Accommodations in Bristol is considered as the most expensive due to the higher rentals in recent years. The higher population of this bustling place is attracting many homeowners to rent out their place for a decent income. However, this situation is challenging for the renters who are paying almost one-third or 37% of their income to the homeowners.
In that case, the demand for affordable and accessible houses and short-term rentals is surging. The homeowners with one home can discover a multitude of opportunities for themselves by listing their properties, either a room or entire room, and rent them out as short-term rentals.
In this blog, we will discover the affordable yet luxurious accommodations in the Creative Hub of the Southwest in the United Kingdom where life is inspired by the imagination, originality and the street artists. So, let’s dive in!
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Housing Market in Bristol
According to the latest statistics published by the Bristol Post, the house prices are falling and are likely to drop by 15%-20% in 2023. Investors who wish to invest in the buy-to-let properties can reap the benefits of this recessionary situation in the mortgage market while keeping an eye on the anomalies in the housing market in Bristol.
The rapid selling of houses is being carried out owing to the inability to refinance mortgages or the low chances of making any profit amid the likely recession in Europe, according to the same report.
However, investors can look for the relatively cheaper properties to start earning from the short-term rentals. Airbnb business is growing at a fast pace in Bristol because of the higher number of visitors, business trips and student’s events and artists’ festivals.
All of these reasons support the idea of investment in Bristol for residential or commercial purposes. A number of renowned universities, technological parks, recreational activities and the artists’ events increase the demand for the short-term and long-term rentals.
This is why we recommend the idea of investing in the Bristol properties to provide affordable and professional sojourns to everyone visiting Bristol for a short period of time.
Hidden Gems and Attractions in Bristol
Bristol City is packed with the inspiration and time lapse places where the visitors feel engrossed into the era of Victorian or Georgian by looking at the classical structures which speak highly of the greatness and the grandeur of Great Britain.
Besides, the breathtaking scenery and the picturesque surroundings lures the visitors towards by offering them a peace of mind. The meditative neighbourhood in Bristol is ideal for exploring an escape from the buzzing urban life.
Above all, Bristol is a city known for its street artistic expressions which are testament to the unique life in Bristol. The historic and lush green city is dotted with a number of fantastic places where the visitors must go for a memorable experience.
Let’s have a look at some of the unique locations which offer a great idea to the investors for making the right choice in the property investment.
- Clifton Suspension Bridge
- Cabot Tower
- Brandon Hill
- Floating Harbor
- Bristol Cathedral
- Wills Memorial Building Tower
- Queen Square
- Bristol Aquarium
- M Shed
- Arnos Vale Cemetery
- Arts Mansion
- Lord Mayor’s Chapel
- St. Mary Redcliffe
- SS Great Britain
- Bristol Zoo Gardens
- Noah’s Ark Zoo Farm
- Aerospace Bristol
- Longleat Safari Park
- Slim bridge Wetland Center
Cheaper & Profitable Accommodation in Bristol
Finding an affordable stay in Bristol has become quite challenging due to the increased demand of the houses and flourishing economy. As a result, many renters and visitors avoid living in the heart of Bristol while eying for the reasonable house rents around the suburbs.
Although Bristol is well positioned and every property investor is safe from any risk. Still, the house market is dwindling in Bristol, dropping the house prices in recent days. So, it's essential that investors buy the dip and enjoy the promising returns during the peak of the economy.
Following is the list of some of the profitable and affordable accommodations in this vibrant and lively city:
1. Leonardo Hotel Bristol City
Leonardo Hotel is one of the cheapest yet luxurious hotels in the heart of Bristol. This place is highly comfortable and takes into account the visitor’s individual and unique preferences. The Leonardo style bedroom with ensuite bathroom provides the comfort of the home.
The cosy surrounding rejuvenates the senses and keeps the visitors refreshed during their short stay in Bristol. It offers everything from the sumptuous restaurants to the sleek bars and the professional meeting room. Ten minutes away from the City Center, the visitors can explore Bristol all day and enjoy a home-like sleep at this affordable hotel.
2. Mollie’s Motel & Diner Bristol
Offering many discounts and special offers to their special guests, this motel in Bristol offers every comfort for a tranquil stay at the Bristol. At Cribbs Causeway, this luxurious hotel offers deluxe two bedrooms to family suites where visitors can take delight in the serene surroundings and enjoy a cup of coffee at the spacious terrace to uplift your mind and senses after experiencing the urban life of Bristol.
3. Number 38 Clifton
Number 38 Clifton is stunningly furnished to provide a unique and ideal stay to the visitors who admire the unique location along with the beautiful scenery around this place in Bristol. As per the price, this townhouse offers a picturesque landscape with the scenery of the hills in the backdrop which makes this hotel more relatively affordable. The well-appointed hotel is unique for the price it charges. With upscale amenities, the visitors find this hotel an idyllic place to stay at.
4. Artist Residence Bristol
Located at the accessible location of Portland Square, this Georgian-style house provides the guests with all the necessities and welcomes them with continental breakfast and other facilities. The location of this place is ideal for the tourists and the business trips. The proximity of Bristol Cathedral, Bristol Zoo Gardens and Ashton Court makes this Artist Residence Bristol desirable and preferable.
5. Ring O Bells Hinton Blewett
Located near Bath, this unique location offers delicious food with outstanding hosting services in Bristol. This is the reason this residence is rated as 9.5 on the booking.com. Moreover, the ideal location among the serenity of the surrounding makes this place idyllic for the tourists spending their short stays in Bristol.
How Can Houst Help You?
Well, if you also seek to invest in the right property and become one of the most affordable yet profitable short-term rentals, the Houst can help you. In this regard, Houst will maximise your income by offering friendly and professional hosting services. Partnering with Houst will save you time and cost and make your life stress free by taking the responsibility of carrying your hosting business to the next level.
Unlock the true potential of your rental property in Bristol with Houst - Earn up to 56% more than traditional long lets.
The Bottom Line
Finally, we wrap up the discussion by saying that the Houst is the best place to make your property investment profitable and save you from any kinds of risks. The professional property management, hassle-free listing and professional hosting services with the use of state-of-the-art technology elevates your business instantly.
On the other hand, the mortgage market’s dynamics are changing fast in Bristol and the United Kingdom. So, it would be beneficial if the intelligent investor utilises this period to invest in low-priced property by doing proper market research. However, Houst can help you in determining the local rules and regulations in each locality of Bristol. So, let’s open a gateway towards success with Houst now!