In 2012 Michael decided he wanted to invest in a buy to let apartment in Bristol. He was attracted to a development called The Eye, next to Temple Meads, which was being developed by The PG Group.
As a new comer to buy to let investments Michael was in the process of reseaching the lettings market when he made contact with Ed at The Bristol Residential Letting Co. As a specialist in letting new build properties Ed knew all about the developments in Bristol and had recently visited The Eye to assess the rental potential of its apartments.
Michael was delighted to find someone with such relevant knowledge and was reassured that the apartment he was considering purchasing was on a suitable floor, had the right aspect and was at an asking price that made sense. Even though The Eye Bristol was just a building site Ed was confident the finished apartments would appeal to professional tenants and assured Michael that this was a very strong investment opportunity.
The proximity to Temple Meads and planned expansion of the Enterprise Zone allowed Ed to be confident that the apartments would always be in demand, the rents would increase and that there should be capital appreciation. Michael took this advice on board and proceeded to purchase a one bedroom apartment.
10 years on and the area around Temple Meads has seen tremendous growth and development and the Bristol rental market has gone from strenth to strength. The Eye has been an incredibly popular development for professional tenants and rents and capital values have duly risen.
Over the 10 years Michael has now had 4 different professional tenants. As a mark of how popular his apartment is and our proactive approach to renting a property he has only experienced 9 void days during the entire 10 years – a statistic that even Michael couldn’t believe when we presented it to him.
Although the lettings market has been very strong the industry as awhole has faced many challenges over the last decade with numerous legislative changes increasing the compliance responsibilities of landlords. Don and the team at The Southville office are experts in their field and as part of the fully managed service have guided Michael through the necessary changes. Emma Vincent ( TBRLC since 2019) is Michael’s Property Manager and as you can see from the review below they enjoy a great working relationship.
We are all looking forward to working together for another 10 years !
