For those looking to get on the first rung of the property ladder, Bristol is a good shout. In fact, we would go as far as saying it is a very good shout, as just a few years ago, Bristol was named the best place in the United Kingdom to live. You don’t get that accolade easily, so there must certainly be something about the city and the surrounding areas that people love.
The average age of people living in Bristol is 20 – 34 year olds, according to the Office of National Statistics, and many of these will be first-time buyers. But what makes Bristol one of the best places in the UK to buy your first property? Let’s take a look.
The quality of life
In terms of quality of life, Bristol has it all. A bustling maritime history, plenty of things to see and do, a great restaurant and bar scene, and a general feeling of community spirit. While these things can certainly be found in many other places in the UK, Bristol has them in droves, and as someone just starting out in the housing market, you want all of these things around you.
Some of the exciting things to see and do in the area include the famous Clifton Suspension Bridge – probably one of the most recognisable landmarks in the area, if not the whole country – and Brunel’s SS Great Britain – a former ship turned museum. These are only two of the many things that Bristol is known for – let’s not forget that Banksy has left his mark on more than one corner of the city, as have many other street artists over the years.
If you fancy heading out a bit further, Bristol is just a short distance from Wales and the Brecon Beacons, the Cotswolds, Devon, and Bath, making it a great place to live in while you explore many of the other areas of the country.
In terms of its economy, the Bristol-Bath region is a real powerhouse. This area generates more than £32 billion a year and is expected to keep on growing. Why is this? Well, for starters, there are no less than two world-class universities in the region (the University of Bristol and the University of the West of England). Bristol is also thought to have the most skilled workforce in any of the core cities in England. Businesses have cottoned on to this and are flocking to Bristol in their droves. There is currently a 76% employment rate, compared to the UK average of 70%. Airbus, OVO Energy, Rolls Royce, and Aardman Animation Studios are all big employers in Bristol.
Whether you long for city, country, or the sea, you are never far from them in Bristol.
Want to head to the seaside for the day? You’re in the right place, with some of the most beautiful beaches in the country within two hours of Bristol. You don’t even need to leave the city for your fix of water- at the very heart of the city is the floating harbour.
If green space is more your thing, there is plenty of it to enjoy, such as around Blaise Castle or on The Downs.
Of course, the city centre is like no other, with a huge range of restaurants, bars, and shops for you to enjoy.
Where are the best places to buy in Bristol?
Here are our top three places for first-time buyers in Bristol.
- Filton: Filton is a great place for first-time buyers. It is close to the University f the West of England and is known to be a family-friendly area.
- Downend and Emersons Green: Considered ‘budget’ areas, Downend and Emersons Green are about 20 minutes away from the city centre by car, have great access to motorways and the ring road, and fantastic schools.
- St. George: This is on the outskirts of the city, close to St George Park, which offers plenty of activities for kids and adults alike.
Get advice from the professionals.
If we had one piece of advice for first-time buyers, it would be to get advice! We are talking about professional mortgage advice from a mortgage broker in Bristol. The market is so competitive at the moment, and getting your head around residential mortgages and interest rates can be a bit of a minefield. A mortgage broker will work with you to see what you can afford and what type of mortgage, whether one of the fixed rate mortgages or another type, is right for you.