Property Auctions in Bristol
It is no wonder that property auctions in Bristol are becoming an increasingly popular choice. In fact, Bristol is the second biggest digital communications, creative and tech hub in the UK. The wide range of recreational and cultural facilities are exceptional for a city of its size, making Bristol an ideal location to find bargain Bristol property at a low price.
Property Prices in Bristol
In line with other parts of the UK, Bristol has seen property prices grow by over 70% over the past decade. The average price of a flat in Bristol is just over £250,000 while a terraced house might go for nearly £300,000. The final price depends chiefly on which part of Bristol the property is located in and the condition of the property.
Like the normal prices in the UK property market, prices at the various property auctions in Bristol have also climbed over the years. However, if you are prepared to buy a house to renovate at auction or to bid on a repossessed property in Bristol, you can still find excellent deals on studio’s, flats and houses.
The most expensive area to live in Bristol is Clifton, due to its prime location near the Clifton Suspension Bridge and Avon Gorge. A lot of the property in Clifton tends to be Georgian terraced houses and Regency style crescents. High demand means that these desirable residences can reach prices averaging £350,000-£500,000 at most Bristol property auctions.
At the other end of the scale, it is possible to find property for auction in Bristol priced at £100,000-£150,000, but this relatively low figure usually reflects their poor condition. This can often present a good property investment opportunity if you are willing to renovate the property with an intent to re-sell at a later date.
Urban renewal projects have transformed some Bristol neighbourhoods. For example, Southville has undergone regeneration since the late 1990s with derelict and abandoned properties converted into independent restaurants, bars and family homes. As a result, property prices have also increased in these parts of Bristol.
Other local property auctions:
- Property auctions in England
- London property auctions
- Property auctions in Essex
- Birmingham property auctions
- Property auctions in Liverpool
- Devon property auctions
Where To Look for Property Auctions in Bristol
Before you visit any property auctions in Bristol you should first consider which areas of the city are viable for you to buy a property. For example, how close you wish to be to the city centre you can expect to pay much higher prices for houses, flats and even studios.
The more you are prepared to compromise on location, the greater your chances of finding a bargain property for auction in Bristol to suit your budget.
Some of the most popular areas which attract bidders at property auctions in Bristol are listed below, however, it is worth remembering property sale prices can vary greatly depending on the number of bidders and the guide price of the property at auction.
Property in Montpelier, Bristol (BS6)
Close to the cultural hub of Stokes Croft and within easy walking distance of Bristol’s lively nightlife, Montpelier is popular among young professionals and first-time buyers.
Montpelier includes some Grade II listed Georgian terraced houses which are considerably cheaper than similar properties located in the highly sought area of Clifton. Buying a property at auction in Montpelier could be the opportunity to pick up a bargain.
Property in Totterdown (BS4)
Totterdown, Bristol is famous for its brightly painted houses and Paintworks, the creative and design hub of smaller businesses which also incorporates houses and flats. Apart from appealing to young urban professionals, Totterdown also attracts property buyers with young families.
They are drawn to the neighbourhood because of the good reputation of its schools, the greenery of its parks and its friendly and safe atmosphere.
This means that property auctions in Bristol which have Totterdown assets on their books are likely to be busy, with many bidders seeking a bargain house or flat in this popular part of the city.
Property for sale in Hotwells (BS8)
Located a mile from Bristol city centre and just south of Clifton, Hotwells has been undergoing a transformation after some of its buildings were allowed to fall into a state of disrepair.
For those after commercial properties, the development of the former dockside wharves at Poole’s Wharf make it an ideal place to set up a business.
Property in St George, Bristol (BS5)
Although average house prices in St George hover around the £240,000 mark, it is possible to find properties in St George at many property auctions in Bristol, often for 10-15% cheaper depending on interest from other bidders.
This neighbourhood is a popular one for those just getting a foot on the property ladder and those with young families. They are attracted by the consistent quality of the 5 local schools and the convenience of St George’s Park, the venue for the summer music festival, Redfest.
Property for sale in St Paul’s, Bristol (BS2)
The St. Pauls neighbourhood of Bristol, famous for its annual carnival, is one of the most culturally diverse in the city. The condition of properties in St. Pauls put up for sale at various property auctions in Bristol can vary widely so it is crucial that all the structural checks are carried out by a qualified property surveyor.
For this reason, property prices in the St Pauls area of Bristol tend to be slightly lower than other central areas of Bristol and average at £200,000-£220,000.
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Types of Property Auctions in Bristol
Whether you are after residential, commercial or industrial property, you are sure to find a wide variety of property auctions in Bristol which market and sell many different kinds of property put up for sale. Here are some of the most popular types of property to be put up for auction in and around Bristol.
Residential properties in Bristol
There are a number of different architectural styles and home types in and near Bristol apart from Clifton’s Georgian townhouses. These include:
- Victorian terraces – especially in Bedminster and Westbury Park
- Victorian (detached) villas – popular but usually expensive at property auctions
- Rural properties – in nearby villages such as Failand, Leigh Woods and Henleaze
- Post-War semi-detached houses in Bristol (often former Council houses)
Commercial properties for sale in Bristol
Bristol is the perfect place to find commercial properties at auction. It is one of the few cities in the UK to have a thriving network of independent retailers supported by the local community.
You will find plenty of commercial properties for sale, many of which are mixed use – usually with one or more flats above. This is a great opportunity if you are thinking of relocating to the city and need to find a home and business premises.
Buy-to-Let properties in Bristol
Bristol offers many opportunities for anyone wishing to invest in buy-to-let property opportunities and become a private landlord.
The four universities in Bristol have an estimated 50,000 students while the £300 million development of the Temple Quarter campus will increase student numbers by up to 30% when completed.
If you plan to look for auction properties in Bristol for student rental purposes, popular off campus neighbourhoods include Westbury Park, St Andrew’s, Filton and Fishponds. Apart from student tenants, demand is also high for rental property among young professionals who have not purchased a house yet.
If you are planning buy a rental property in Bristol, the City Council runs property licensing schemes. If your aim is to buy a large property in Bristol and convert it into a Class 4 HMO property, then planning permission might be needed. You should check the local by-laws and regulations carefully and ensure you use an assured shorthold tenancy agreement, or AST, if you are renting any property.
Property Auctions in Bristol FAQ
How Can I Find Property Auctions in Bristol?
Getting in touch with Bristol-based and national property auction houses is the best way to discover residential, commercial and industrial properties at auction in Bristol and the surrounding area. These include the key information you need to know about each property while the property’s legal pack can be downloaded separately.
How Much Are Auction Properties in Bristol?
Prices range from £100,000 to over half a million pounds, but the average property price in Bristol is about £322,000. It is worth researching neighbourhoods and surveying the auction property before you decide to put in a bid as these factors greatly affect the property price.
Which Areas Are the Best to Find Auction Properties in Bristol?
For those who enjoy the hustle and bustle of living in a city, the best areas to buy an auction property in Bristol are Easton (BS5), Southville (BS3) and Redcliffe (BS1). If you prefer to live in quieter areas, there are many villages within easy commuting distance of Bristol such as Westbury-on-Trym (BS9) and Leigh Woods (BS8).
Can I Buy Repossessed Property in Bristol?
You can buy repossessed property for sale in Bristol, but generally there are very few available. Banks and building societies, for example, usually prefer to sell repossessed properties in Bristol through an estate agent. The only time repossessed properties are put up for auction in Bristol is because they have been problematic to sell in the conventional property market.
With just a little research about the neighbourhoods in Bristol and any planned urban renewal projects, it is possible to find a real bargain when attending an auction in Bristol and the surrounding area. Demand can put up the auction price so be aware of this during the bidding procedure.