Bedminster Area Guide
Letting in Bedminster - Area Guide
The Lets Rent office in North Street is located in the centre of Bristol's BS3 postal district (above) covering the main shopping and business district of Bedminster and extending to Southville, Windmill Hill and Ashton Gate, the home of the Bristol City Football Club.
Bedminster has a wide range of local attractions and amenities. One of the best known of these is the Tobacco Factory Theatre on North Street. This has forged an inspirational path to becoming one of the country’s most respected theatres with the addition of art spaces and a bar/restaurant. The programme includes classic and contemporary theatre, comedy, dance and music.
The North Street area is rapidly becoming the go to destination for a night out at a restaurant with The Thali Café, Zuzu’s Kitchen, La Mediterranean, The Lounge and most recently the Birch restaurant on nearby Raleigh Road.
Bedminster is close to Bristol’s historic waterfront, known as "the floating harbour". From there access is available to Brunel’s famous ship, the SS Great Britain. Other attractions on the waterfront include the Bristol Record Office, the CREATE Environmental Centre and Underfall Yard an historic boatyard. All of these places are open to the public.
More local attractions include the Windmill Hill City Farm, The Freedog Urban Activity Centre and the Redpoint Climbing Centre. There are two attractive public parks in Bedminster. These are Victoria Park in the Windmill Hill area and Greville Smyth Park, originally part of the nearby Ashton Court Estate and known for it’s splendid trees.
A wide range of residential property is available in Bedminster. Southville and Windmill Hill have period terraced properties and more modern accommodation is available close to the main shopping areas. Although property values have increased in Bedminster in recent years it is still comparatively affordable compared with many other parts of Bristol. Flats are available for under £200,000 and terraced houses are available for average price of around £260,000 with larger four and five bedroomed available for under £350,000.
Current asking rents in Bedminster average around £950 pcm and range from £650 for a flat to around £1,200 for a terraced house. Rates of return for investors are around 4.8%, higher than the neighbouring postcodes BS1 and BS2 where the rates of return are 4.3% and 4.5% respectively. The highest rates of return in Bedminster are for smaller flats and terraced houses with a rate of return of around 6%.
The emerging culture and lifestyle of the area combined with Bedminster’s location close to the city centre is attracting major new investment in residential and commercial property. Bristol based property developer Urbis has signed an agreement with Bristol City Council to develop four council owned sites between Windmill Hill and East Street. When complete the £100 million regeneration programme will deliver up to 800 new homes. Urbis also have an agreement with the council to redevelop the shopping centre at St Catherines Place. This will include a £23 million landmark building accommodating 188 apartments.
Smaller schemes for new apartments are underway on Coronation Road where Ellson Homes are building apartments and town houses and Abode are taking forward a scheme for three bedroom homes on Bedminster Road.
This is all good news for the residents, property owners and businesses in Bedminster - this area is changing fast!
BRISTOL AREA GUIDES:
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