Sharp rise in demand for family homes in Bristol fuelled by pupils returning to school
Zoopla, the UK’s most comprehensive property destination, has revealed that buyer demand for family homes in Bristol has risen sharply since pupils returned to the classroom in March. The increase in demand was further amplified by the announcement of the extension of the stamp duty holiday to the end of September and the rapid progress of the vaccine roll-out.
Bristol is booming
Demand for two- and three-bedroom homes in Bristol, perfect for local families who have children back at school, has risen by 29% in the last eight weeks, with an average price of £328,000. This is higher than the average house price in Bristol, as revealed in Zoopla’s latest House Price Index.
In April, the Index revealed that the average house price in Bristol is now £292,300, with prices rising by 3.8% in the last 12 months. The data also showed prices in Bristol have increased cumulatively by 20.7% in the past five years.
Two-bed terraced house, Church Avenue, Easton, Bristol BS5 | Price: £335,000
Family homes currently for sale in Bristol include a beautiful Scandi-influenced two-bed terraced house (£335,000) situated in one of the most sought after streets in Easton. Other properties include a character-filled three bedroom house on Falcondale Road (£595,000) and a stunning three-bedroom bungalow (£385,000) around the corner from Bridge Farm Primary School rated outstanding by Ofsted.
Bristol is a fantastic place for families to live, with its thriving city centre and abundance of parks and open spaces – Guy Lilley, director, Goodman & Lilley
Guy Lilley, director at Bristol estate agency Goodman & Lilley, said: “Since the schools reopened, we’ve seen a surge in demand for family homes in Bristol and nearby towns. Parents are grabbing the opportunities presented by the lifting of lockdown restrictions to seek more space.
“Bristol is a fantastic place for families to live, with its thriving city centre and abundance of parks and open spaces, and we’re expecting demand to keep rising as we head towards the end of the stamp duty holiday in September.”
More families took the opportunity of the kids going back to school to look for a new home… with demand for two- and three-bed homes across Bristol rising by 29% – Gráinne Gilmore, head of research, Zoopla
Gráinne Gilmore, head of research at Zoopla, commented: “More families in Bristol took the opportunity of the kids going back to school to look for a new home, and that has had a big impact on demand for homes – with demand for two- and three-bed homes across Bristol rising by 29%.
“As lockdown restrictions continue to ease and demand for outdoor space continues at pace, homeowners in Bristol have a golden opportunity to move to a new property before the stamp duty holiday ends in September.
“The spike in demand also puts sellers of family houses in the county in a great position if they put their home on the market. Homeowners interested in finding out what their home is worth can check My Home on Zoopla.co.uk, which offers an instant online estimate.”