Top 3 best value areas in Bristol
According to research conducted by Propflo the top 3 best value locations in Bristol are: Lawrence Hill, Windmill Hill, and Southville.
We took the top 10,000 properties in Bristol that had the highest Propflo property scores* and then matched these to ward areas. The average house prices for the past 5 years were then derived for each ward using HM Land Registry price paid data. Finally, we identified wards that fall within the bottom half of average house prices for Bristol whilst also having the highest overall proportion of top-scoring properties.
The properties in these areas have scored highly by having comparable access to amenities and transport links while having similar risk and sustainability profiles to other more expensive areas in Bristol.
Lawrence Hill is located towards the eastern side of the city centre. Despite being named as one of the most deprived electoral wards in the South West, it scores surprisingly high on the Propflo property score. Could this area have huge potential?
Average house price: £274k
Windmill Hill is situated in the south of the city and is often referred to as being part of Bedminster. It is predominantly a residential area, becoming popular in the early 2000s with students, artists and environmentalists. It also includes Totterdown, well-known for its brightly coloured Victorian terraced houses.
Average house price: £312k
Located on the south bank of the River Avon, Southville is a hip and interesting area to the south-west of the city centre. Over the past few years, the area has become increasingly gentrified as many eateries, delis and craft-beer bars have moved into converted industrial buildings.
Average house price: £348k
*The Propflo property score takes account of public data on a specific property and local area which it then aggregates into several topics including risks to the property and sustainability. The property score is not directly linked to the actual value or quality of a home, however. A £1m property may score lower than a £250k property for example, but this doesn’t mean the £1m property should be worth any less!
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About Propflo
Propflo is a property transaction transparency and decision support platform powered by machine learning (a form of artificial intelligence).
It was founded by successful proptech entrepreneur Luke Loveridge and geospatial and risk data scientist Dr Daniel Moyo. The business has a strong advisory team including the CEO of Yopa and ex-Purplebricks MD, Verona Frankish, and Dr Mike Tipping – a world-leading AI expert. It’s lead investor, Ying Tan, is also an industry expert having built and sold one of the largest specialist mortgage brokers in the country.
www.linkedin.com/company/propflo
Contacts:
Propflo: Abigail Bourne
comms@propflo.co.uk
