How Much Can I Rent My House for in Bristol?

Whether you want to generate passive income, build a glittering property portfolio or lease out your house temporarily, the first step is to ask yourself: How Much Can I Rent My House for?

With so much information out there in an ever-changing market, it can be tricky to find the right price. That’s where we can help. Our award-winning Bristol Letting Agents are committed to finding you the best tenants and rates in the city.

Keep reading as we break down six key factors that’ll impact your property price, including:

• Location, location, location
• Number and quality of rooms
• Gardens and outside space
• Added perks like parking and pets allowed
• Length of the tenancy agreement
• Ongoing maintenance

How much can I rent my house for?

Remember, even the most luxurious rental houses must be in line with the local market. Luckily, Bristol is a brilliant location for buy-to-let landlords. Homes are typically let out in 13 days – a staggering four days quicker than the UK marketing average. As of April 2022, statistics reveal that landlords typically charge £1,486 per calendar month for a two-bedroom house in Bristol.

1. Location, location, location

Above all else, the main thing that’ll influence your rental price is location, location, location. While Bristol is a thriving and dynamic city, specific areas are more desirable thanks to better transport links, local amenities and schools. With that said, average rates are still higher than elsewhere in the South West, making Bristol, as a whole, a lucrative place for property investors.

Clifton is one of the wealthiest parts of Bristol, comprising unique Georgian architecture, upscale restaurants and a smattering of green spaces. Rents are on the pricier side to reflect the village’s natural beauty and abundance of leisure activities, but manageable for young professionals on the lookout for their first home.

Of course, rental rates aren’t the only consideration. Houses in student areas are often cheaper but guarantee a steady income. Bishopston and St. Andrews are popular student suburbs because they’re close to the city centre, with frequent buses from Gloucester Road. Although you can expect to charge less, you’ll benefit from a constant flow of interest.

Of course, the market is constantly fluctuating. Before listing your property, it’s best to consult a Letting Agent in Bristol to make sure you aren’t losing money or overcharging. 

2. Number and quality of rooms

Many renters prioritise spacious, well-kept rooms. Naturally, properties with two bedrooms or more secure higher rates and longer tenancy agreements (single bedroom properties rule out anyone with family plans). Plus, potential residents will pay a premium for modern kitchens and bathrooms with up-to-date features, including shower/bath combos and dishwashers.

Upgrading your property promises a better return on your investment. Perhaps, you could add a loft extension to create an extra bedroom? Do tenants have enough appliances to support their everyday life? Adding value is often as simple as giving your walls a fresh coat of paint – research the latest trends to bring your interiors into the 21st century.

3. Gardens and outside space

Post-pandemic, more people than ever have realised the importance of outside space. Renters now crave gardens and green areas that offer respite from city life.

If you have a garden, you’re in luck. Properties with ample room to entertain outdoors usually charge higher rates than urban buildings. To supercharge interest, landscape and introduce unique details, like a decking area, patio or shed.

4. Added perks like parking and pets allowed

If you want to get the most out of your rental property, think about how you can add value for money. This goes far beyond frivolous appliances and bucket loads of space. Instead, offer something above and beyond the competition in your local area.

For example, pet-friendly properties fly off the market at an extraordinary speed – people can’t leave their furry friends behind! Could you provide off-street parking? With the rise of remote working and learning, installing high-speed internet is another irresistible selling point.

5. Length of the tenancy agreement

Did you know the length of your tenancy agreement can affect how much rent you charge? You can increase the rates for short-term lets because there’s a sense of urgency. People who are in between houses and need a place to stay for a few months are happy to cover the additional cost.

If you’d prefer a long-term tenant, rates should align with the local market. In fact, you might want to charge tenants a little less in exchange for their dependability.

6. Ongoing maintenance

Nobody will pay premium rates for a property that isn’t maintained. As a landlord, it’s your responsibility to make sure the house is functional, free of mould and safe for residents. If tenants feel like they’re being looked after and listened to, they’ll see their rent as a worthwhile expense.

Get a free property valuation today

What to know how much you can charge tenants for a profitable return? We offer a free (yes, you read that right) valuation service. We take into account location, condition and competition to provide an accurate and honest review. Thanks to our expertise, we’ll also make recommendations for increasing the value of your property, helping you to squeeze the most from your investment.

Listing your property has never been easier. Simply get in touch or request a call back from our knowledgeable team today – we’re always happy to help. Call 0117 254 1133, email info@letsrentbristol.co.uk or visit us in person at 80 Mina Road, St Werburghs, Bristol BS2 9XL.