton - £275,000
Kings Weston Avenue, Shirehampton - £275,000
Broadleaze, Shirehampton - £300,000
Nigel Park, Shirehampton - £300,000
So why live in BS11? Shirehampton high street has some great amenities, theres 13 good primary schools and 2 secondary schools. It's just one junction down from the Mall Cribbs Causeway. And the train journey from Avonmouth or Shirehampton train station takes just 8 to Clifton, 20 minutes to Temple Meads. You can visit a local favourite pub, the Lamplighters. Or explore the grounds of Kingsweston house with its on-site cafe. And if you really like nature, you're on the border of the 400-acre Blaise Castle Estate.
The average asking price for a 3 bed house in BS14 is £278,220. Over to the South East of Bristol now, the BS14 still offers great value when looking for a 3 bed house. The victorian housing of Knowle, Totterdown & Arnos Vale is very popular but comes at a hefty price. Further down the Wells Road, you will find Whitchurch, the last village before North Somerset and the Dundry Down ridge, miles of nature & greenery.
For families, Whitchurch is a great spot to be, with easy access to the centre, great schools nearby (7 good primary schools, 2 secondary) and the Hengrove Leisure Park on your doorstep - with a cinema, swimming pool, leisure centre & restaurants. To the east, you have Stockwood Open Space Nature Reserve and a cycle path along the old railway line.
BS14 has grown of 29% in the last 5 years - less than the rest of Bristol. As people realise theres value-for-money property to be had here, that trend will likely change. Here are a few properties that have sold recently:
Cowling Drive, Stockwood - £275,000.
Wharncliffe Gardens , Whitchurch - £265,000
Holcombe, Whitchurch - £275,000
Airport Road, Bristol - £300,000 (new build)
Westleigh Park, Bristol - £275,000
The Coots, Stockwood - £260,000
Whitchurch Lane, Whitchurch - £250,000
Leda Avenue, Hengrove.- £300,000
Cowling Drive, Bristol - £220,000
Some stuff about BS13
Some stuff about BS15
Some stuff about BS10
The table below shows the average asking prices per postcode across Bristol, plus expected average growth over 5 years. E.g. BS23 is expected to grow by 10% in the first year, then have grown by 27% after 5 years.
