The red-brick Victorian terraced houses of Bedminster have been revealed as Bristol’s best property investment over the past 20 years.
Analysis by commercial property specialist Colliers International of latest Land Registry figures for six mixed areas of the city has shown that average house prices in the south Bristol suburb have risen by 512% since 1997, rising from £50,339 to £307,979.
This compares to average price growth of 379% for Bristol during the past 20 years, according to house price data from July 1997 to August 2017. The average UK house price growth in that time was 273%.
During the same period, Bradley Stoke experienced house price growth of 507%; Knowle of 484%; Clifton of 388%; Bristol City Centre of 327% and St Paul’s of 299%.
Christopher Dawson, development director in the Bristol office of Colliers International, said: “If you were a buyer, your investment would perform best had you bought an average home in Bedminster in 1997, in terms of capital appreciation.
“However, it should be noted that there has been a considerable change in the average home within these areas with a higher proportion of recently built properties. Average prices also mask the shift in some locations from houses to apartments which may distort figures by bringing down average unit values.
“For example, in Clifton there has been a notable shift to smaller housing types with the proportion of detached and semi-detached house sales falling from 17% of the market in 1997 to 9% of the market in 2017 to date.”
Dawson added that while house price growth in Bristol had been a positive experience for home owners, it had resulted in house prices in the city becoming considerably less affordable.